- May 14, 2007
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What would our turnover be with a chairman worth £1m/year? If Levy's business acumen earns us £10m extra turnover a year for example, you can probably justify an extra 500k or 1m payment per year.
You get what you pay for. "It's not that I'm lazy, it's that I just don't care" - one of my favourite quotes from the movie Office Space. (Well worth a watch)
Fair enough opinion, but again purely to provide some context, albeit in a different industry, in the same period as Levy picked up £2.1m the chairman of one of the two most recognised auction houses in the world picked up half as much money as Levy did, despite turnover being £50m higher than THFC generated.
I'm not suggesting the skill set are transferable between industries (hence having quoted comparable salaries in the same industry and league previously), but there are other examples in other industries that could be quoted where the chairman of a company with higher turnover in world renowned companies with higher turnover than THFC are getting paid much less than Levy is.
For the record I think he's doing a pretty good job. But he's getting enough pay for doing an incredibly exceptional job.