Pimlico Plumbers, the London-based plumbing firm founded by Charlie Mullins in 1979, has been sold to private equity-owned US home services group Neighborly, says the Financial Times. The deal is worth between £125m and £145m and will see Mullins sell his 90% stake in the business. His son, Scott, Pimlico’s CEO, will reportedly retain a share of around 10% in Pimlico, which makes revenues of about £70m a year and employs 400 staff.
Qantas CEO Alan Joyce has become “synonymous with extraordinary levels of executive pay”, says The Australian. Joyce’s base salary rose by $172,000 (£91,400) to nearly A$1.8m in 2020, despite “a horror year for the airline”. His total pay increased by $235,000 to almost $2m. That’s still “way below” the $24.6m that Joyce earned in 2017, and $10.9m in 2018, “but headlines of him being Australia’s highest-paid executive seem to remain stuck in the public memory”.
Nigel Rich, who is to replace lan Barlow as chairman of London- focused estate agent Roxtons, will be paid £150,000 a year, including £50,000 in shares. Barlow, who has been with Foxtons for eight years, had come “under heavy fire from investors in recent months over company salaries and dividend payments, says City AM. Nearly 40% of shareholders voted against the company’s pay policy in April after CEO Nic Budden received almost £1m in bonuses last year.
Kris Paterson is a writer for WhatJobs.com