http://news.sky.com/skynews/article/0,, ... 01,00.html
Grocer Goes For Ex-Boss
Updated: 11:13, Thursday January 04, 2007
Asda is threatening legal action to recover £600,000 that it claims to have mistakenly paid on behalf of a former chief executive.
The company has begun High Court action against ex-boss Allan Leighton to claw back money paid to the Inland Revenue, says the Financial Times.
Checking up on payoutsAsda apparently wants to get back the money it paid in tax on his share options when the now Royal Mail and Bhs chairman left the firm in 2000.
The Wal-Mart owned retailer told the newspaper it had issued a claim against Mr Leighton after exhausting "every other option", although the order is not yet thought to have been officially served.
"We simply can't say goodbye to £600,000 - the thousands of colleagues working in our stores would expect us to do nothing less," it said.
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The dispute is reported to have begun when Mr Leighton cashed in his shares in November 2000.
The supermarket claims it failed to deduct the tax due on the options.
Neither Asda or Mr Leighton have commented on the report but it is understood that Mr Leighton believes he paid the tax bill himself.
But it is believed similar mistakes were made with other former executives and the company was forced to foot the bill to the Inland Revenue.
Mr Leighton began his career in 1974 as a salesman for Mars Confectionery.
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An old story (Jan 2007) but interesting
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stephen500
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POSTMAN
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We posted this when it 1st come out(we've got everything
) what was the outcome,anyone?
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.