Tuesday, 24 October 2017

AA demands ousted former chairman MacKenzie repays £1.2m in bonuses

The AA is demanding that its ousted former chairman repays more than £1.2m in bonuses over an allegation that he was involved in a public altercation that was not previously disclosed to its board.
Sky News has learnt that lawyers for the UK's biggest breakdown recovery service have written to Bob Mackenzie requesting that he hands back his annual bonuses for 2016 and 2017.
People close to the situation said that the AA's letter to Mr Mackenzie, who was dismissed by the AA for "gross misconduct" in July, referred to an earlier bust-up in a public place which it argued provided grounds for clawing back the payments.

The individual said to have been involved in the earlier altercation is not thought to have been an AA employee.

Mr Mackenzie's lawyers are expected to dispute the AA's efforts to force him to repay the bonuses.

SKY       News.