Name: Admiral Insurance boss gives staff £10,000,000 bonus after retiring
Brand: metro.co.uk
SKU: metro-co-uk-82
Availability: OnlineOnly

critic

Admiral Insurance boss gives staff £10,000,000 bonus after retiring

preview

sharesThe boss of Admiral Insurance is giving staff a £10 million leaving present after stepping down.Chief Executive David Stevens, 58, will hand over £1,000 to full time staff while part time workers will pocket £500 as a thank you for their hard work.More than 10,000 staff including 3,000 overseas workers are set to receive the bonus.‘Their hard work and dedication has allowed&nbsp;Admiral&nbsp;to grow from a start-up to over 11,000 staff worldwide,’ said Mr Stevens.‘Saying thank you to all&nbsp;Admiral&nbsp;staff in this way is the right thing to do and I’m so proud and fortunate to have worked with a such a special group of people.‘And all of this while remaining a great place to work.‘Thank you from myself and my wife to everyone at&nbsp;Admiral.’Mr Stevens bows out from the top job almost 30 years after he co-founded the motor insurance giant – which also includes Confused.com – with wife Heather in 1991.The Cardiff-based company was launched selling car insurance over the phone with just 57 staff.Mr Stevens’ generous gift follows a similar gesture by former chief executive Henry Engelhardt who gave a £1,000 retirement thank you to full-time staff back in 2016 – equating to a payment of around £7 million.Both men have featured on the Sunday Times digital rich list, ranking the UK’s wealthiest entrepreneurs.Admiral announced record profits of over £500million – with Mr Stevens attributing to ‘consistently happy staff, consistently happy customers. Hopefully happy shareholders.’He is being succeeded as chief executive by Milena Mondini de Focatilis.Get in touch with our news team by emailing us at&nbsp;.For more stories like this,&nbsp;.Share this withMore Stories

sharesThe boss of Admiral Insurance is giving staff a £10 million leaving present after stepping down.Chief Executive David Stevens, 58, will hand over £1,000 to full time staff while part time workers will pocket £500 as a thank you for their hard work.More than 10,000 staff including 3,000 overseas workers are set to receive the bonus.‘Their hard work and dedication has allowed&nbsp;Admiral&nbsp;to grow from a start-up to over 11,000 staff worldwide,’ said Mr Stevens.‘Saying thank you to all&nbsp;Admiral&nbsp;staff in this way is the right thing to do and I’m so proud and fortunate to...

public

Siba Jackson

The Metro is the United Kingdom's highest-circulation, print newspaper. It is published in tabloid format by DMG Media. The free newspaper is distributed from Monday to Friday (excluding public holidays and the period between Christmas Eve and New Year's Day inclusive) mornings on trains and buses, and at railway/Underground stations, airports and hospitals across selected urban areas of England, Wales and Scotland. Copies are also handed out to pedestrians. Metro is owned by Daily Mail and General Trust plc (DMGT), part of the same media group as the Daily Mail and The Mail on Sunday, but in some areas Metro operates as a franchise with a local newspaper publisher, rather than as a wholly owned concern.

https://en.wikipedia.org/wiki/Metro_(British_newspaper)

metro.co.uk

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Admiral Insurance boss gives staff £10,000,000 bonus after retiring

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS