At last, the annual report of AIM Cesspit listed Quindell PLC is out this morning. This is the company that said it had raised £17.5 million in November but er.. had not actually raised the cash. Its CEO is the twitter and share price obsessed Mr Rob Terry. I have not had time to dig deep, but a few things stick out – one of which is Mr Terry’s remuneration. I guess he is paid a bonus related to how many tweets he sends?!
Terry is well rewarded. His basic pay in 2012 was £402,000 and he got a cash bonus of £488,000 making a total of £890,000 up from £407,000. Inflation busting or what?
In addition, there is a note saying that Quindell made sales of £7,000 but bought goods and services totalling £99,000 from Indoor Golf City Limited, a company controlled by twitter obsessed Bob. Indoor Golf City?