David McNally resigned. Why the hell was he

Therefore paid £1.3 million for "loss of office" on top of his £800k salary.

And also I hope that extra £90k paid to Directors was to the acting CEO and not to a certain new Director.

Posted By: Jim on October 29th 2016 at 08:32:52

Message Thread

David McNally resigned. Why the hell was he (NCFC) - Jim, Oct 29, 08:32:52
- Would have been in his contract presumably, rather than a decision taken at time of his de (n/m) (NCFC) - Azteca, Oct 29, 08:51:40
  - Departure (n/m) (NCFC) - Azteca, Oct 29, 08:51:52
- mcbonus got pay off despite relegation - ridiculous (NCFC) - pab, Oct 29, 08:40:09
  - He resigned before relegation (n/m) (NCFC) - Charles21, Oct 29, 09:53:17
    - & Roeder was never in the bottom 3 (n/m) (NCFC) - samcd84, Oct 29, 12:50:18
- At least he left us in a much better financial state than what he inherited (NCFC) - Hit Squadie, Oct 29, 08:36:35
  - The point was why was he paid for resigning (NCFC) - SCC 28, Oct 29, 08:41:50
    - Would it be provided rata bonus for the percentage of the year he was here? (n/m) (NCFC) - Pixelman, Oct 29, 08:56:25
      - accounts state £nil "under long-term incentive scheme accrued in previous years" (n/m) (NCFC) - Ralf Scrampton, Oct 29, 10:49:50
    - They obviously agreed some sort of "mutual consent" arrangement after (NCFC) - Jim, Oct 29, 08:42:38
      - Hardly a shambles (NCFC) - SimonOTBC, Oct 29, 09:01:44
  - He also left us relegated and with a bang average manager. He should not (NCFC) - Jim, Oct 29, 08:40:32
    - All our managers are bang average, some have success while they are here (NCFC) - watfordcanary, Oct 29, 10:01:40
    - he resigned a week or so before we were officially relegated - no coincidence (NCFC) - pab, Oct 29, 08:48:27
      - his contract terms would have paid him out a lot less after relegation was confirmed (n/m) (NCFC) - pab, Oct 29, 08:56:04
        
        very much doubt it, probably the other way around (NCFC) - CWC, Oct 29, 09:36:59
        
        no, i meant to include the word 'probably' (n/m) (NCFC) - pab, Oct 29, 09:01:20
        
        Are you an expert in the remuneration of executives? (n/m) (NCFC) - SimonOTBC, Oct 29, 09:03:26
        
        Don't think much expertise is required (NCFC) - SCC 28, Oct 29, 09:08:49
        
        That's a different question (NCFC) - SimonOTBC, Oct 29, 10:29:50
        
        It's not, you're right. Executive remuneration sticks in the craw (NCFC) - Azteca, Oct 29, 10:34:55
        
        Seen it have you? (n/m) (NCFC) - Azteca, Oct 29, 08:59:34
      - He shouldn't get anything. (n/m) (NCFC) - Jim, Oct 29, 08:50:29
        
        Contract is a contract (n/m) (NCFC) - loz, Oct 29, 08:54:31
        
        Yes but whoever negotiated a contract that provided for such a payment in such (NCFC) - Jim, Oct 29, 10:03:13
        
        Very good. Except you don't actually know the details of the payment (NCFC) - SimonOTBC, Oct 29, 10:26:47
        
        it's a very standard concept (NCFC) - CWC, Oct 29, 10:22:40
        
        I'm not in a tizz about it - obviously there will be a reason we agreed to pay it but (NCFC) - Jim, Oct 29, 10:45:19
        
        It certainly reads like you're in a tizz. (n/m) (NCFC) - lurd, Oct 29, 11:02:35
        
        Right (n/m) (NCFC) - Jim, Oct 29, 10:45:34
        
        And we'll get a tax deduction for it too (NCFC) - SimonOTBC, Oct 29, 10:34:44
        
        fat cat is a fat cat (n/m) (NCFC) - SCC 28, Oct 29, 09:07:42
        
        You got the skill set then you got the skill set (n/m) (NCFC) - loz, Oct 29, 09:13:50
    - 2 consecutive Prem relegations too (n/m) (NCFC) - SCC 28, Oct 29, 08:42:32
      - And also promotions of course (n/m) (NCFC) - Bravo win or die, Oct 29, 08:58:31
        
        There's only one division that we spent consecutive seasons in during mcnally's time here (NCFC) - SimonOTBC, Oct 29, 09:05:27
        
        But he resigned upon 2 Prem relegations (NCFC) - SCC 28, Oct 29, 09:12:07
        
        That's a sensible point (NCFC) - SimonOTBC, Oct 29, 09:27:49
        
        Usually it's payment in lieu of notice period isn't it? (NCFC) - Jim, Oct 29, 10:28:49
        
        Wasn't he on a 12 month rolling contract? (NCFC) - SimonOTBC, Oct 29, 10:31:24
        
        I don't know, he was clearly on a very lucrative contract (NCFC) - Jim, Oct 29, 10:42:06
        
        I don't think running a football club is as easy as you think (NCFC) - SimonOTBC, Oct 29, 10:47:01
        
        Running a football club is really easy.... (NCFC) - usacanary, Oct 29, 12:51:27
        
        It's not generally a shambles no. But I do think the contractual arrangements that led to (NCFC) - Jim, Oct 29, 10:53:49
        
        You'd be the first to complain if we took a stance (NCFC) - Azteca, Oct 29, 10:58:12
        
        LOL McNally was one of the highest paid in the premier league (n/m) (NCFC) - SCC 28, Oct 29, 11:18:53
        
        I was referring to the inclusion of a Golden Goodbye in the contract (n/m) (NCFC) - Azteca, Oct 29, 12:02:02
        
        I'm sure that reflected his monster salary (n/m) (NCFC) - SCC 28, Oct 29, 12:18:56

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