Greensill Capital paid David Cameron salary of over $1 million a year -FT

Posted on
FILE PHOTO: Former British Prime Minister David Cameron leaves his home, as investigations continue into the collapse of Greensill Capital and his failed attempts, as a Greensill employee, to persuade the British Treasury and the Bank of England to include the firm in the UK’s COVID rescue programmes, in London, Britain May 13, 2021. REUTERS/Hannah McKay

(Reuters) – Collapsed finance group Greensill Capital paid a salary of more than $1 million a year to former British Prime Minister David Cameron, the Financial Times reported on Monday, citing people familiar with the matter.

Cameron received the salary for his part-time advisory role, which included an attempt to secure government funds for the ailing company, the newspaper said on.ft.com/3e9SvUf.

Cameron was contracted to work 25 days a year as an adviser to the board and earned the equivalent of more than $40,000 a day, according to the newspaper.

Source: Read Full Article

Markets