Care Homes Chief Turns Down Pounds 500,000 Due When He Leaves

Summary


THE boss of failed care homes giant Southern Cross has said he will not accept a Pounds 500,000 payout when he leaves the company.

Chief executive Jamie Buchan was brought in two-anda-half-years ago to rescue the UK's biggest care homes provider but was forced to accept defeat when landlords rejected a plan to reduce rents across its 752 homes.

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Extract


Care Homes Chief Turns Down Pounds 500,000 Due When He Leaves

Darlington-based Southern Cross, the UK's largest care home operator with 31,000 residents, is expected...

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