Damn stupidity

Even in a sector accustomed to generous salaries, Sir Chris Hohn’s pay packet is something remarkable.

No.

According to a Companies House filing, Hohn, a former boss of Rishi Sunak, the chancellor, and a prominent value-based investment fund manager, collected the pay in dividends from TCI, the hedge fund he established in 2003, after a 66 per cent rise in pre-tax profits to £499 million.

As it’s dividends not a salary then it’s not a pay packet nor a salary, is it?

4 thoughts on “Damn stupidity”

  1. I can’t access the Guardian For Higher Rate Taxpayers, but a quick google reveals that CEO magazine doesn’t understand the difference between salary and dividends either.

  2. off topic but it seems Spud has been invited to appear on the Jeremy Vine show on BBC Radio 2 tomorrow (no doubt to rubbish the budget) Anyone wanting to question the merit of inviting on someone currently claiming the government’s ‘delayed gap’ vaccine policy is a ‘democidal’ policy which will result in the deaths of half a million people might want to drop an email to [email protected]

  3. If a person chooses to take part of his pay in shares does that mean it isn’t part of his pay any more?

  4. You can call it a dromedary for all I care, but it’s quite a heap of money.

    I blame his customers.

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