£ IN THE MONEY
COBHAM boss David Lockwood got an extra £394,000 for a new house near its HQ.
The 55- year- old agreed to live in Wimborne, Dorset, and compensation for relocating included £203,000 for stamp duty, £177,000 for tax and £ 7,000 for his removal fees.
His total pay package last year, his first full year, was £2.1m, including a bonus of £840,000. The board said the relocation package was justified due to a ‘significant improvement in senior leadership’.