Daily Mail

£ IN THE MONEY

- David Lockwood, 55 Chief executive, Cobham

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’.

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