Heads of UK's MG Rover set for big payouts -report

Newswire

LONDON, May 31 (Reuters) - The four businessmen behind British automaker MG Rover stand in line for payouts of more than 1.75 million pounds ($3.2 million) each, the Financial Times reported in its Tuesday edition. The report said John Towers, Peter Beale, John Edwards and Nick Stephenson had made substantial gains from the former finance arm of MG Rover. It said they had been paid another 100,000 pounds each by the company they set up to take on MG Rover's leasing business. They stand ...

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