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Ex-West Brom boss nets 520k

<div>THE ousted chief executive of West Bromwich Building Society, Stephen Karle, trousered a &pound;520,600 pay-off last year, including an &pound;82,000 bonus, despite presiding over risky lending that almost led to its collapse.<br /><br />Karle&rsquo;s total pay package for the seven months until his sudden departure in October was &pound;686,600 and he is also entitled to a pension of &pound;95,000 a year once he hits 65.<br /><br />West Bromwich fell to a &pound;48.8m pre-tax loss last year on &pound;66m of bad debts and was perilously close to collapse before the government came up with a rescue plan.</div>

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