INSURANCE outsourcer Quindell Portfolio doubled the amount it paid to its top executives last year, according to its annual report.
The fast-growing company gained headlines last month when it announced a 915 per cent rise in year-end pre-tax profits, only to watch as its share price halved following questions over the structure of a takeover deal.
Chairman and chief executive Rob Terry took home a total of £890,000, up from £407,000 in 2011. His basic salary jumped from £114,000 to £402,000 and he enjoyed a £488,000 bonus.
Financial director Laurence Moorse received a total package worth £342,000, up from £130,000.
Yesterday Quindell said pay was decided by an independent committee and reflected the group’s results.