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Ashton To Get £500,000 In Compensation.
Topic Started: Nov 23 2006, 08:59 AM (67 Views)
whistleblower
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Provident chief to depart after 'a tough five years'
By Katherine Griffiths, City Correspondent Last Updated: 1:37am GMT



Doorstep lender Provident Financial is parting company with its chief executive - Robin Ashton - after setbacks in Eastern Europe and losses at its car credit business Yes Car.

Mr Ashton, who has been chief executive since 2001 and worked for Provident Financial for 23 years, will leave at the end of the year. He will not be replaced, as the company is about to split in two, and will receive about £500,000 in compensation.

www.telegraph.co.uk



<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top">
<img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a>

Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see
<img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>

Posted Image
<FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT>

Are you having problems with Yes Car Credit or a debt collection agency?
Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:
.

James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99
watchdog@bbc.co.uk or telephone - 020 8535 1000
******************************************
Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability.
Use your own judgment. Seek advice of a qualified insured professional if you have any doubts
******************************************
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jenni
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makes me so cross! realmad

maybe provident should think about splitting that compensation between all the people it has treated so badly rather than making the fat cat fatter

<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top">
<img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a>

Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see
<img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>

******************************************
Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability.
Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
******************************************
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whistleblower
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I agree Jen, Provident are crazy, Ashton makes the biggest mistake in Providents history in buying Yes, it's costs them millions as we all know, Vanquis Credit card is at an all time low, and the Hungary operation has been suspended by the Hungary FSA due to more Provident errors.

After all these censored up's he has made, they then reward him with a half a million pound pay off thum

I have a feeling that no one will be knocking on his door offering him a job :lol:

Good Riddence I say nod
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top">
<img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a>

Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see
<img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>

Posted Image
<FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT>

Are you having problems with Yes Car Credit or a debt collection agency?
Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:
.

James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99
watchdog@bbc.co.uk or telephone - 020 8535 1000
******************************************
Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability.
Use your own judgment. Seek advice of a qualified insured professional if you have any doubts
******************************************
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