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paper claims that Britain's worst-value boss last year was Rolf Stahel, the recently-departed head of the drugs group Shire Pharmaceuticals. Despite a fall online magazine in the firm's share price of more than 50 per online magazine cent over the past three years, Stahel was still deemed worthy of a 'golden goodbye' that included a one-off pension contribution of £4.3 million.Meanwhile Michael Bailey, chief executive of catering group Compass, received a £4.2m package in 2003, despite Compass's shareholders' returns falling by nearly a third since 2001.In third place is Sir Christopher Gent, who retired last year as chief executive online magazine of Vodafone, followed by Lord Browne, chief executive of BP and Sir Philip Watts, the ousted chairman of Shell.So, as David Schwartz pointed out, while nobody can be certain that high pay is a sign of corporate complacency and a hint shareholders are low on the company's priority list, it is certainly a signal to canny investors to put their money elsewhere.
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