Newly floated Bridgepoint will also pay M&S chairman £200,000 a year in remuneration for role
The chairman of Marks & Spencer, Archie Norman, has received a fee of £1.75m to join the board of Bridgepoint, the newly floated private equity company.
Bridgepoint only revealed the large payments to Norman and other new directors on Wednesday deep into a prospectus document detailing the company’s initial public offering (IPO), which has taken advantage of huge demand for private equity investments despite its controversial business model.
