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-   -   [Merged] Duffy to leave NTL (https://www.cableforum.uk/board/showthread.php?t=33606148)

Florence 11-01-2007 20:45
[Merged] Duffy to leave NTL
 
I had this link sent to me.

http://www.brandrepublic.com/bulleti...rly-next-week/

Quote:
LONDON - Simon Duffy, the NTL Telewest executive vice-chairman and former CEO, is expected to leave the media giant as early as next week with a £16m payoff.
His contract expires on January 15 and the cable broadcaster has said it will not renew his employment with the firm.

Duffy joined NTL as chief operating officer from Orange in March 2003, and was replaced as chief executive at NTL by Stephen Burch in December 2005.

Marge 11-01-2007 20:51
Re: Duffy to leave NTL
 
mmmm I was there twice as long as him and didn't get a fraction of the payoff he's getting :(

Derek 11-01-2007 21:14
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Debbie B (Post 34195813)
mmmm I was there twice as long as him and didn't get a fraction of the payoff he's getting :(
Ahh but he's managed to.... errrr.... it's on the tip of my tongue... I'm sure there is something...

Nope can't think of anything worthwhile he's done to deserve any kind of pay-off whatsoever let alone a multi-million pound one.

MovedGoalPosts 11-01-2007 21:17
Re: Duffy to leave NTL
 
Sorry I don't follow - contract expires? So why do they have to pay to not renew something that ended :confused:

snowey 11-01-2007 21:39
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Rob (Post 34195838)
Sorry I don't follow - contract expires? So why do they have to pay to not renew something that ended :confused:
:mad: Rob, I agree, I thought the Goverment were camping down on these over the top hand outs. :shocked: :shocked: :shocked: might even considering withdrawing from NTL,:disturbd: ..

Nedkelly 11-01-2007 21:49
Re: Duffy to leave NTL
 
What i nice pay off for what i wonder what did he do again nope i cant think:dunce:

Nikesh 11-01-2007 23:20
Re: Duffy to leave NTL
 
Quote:
£16m Pay Off
:omg: :Yikes:

Salu 12-01-2007 12:50
Re: Duffy to leave NTL
 
So now we know why he joined and didn't imprpove anything. Otherwise he would have been asked to stay....

ThePinkRat 12-01-2007 22:37
Re: Duffy to leave NTL
 
nice work if you can get it

Downloads 12-01-2007 23:15
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Rob (Post 34195838)
Sorry I don't follow - contract expires? So why do they have to pay to not renew something that ended :confused:
Because of the employment laws this Country has you can't just get rid of someone even if they are on a contract. If you have something like 1 or 2 (i think 2) years continuous employment you have to be offered redundancy. Strange i know but people on contracts almost have the same rights as someone in a permanent job.

I think strictly you only have to be given one week for every year you have worked, but only scrooge companies do that. Still, i wouldn't disagree that 16m is too much.

Edit: http://www.bbc.co.uk/radio1/onelife/...w_redund.shtml

Knew i wasn't talking rubbish!

kibblerok 12-01-2007 23:37
Re: Duffy to leave NTL
 
what's he done to warrant any kind of pay off?

Burch and Berkett are always going on about how ntl should move on from the mistakes made previously (ie when Duffy was in charge) and how they are now moving in the right direction :o:

Chrysalis 13-01-2007 00:12
Re: Duffy to leave NTL
 
Downloads that didnt apply to me, I have been on fixed term employment and was able to be simply not renewed (sacked) without compensation.

What has duffy achieved? and why is a company whom he couldnt get making a decent profit giving him 16 million? I have seen much lower bonuses goto successful execs.

Downloads 13-01-2007 00:15
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Chrysalis (Post 34196802)
Downloads that didnt apply to me, I have been on fixed term employment and was able to be simply not renewed (sacked) without compensation.

What has duffy achieved? and why is a company whom he couldnt get making a decent profit giving him 16 million? I have seen much lower bonuses goto successful execs.
How long were you employed for continuously and in what year was you your contract not renwed? They are very new laws i believe.

Nightman 13-01-2007 05:37
Re: Duffy to leave NTL
 
Until now I''d never heard of Simon Duffy! £16M sounds like a lot of money though! To what extent did he bring TV pictures into my flat?

I'm sure the two guys with the van and a set ladders who had to wade through the tangle of chopped off co-ax in the cabinet outside my flat would like, and deserve, a fraction of that obscene amount of money!

Chrysalis 14-01-2007 01:08
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Downloads (Post 34196805)
How long were you employed for continuously and in what year was you your contract not renwed? They are very new laws i believe.
this was about 8 years ago I think was 2 years of employment renewed annually.

TheNorm 14-01-2007 01:13
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Nightman (Post 34196883)
Until now I''d never heard of Simon Duffy! ...
You're not alone - for days I've thought this thread referred to Patrick Duffy...

http://upload.wikimedia.org/wikipedi...trickDuffy.jpg

Duke 14-01-2007 21:11
Re: Duffy to leave NTL
 
Talk about a waste of OUR money.
Why don't they make it more useful and upgrade our stuff faster.

Toto 14-01-2007 21:23
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Florence (Post 34195808)
One problem with that article is this:

Quote:
He is expected to leave with an undisclosed package of company shares and options, which could approach a value of up to £16m.
You can't have an undisclosed package the way in which the company is listed on the NASDAQ, I think the value they put on it is very speculative. There are a lot of rules and governance when dealing with financial matters, so I am sure Duffy's golden handshake will be in full view of the public when they announce Q1 results for 2007.

popper 14-01-2007 21:40
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Rob (Post 34195838)
Sorry I don't follow - contract expires? So why do they have to pay to not renew something that ended :confused:
because it was written into the original contract before he even steped through door on the first day.

these are CEO's and crew we are talking about, not your average worker, its the reason you end up with these shower-o-sh%ts keep popping up in all the high places.

keep an eye out and you can be sure he will already be lined up for another posting elswere with another fat contract probably already signed.

innovation ,not in their rule book, thats for the people you dont get to hear about or ever see in the boardroom.:(

and dont forget , its a good way to keep him quiet as to the (US backhanding?) dealings in the board room.

theres a reason you have old US style HD mpeg2 and not the growing UK/EU HD AVC and its nothing to do with being better, or in the long term good (exept perhaps boardroom spreadsheets).

Downloads 14-01-2007 22:49
Re: Duffy to leave NTL
 
Quote:
Originally Posted by Chrysalis (Post 34197387)
this was about 8 years ago I think was 2 years of employment renewed annually.
Yeah, i think the law only came in like last year or something.

Media Boy UK 15-01-2007 16:46
NTL announces Duffy’s departure
 
Simon Duffy, executive vice chairman of NTL Incorporated, has resigned from the company.

Duffy joined NTL in April 2003 as chief operating officer, going on to become president and chief executive officer in August 2003.

Appointed executive vice chairman in January 2006, he was involved in the refinancing process which led to the merger with Telewest, and the acquisition of Virgin Mobile last March.

Jim Mooney, chairman of NTL, said: “He has helped create a company which is well positioned to take advantage of the huge opportunities the digital age presents."

Virgin Media, the new re-branded name for the merged NTL:Telewest and Virgin Mobile companies, is expected to launch over the next month.

Mick 15-01-2007 16:54
Re: [Merged] Duffy to leave NTL
 
TVBoy - why did you delete your post - There was already a thread running on Duffy leaving to which I merged your thread with this one and you have now deleted your post. ???

Media Boy UK 15-01-2007 17:01
Re: [Merged] Duffy to leave NTL
 
Quote:
Originally Posted by Mick (Post 34198142)
TVBoy - why did you delete your post - There was already a thread running on Duffy leaving to which I merged your thread with this one and you have now deleted your post. ???
Sorry about that I was moving that post onto this page. and I was going to closed my page down.

Mick 15-01-2007 17:03
Re: [Merged] Duffy to leave NTL
 
Ok no probs. :tu:


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