Executive Paid £1m a Year by Government to Reduce Third World Poverty

The boss of a Government-owned company which aims to reduce Third World poverty was paid nearly £ 1million last year, it has emerged.
Richard Laing, the chief executive of CDC, received a total of £970,000 in pay and bonuses, while other senior executives at the company earned an average of £435,000.
CDC, which is wholly owned by the Department for International Development, uses private equity funds to plough money into poorer countries, mainly in Africa and Asia.

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