Hints and tips:
...Apollo has a consultancy contract with Adam Applegarth, the former Northern Rock chief executive....
...The fund raised $220m (£134m) at $1 a share when it joined Aim in July 2007, and had $169m of uninvested cash at the end of August....
...The latest battle is at JSM Indochina, which raised £135m to invest in the emerging property markets of Vietnam and Cambodia back in July 2007....
...Numis Securities is the nominated adviser to JSM....
...Vince Cable, Liberal Democrat Treasury spokesman, said at the time that Mr Applegarth’s package was “outrageous”. He added: “This is a straightforward reward for failure.”...
...Mr Applegarth said that the bank had also looked at whether it could access liquidity from the European Central Bank through its small Irish savings business as part of the options it looked at after the...
...However it is understood that it would retain Bryan Sanderson as chairman, but replace Adam Applegarth as chief executive....
...Mr Sanderson, 67, said he had made no decisions yet on changing board members or the existing management team, which includes Adam Applegarth, chief executive....
...The share price fall came as Northern Rock’s chief executive Adam Applegarth and Matt Ridley, chairman, prepared to face a grilling on Tuesday from MPs about why it came so close to the brink of collapse...
...But Adam Applegarth, chief executive, said nothing could have been done to prevent the crisis and pointed the finger at the Bank of England, which refused to follow the US Federal Reserve and the European...
...One option being considered is whether the management, led by Adam Applegarth, could use the funding to stabilise the company....
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