The Phoenix four - John Towers, Nick Stephenson, Peter Beale and John Tower

A report into the collapse of carmaker MG Rover will say that five executives took £42m in pay and pensions from the troubled firm.

Independent inspectors said the men behind the takeover and the executive they appointed enriched themselves as Rover headed for insolvency. BBC.

So the scum that ran the company burnt through a £427 million loan from BMW and over 6,500 jobs meanwhile they paid themselves an immoderate £42 million. Still it’s nice to know they haven’t broken any laws

The four executives in control of MG Rover, the so-called Phoenix Four, have always denied any wrongdoing.

According to the report by Gervase MacGregor of accountants BDO Stoy Hayward and Guy Newey QC, MG Rover chairman John Towers, ex-vice chairman Nick Stephenson, Peter Beale and John Edwards received around £9m.

Their chief executive, Kevin Howe, is said to have taken £5.7m. BBC.

The workers shafted yet again by shameless bosses – nothing has changed.