Beleaguered chief executive in �500,000 Town Hall pay-off’
TOWN Hall bosses are paying out what is expected to be a six-figure sum to their chief executive Martin Smith after a financial settlement has been reached with his union. It follows a dispute between council leader Lutfur Rahman and Mr Smith at Tower Hamlets which led him to seek help from his union
TOWN Hall bosses are paying out what is expected to be a six-figure sum to their chief executive Martin Smith after a financial settlement has been reached with his union.
It follows a dispute between council leader Lutfur Rahman and Mr Smith at Tower Hamlets which led him to seek help from his union.
Nearly two weeks after the reported dispute, councillors are still waiting for an official explanation about what led to the fall out.
There have been secret negotiations for days between the Association of Local Authority Chief Executives and the council.
You may also want to watch:
DEAL CLOSE
An Opposition insider said earlier: “I’ve heard that a deal is closed to being reached and that’s expected to be �500,000 including his pension contributions.”
Most Read
- 1 Isle of Dogs man who murdered teenager at Crossharbour DLR sentenced to 27 years
- 2 Man charged after triple stabbing on night bus in Mile End
- 3 New pizza restaurant opening with drag and disco party
- 4 Man killed after fall from Bow tower block
- 5 Why TfL won't restart the night tube on Jubilee line just yet
- 6 19 arrested and cash seized in East End dawn drug raids
- 7 14 charged with alleged drug dealing and money laundering offences
- 8 Hundreds arrested after police crackdown on county lines
- 9 Rabina Khan: 'We need powers to hold housing associations accountable'
- 10 Police officers save lives in two sperate emergencies on same shift
Union spokesman Alastair Robertson told the East London Advertiser this evening: “A financial settlement has been agreed in principle with fine print still has to be tidied up.
“Martin will be on special leave because they don’t want him back at the Town Hall. His employment will finish early July.”
The exact pay out’ agreed has not been disclosed. But the union said the maximum would be twice Mr Smith’s salary, plus possibly the salary of the notice period.
This deal is expected to be at the higher end of the scale, according to Mr Robertson, who is chief executive himself at Watford Council. It is believed Martin Smith earns around �175,000 a year.
