Balita Pinoy - OFW News, Services & Information The GoStats counter provides stats for your site.

Free Classified Adverts Balita Pinoy News OFW News Immigration News Philippines News Mausisa Mindanao Cross Property Philippines Foreclosed Properties Nursing & Care Vacancies Domestic Workers Vacancies Motoring Humor Site Map Dolphin Care Study In Canada OrbitRemit Bison UK Alcantara Immigration Consultancy Migration Lawyers Motoring News Missing Persons Contact Free Filipino Classified Adverts

Former Southern Cross Bosses Made A Fortune: But Residents & Staff Are Left To Bear The Results

5 Jun 2011

The man behind the controversial U.S. firm that made £640million from embattled Southern Cross Healthcare (SCH), Stephen Schwarzman, the billionaire boss of private equity firm Blackstone, has a personal property empire worth £77million. 

Graham Sizer, former chief financial officer of SCH sold his shares for £7.9million in December 2007. 

Chairman William Colvin made £6.6million selling shares on the same day in 2007 as Mr Sizer.

John Murphy, the chief operating officer, also upgraded his property that year to a £500,000 detached home in Troon, Ayrshire.

Chief executive Philip Scott, made £11.1million selling all his shares on the same day in 2007. The share price then was 550p but is now just 6.3p.

UK paper the Mail's Sharon Churcher & Matt Sandy have revealed the property empires of former SCH tycoons.

Click to read the full details in the Mail


Posted at: 11:15 AM | Add Comment RSS | Digg! | del.icio.usdel.icio.us

Add Comment

Your Name: (Required)
Comment:

Please enter the 4 to 6 character security code:

(This is to prevent automated comments.)