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Adam Applegarth



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4Vote!

Bankers think it’s all over. Time to think again

A long, long time ago — two years ago to be precise — there lived some baddies with names like Adam Applegarth and Fred Goodwin, who almost destroyed the country. But that’s all history now, or rather just a “story”, as David Hare calls his new play, The Power of Yes, about the global financial meltdown.

7Vote!

Beware: the Banking Bubble is Back

House prices are back up, share prices are back up. Even Adam Applegarth, the CEO who led Northern Rock to disaster, is back at work in financial services. Welcome back to life in the bubble. Crisis? What crisis? Leona Helmsley made herself an outcast by declaring that “taxes are only for little people”. For bankers, crises [...]

4Vote!

Congratulations To Adam Applegarth

The chief executive who brought Northern Rock to the point of ruin has secured a position with Apollo Management, founded by Leon Black - sometime close associate of Michael Milken .

4Vote!

Taxpayer rip-offs in UK

Dear Editor: We learn today that the 'Phoenix Four' paid themselves some ?40M after accepting taxpayers money and before putting Rover into liquidation. To see in black and white what we already knew has cost the taxpayer a further ?19M. So after these four rouges then a bunch of accountants and lawyers have lined their pockets at our expense the result is that the four will be deprived of being a...

3Vote!

2 years ago today…

...was, according to Adam Applegarth, the year the world changed. It was 2 years ago today that the runs started on the Northern Rock. Can you believe that was two years ago? Blimey it still only feels like just last year. That of course seems to be the day that most pin point as the banking crisis start point..here we are two years later and still having the tug and pull of the bonuses versus bank...

5Vote!

Why top salaries keep going up

If you were born in 1954, as I was, it is bad enough to start feeling your age. It is even worse when you begin to identify with people for whom D-Day is still a vivid memory. But that is exactly how I felt at dinner last week, when I met a man with a plan for a baffling new career. His mission is to become a Global Remuneration Planner, news that I greeted with the same sort of sympathetic understanding...

1Vote!

Former Northern Rock boss Adam Applegarth's £900,000 golden goodbye

The disgraced former boss of Northern Rock received a 'golden goodbye' of nearly £900,000, accounts revealed yesterday.

1Vote!

Former Northern Rock boss Adam Applegarth walks away with extra £109,000 as lender's repossessions soar 63%

The disgraced former boss of Northern Rock received a 'golden goodbye' of nearly £900,000, it emerged today. Adam Applegarth walked away with a year's salary of £760,000, despite bringing the 158-year-old lender to the brink of collapse.

4Vote!

Former Northern Rock boss Adam Applegarth walks away with extra £100,000 as lender's repossessions soar 63%

Former Northern Rock chief executive Adam Applegarth was given a £109,000 pension top-up last year to help fund his future £305,000-a-year pension, it has emerged today.

7Vote!

Unemployment benefit - NRK style

We haven't heard much about Adam Applegarth, the man who destroyed Northern Rock as a viable private financial instititution. He is back in the news today. He is having some difficulty finding new work. Normally, this would be a personal tragedy, but according to his termination package, this translates into a huge increase in his pension entitlement. From today's Times ..... Adam Applegarth, the disgraced...

3Vote!

Sponsorships: Threatening Brands?

What is the link between financially strapped companies and expensive sporting tie-ups'Back in 2004, in an earlier, more innocent age, Northern Rock was proud to spend £25m on sponsoring Newcastle United FC. Northern Rock chief executive Adam Applegarth looked ahead...

5Vote!

No legal action against Rock chief

Northern Rock has said it will not take any legal action against Adam Applegarth, who led the mortgage lender to the brink of collapse, and confirmed it is well ahead of schedule in efforts to pay off emergency loans provided by the government.

1Vote!

Northern Rock to Sponsor the London Olympics

Londoners jump for joy as pressure on their council tax is lightened with today's announcement from reinstated CEO Adam Applegarth. Applegarth stated that the company needed to re-establish its identification and best way was to invest shareholders money in the biggest lost leader it can find. It is thought the donation could be as much as £100 million with the new loan from the Bank of England....

7Vote!

Summer Lightning

It is nearing the end of June . It is Midsummer . Lord Emsworth, if he were still with us ,would be admiring his pigs and dreading the forthcoming Garden Party... A lot has happened since this time last year , especially in the financial world ... Let's just recall. Adam Applegarth , CEO Northern Rock (who had bailed out of his shareholding (32.7Mn) in Northern Rock completely in January 2007)

1Vote!

The £63,000-a-month cricketer: Ex-Northern Rock boss relaxes as he contemplates how to spend his 'golden goodbye' payout

Deep in concentration and wearing a broad smile, former Northern Rock chief Adam Applegarth relaxes during a game of cricket.