Archive : Edwardes had £500,000 handshake from ICL

13 February 1985 Keith Adams 0

Sir Michael Edwardes the former BL chairman’s six month spell running computer group ICL was worth £500,000 (Clliff Feltham writes).

This is the amount he collected after ICL was taken over by electronics group STC, it was confirmed yesterday. Sir Michael stands to pick up another £468,000 under the terms of his contract if the group he now heads, Dunlop, is taken over by bidders BTR.

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Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.