During the early 1990s Richard Carr was a regular on the front page of the Evening Echo as a result of his business ventures. In late October in 1991, he was pictured on the front page under the headline ‘Tycoon gets £163,000 rise’.
“I’m worth every penny”
Was Richard Carr’s response. Described as a flamboyant local business tycoon, the paper reported that his pay rise took his annual salary from £99,000 to £262,000.
Richard, who are the time was running his self-made business Allied Leisure, left school without a single O-level and went on to run a major public company employing over 1,000 people.
He defended his pay rise, telling the Echo: “I am very good value and worth every penny. I am not in the slightest bit embarrassed about the rise.
“Company executives in this country are grossly underpaid. I believe in paying people well and that goes for all my directors and staff.”
Entertainment company announces 20% profit increase
Richard Carr in the Archives
Despite announcing 20% profit increases, Richard Carr explained that the rise was below expected at the time and that plans to expend the business into Germany have been shelved for the moment.
Allied Leisure, which ran a ten-pin bowling alley, nightclubs and theme pubs, including the Tower Park complex in Poole, revealed pre-tax profits of £3.1 million compared to £2.6 million the previous year, a 19% rise.