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.”