Fisher Funds defends 'super-salary'
Acrimonious disagreement over the circumstances surrounding the sale of DISL to Fisher Funds Management back in 2014 has left the two former directors battling it out in the High Court over the last week.
One former director, Norman Stacey, alleges that he was pressured into selling the financial advice firm significantly under market value.
He told the court he believes a Fisher Funds job offer to the other director, Vicky Watson, was the main reason for the pressure.
That job offer included a “super salary” and a “buy back” clause for Watson’s clients – which Stacey said were not disclosed to him.
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