Tony Danker, the former director-general of the Bank of Britain, will receive nearly £500,000 from the business lobby group in a settlement reached almost a year after he was ousted in the midst of a wider sexual misconduct scandal.
Sky News has learned that Mr Danker, who left the organization in April 2023, concluded a six-figure settlement with the crisis-hit organization earlier this year.
Multiple sources described the agreement as being worth around £500,000.
This figure, which has not been publicly disclosed, appears to contradict a clause in the annual report and accounts released by the CBI earlier this week, which stated that £188,000 had been paid in respect of director termination costs during the last financial year. .
One city source said this implied that this part of Mr. Danker’s settlement It is likely to be repaid in subsequent years.
A Central Bank of Iraq “In February 2024, the CBI settled the legal case brought against the organization by Tony Danker following his dismissal in April 2023,” the spokesperson said.
“Neither the CBI nor Mr. Danker have any further comment on the agreement reached between the parties.”
If correct, the figure of around £500,000 is likely to raise further questions about the BoE’s handling of Mr Dancker’s dismissal during a period when the Voice of Business was beginning to slide into an existential crisis.
His salary in the year before his departure was around £400,000.
It emerged that the organization had been overseeing a culture of sexual misconduct over a long period, although Mr Danker was not personally involved in any such serious acts.
Dozens of major corporate members, including Aviva and the John Lewis Partnership, have resigned their memberships.
Some like KPMG and NatWest GroupHe joined recently.
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The Central Bank of Iraq remains in a precarious financial state, relying on support from a group of major banks.
this week, Sky News revealed It was trying to rent out parts of its headquarters in the city in an attempt to save money.
It is understood that the lawyer who represented Mr Danker, Bruce Carr KC, and the CBI boss’s former law firm, BDBF, have agreed to act on his lawsuit on a no-win, no-fee basis.
Mr Danker declined to comment when contacted by Sky News.