News and Views from Scotland

Tesco's Scottish Taxi Titan Takes To the Road

Benny Higgins, the Scottish CEO of Tesco Bank, is firmly in the first division, with a salary in excess of 2million

An intriguing glimpse into his working life has come via the leaking of his expense claims. The claim includes an impressive spend of 18,000 in taxi fares, clocked up over a mere eight months.

The taxi fares include trips to the opera, clubs and a string of mouthwateringly appealing restaurants.

One trip was of less than five miles to the Victoria and Albert Museum. Not sure how that came to 389.85 which possibly includes a good tip.

Mr Higgins lives in Edinburgh but spends about half the week in London where he has a company flat.

His favoured London restaurants appear to be Roka, which serves Japanese style cuisine , Gordon Ramsay's Bread Street eaterie and La Poule au Pot in Belgravia

Mr Higgins is known to quote the last version of 'The Road Not Taken ' By Robert Frost

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I -
I took the one less travelled by,
And that has made all the difference.

The revelation gives us an insight in what roads Mr Higgins has travelled and the cost of so doing. A very individualistic man, but possibly one who has upset colleagues, although the source of the expenses leak remains a mystery.

Before joining Tesco Bank, Benny served as Chief Executive Officer, Retail Business of HBOS Plc. While with The Royal Bank of Scotland he led the successful integration of NatWest Retail Banking within RBS, the largest single merger in UK banking for some time.

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May 2016

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