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2. Hill's $150m payday
- Collection:
- Black Caribbean Literature (BCL)
- Contributers:
- Meikle,Ashford W. (Author)
- Format:
- Newspaper Article
- Publication Date:
- Feb 17-Feb 23, 2005
- Published:
- Jamaica, NY
- Location:
- African American Research Center, Library, University of Illinois at Urbana-Champaign
- Journal Title:
- The Weekly Gleaner
- Journal Title Details:
- p. 11
- Notes:
- A notice published by the Jamaica Stock Exchange in its daily stock market report on Tuesday, February 8, advised "on December 17, 2004, AIC Barbados Limited transferred 6,274,263 shares in National Commercial Bank Jamaica Ltd. to Mr. [Aubyn Hill]." The disclosure by the JSE contradicts previous reports published elsewhere in the print media which suggested that the former NCB executive had collected a settlement amount of between US$750,000 and US$1 million. It is clear that, excluding NCB's board and Mr. Hill, no one knows for sure what were the exact terms of the settlement at the negotiating table.