Phoenix Venture Holdings collapse of the company. The report, which was only concerned with dealing with the directors and their actions while MG-Rover Group was still trading, revealed that the five executives involved took £42m in pay and pensions from the troubled firm before it collapsed. The report also commented on the personal relationship between Nick Stephenson and Dr Qu Li, who was paid more than £1.6m in the 15-month period up to April 2005 for consultancy services. Additionally, fellow Director Peter Beale was accused of installing a software application, Evidence Eliminator, which may have destroyed documentation relevant to the investigation. The investigators
John Atlantic Stephenson John Atlantic Stephenson John Atlantic Stephenson (born 18 June 1829) was a Tyneside businessman and poet and amateur artist in the latter half of the 19th century. He was best known for his recitations. Stephenson was born on Waterloo Day, 18 June 1829 in mid-Atlantic. He started work at Sowerby’s Glass Works, manufacturesr of fine decorative glass items, at Gateshead and later moved on to a responsible post as representative for John Rogerson and Co. (who it is believed were brokers and shipping agents) He was a founder member of the Bewick Club and held the post of honorary treasurer