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 Stephenson Company John Stephenson Company The John Stephenson Car Company was an American manufacturer of carriages, horsecars, cable cars, and streetcars, based in New York City. It was founded by John Stephenson in 1831. John Stephenson invented the first streetcar to run on rails, building this in 1832, for the New York and Harlem Railroad. A reorganization in 1867 included shortening of the company's name to the John Stephenson Company. In the latter part of the 19th century, the company was a major builder of streetcars, constructing some 25,000 cars in the period 1876–1891 alone, including ones for export. Its customers included