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 (coachbuilder) Transportation. John Stephenson emigrated to the United States from Ireland with his parents, James and Grace Stephenson, when he was two years old. After attending public schools in New York City, he completed his education at the Wesleyan University in Middletown, Connecticut. At the age of 19, he became an apprentice to Abram Brower, the pioneer of the Broadway stage lines. Stephenson died at his summer home in New Rochelle, New York in 1893. In May 1831, Stephenson started his own business, the John Stephenson Company, on 667 Broadway where he built omnibus cars for Brower until a fire destroyed