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) creditors 50 cents on the dollar. Undeterred, Stephenson found a new site on West 27th Street, where in 1843 he started to develop a business which eventually covered 16 city lots. Streetcars continued to gain popularity, allowing Stephenson to prosper for the remainder of his life. It was not long before he had fully reimbursed all his creditors and became known as "Honest John Stephenson". From 1852 he put all his efforts into building streetcars of various types as their popularity extended to cities throughout the world including, for example, Port Elizabeth, South Africa, Bombay and Caracas. For many years,