National Audit Office (NAO) critical of governments privatisation of the defence firm Qinetiq

While the report states that the taxpayers could have gained ‘more money’ from the deal, perhaps tens of millions more.
“The value of the shares of the top 10 managers was £107 million at the time of the flotation, from an initial investment of £537,250.” This is a cool 19,990 % return on their investment, nice work if you can get it.
“we consider that the returns in this case exceeded what was necessary to incentivise management to deliver this growth in the value of the business.”