Being deputy chair of the BBC is a thankless task with a relatively paltry pay packet, so it’s fortunate the current incumbent has something to fall back on.
Sir Damon Buffini, who has held the role for the past three years, has just filed the latest accounts for Saffie Investments, his investments vehicle – and it shows a healthy £32.3 million in assets.
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The firm, which the founding partner of asset manager Permira set up in 2016, is reported to hold £26 million in investments and £6.2 million in cash as of April this year. Its retained earnings rose by £2.2 million, while the accounts showed the purchase and sale of £40.7 million in investments over the period reported. It retained £18.2 million in shareholder funds after accounting for bills and a downturn in its fair value reserve.
It all means the firm which Buffini co-directs and co-owns with wife Lady Deborah and other family members rose in value by £567,000 over the previous year.
It’s a long way from the salary of a BBC deputy chair, for which the businessman receives £38,000, £33,000 as a non-executive director and an additional £5,000 as chair of the Beeb’s Commercial Board. At least he can think about his other earnings next time he’s dealing with another inevitable BBC scandal!
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