Private but public funded, Network Rail issues Bonuses
-
-
- Mcellie
- added this
http://news.bbc.co.uk/1/hi/business/10403255.stm
Criticism over the running of Network Rail is slowly on the increase, with reports on the high scale bonuses at the company which stated as a private company (outside public eye) yet receives its money from the public.One of the most interesting publications reporting on what's happening at Network Rail is Private Eye, which claims number of issues like senior staff pay, sexual harassment and the Labour MPs that set up the private/public aspects of the company
Today the new transport secretary Philip Hammond criticised the bonuses for top executives at the company.
"Outgoing chief executive Iain Coucher gets a £641,000 bonus, giving earnings of £1.45m, up 53% from last year when he gave up part of his package....The transport secretary called for the upcoming review of the management incentive plan to be far reaching and fundamental."-BBC
"Network Rail's top bosses are to get bonuses totalling £2.25 million despite Government calls for restraint."-The Mirror
-
- groups:
- Community, News and Politics
-
- tags:
- Government, UK News, Deficit, Bonuses, 2 more
