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Network Rail Bosses Criticised Over Bonus Payouts.

 
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Fri Jun 25, 2010 6:42 am    Post subject: Network Rail Bosses Criticised Over Bonus Payouts. Reply with quote

After the budget and cutting costs this is disgraceful - although it's a private company and partly funded by the Government. These guys should have thought twice. Also Iain Coucher the Chief executive who resigned from his post earlier this year is greedy.

http://news.bbc.co.uk/1/hi/business/10403255.stm
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SantaFefan



Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk

PostPosted: Fri Jun 25, 2010 8:44 am    Post subject: Reply with quote

Quote:
Network Rail chairman Rick Haythornthwaite, defended the payouts, saying the bonuses were "only rewards for success".


and there was me thinking that's what wages are for..

It is wrong in my opinion.. why do these bonuses have to be so big?? it's not a bonus, it's potentially a life changing windfall.
and if they are doing so well as to be able top pay these incredible sums, why do they need to rely on public funding?
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ColinB
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PostPosted: Fri Jun 25, 2010 11:04 am    Post subject: Reply with quote

SantaFefan wrote:
Quote:
Network Rail chairman Rick Haythornthwaite, defended the payouts, saying the bonuses were "only rewards for success".


and there was me thinking that's what wages are for..


True. Somehow, I can't see the guys working the lines in the middle of the night being given such "rewards for success" for getting the maintenance done on schedule and at minimum disruption.

Still, that's the way it was intended when darling Maggie privatised it all so perhaps that's the way it has to be.
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Lord Evan Elpuss



Joined: 10 Dec 2006
Posts: 3417
Location: Cloud Cuckoo Land

PostPosted: Fri Jun 25, 2010 2:21 pm    Post subject: Reply with quote

ColinB wrote:

Still, that's the way it was intended when darling Maggie privatised it all so perhaps that's the way it has to be.

It certainly will be while these creatures are in situ: http://www.pictogame.com/en/play/game/YrzKQDdHkr7w_dangerous-dave and his oily sidekick: http://www.pictogame.com/en/play/game/TDIhrdT8Ytg8_oily-osborne And as for the character who installed that shower there, there's no better place for him than here, in my opinion of course! http://www.pictogame.com/en/play/game/cDrONlI2y7Zp_the-devil-s-new-mate
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Fri Jun 25, 2010 8:36 pm    Post subject: Reply with quote

ColinB wrote:
SantaFefan wrote:
Quote:
Network Rail chairman Rick Haythornthwaite, defended the payouts, saying the bonuses were "only rewards for success".


and there was me thinking that's what wages are for..


True. Somehow, I can't see the guys working the lines in the middle of the night being given such "rewards for success" for getting the maintenance done on schedule and at minimum disruption.

Still, that's the way it was intended when darling Maggie privatised it all so perhaps that's the way it has to be.


Thats the answer! " The Way it has to be? No thats not the way it has to be. These guys should think about providing a service for the customer, not too see how much money they can collect to build their own little empire. He'll only move onto another big bonus job and milking them. Thats what they do. Hopefully this will give a message to other bosses who are entitled to big bonus. Don't except it only causes outrage.
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ColinB
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PostPosted: Fri Jun 25, 2010 9:40 pm    Post subject: Reply with quote

mark occomore wrote:

Thats the answer! " The Way it has to be? No thats not the way it has to be. These guys should think about providing a service for the customer...


It's not down to them. It's controlled by the regulatory system.

mark occomore wrote:
...not too see how much money they can collect to build their own little empire.


They don't have the power to do that ad hoc. Again, it's controlled by the regulatory system.

mark occomore wrote:
He'll only move onto another big bonus job and milking them. Thats what they do. Hopefully this will give a message to other bosses who are entitled to big bonus. Don't except it only causes outrage.


If it's in an executive's contract that they qualify for a bonus of X if the business achieves a given target, then it would be breach of contract not to honour it.

However, whether such agreements will be entered into under the new "Call Me Dave" Premiereship remains to be seen.
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