Yes, it’s bonuses all round to the fat controllers. I hope this provokes some outrage, but the general level of cynicism about our rail network is so pervasive that most will no doubt just shrug:
Network Rail awarded huge bonuses to its directors yesterday despite announcing that they had failed to meet any targets for train punctuality and had made an annual loss of £1.1 billion.
The company, which is subsidised by the taxpayer and is responsible for Britain’s tracks, signals and stations, said it had given its five executive directors bonuses equivalent to 24 per cent of their basic salaries. This was despite almost one in five trains running late.
John Armitt, the chief executive, will receive a bonus of £112,320 on top of his £468,000 basic pay. His deputy, Iain Coucher, gets £99,840 in addition to his £416,000 wage.
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