observer Posted February 4, 2012 Report Share Posted February 4, 2012 Not just the Bankers it seems, are infected with the greed virus; Network Rail Execs have just been granted large bonuses - for what exactly? Quote Link to comment Share on other sites More sharing options...
asperity Posted February 4, 2012 Report Share Posted February 4, 2012 Was it in their employment contracts? : Quote Link to comment Share on other sites More sharing options...
wolfie Posted February 4, 2012 Report Share Posted February 4, 2012 Network Rail has two bonus schemes, the Annual Incentive Plan and the General Bonus Scheme, which are not a contractual entitlement. also Network Rail has no accountabilityto shareholders, Quote Link to comment Share on other sites More sharing options...
inky pete Posted February 4, 2012 Report Share Posted February 4, 2012 Don't think of them as bonuses. In these days where it's virtually impossible to sack someone for under performing, think of them as part of the salary - which is only paid if the employee perform satisfactorily. I don't think most people have a problem with bonuses as a concept, or even with some of the numbers being bandied around - if someone makes or saves their company tens of millions of pounds, why shouldn't they be rewarded with a decent percentage of that? The problem is often with the initial setting of the criteria to be satisfied in order to trigger the payments, and that can lead to a perception of people receiving bonuses for "failing". Quote Link to comment Share on other sites More sharing options...
observer Posted February 4, 2012 Author Report Share Posted February 4, 2012 Not sure that a Gov subsidised Network Rail can be classed as a "success" yet, as I'm sure the fare paying public would say. The DoT has the right of representation on the remuneration Board AND a major shareholder's vote - alas, the Gov has chosen NOT to use either sanction todate. Quote Link to comment Share on other sites More sharing options...
asperity Posted February 4, 2012 Report Share Posted February 4, 2012 Network Rail gives you a bonus before you start working for them, never mind when you've actually done anything: Network Rail salaries and benefits Quote Link to comment Share on other sites More sharing options...
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