Spare a thought....
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Spare a thought....
Spare a thought this Christmas for Richard Deakin, Nats Chief Executive, who must be worried sick at how he will cope next year on his paltry £1m salary.
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Privatisation = endless pressure to cut costs, penny wise pound stupid decisions, short termism caused by obsession with targets, climate of fear with staff disciplined for trivial issues, soaring executive pay - who would have though it?
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Having watched the Transport Select Committee video, I cannot believe that Richard Deakin's 'bonus' is almost 3 times my annual whack as a validated area-radar controller, with 14 separate positions in my licence.
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''If you want the best you have to pay the going rate". I guess the remark was ironic.
This is an old battle cry of those on the receiving end of bloated remuneration packages. Being CEO of a regulated monopoly with a 25 year franchise is hardly living on the front line of high risk dog-eat-dog capitalism is it?
Does the going rate in an organisation 49% owned by the UK deserve to be more than 5 times the remuneration of the head of government (CEO) of the UK?
This is an old battle cry of those on the receiving end of bloated remuneration packages. Being CEO of a regulated monopoly with a 25 year franchise is hardly living on the front line of high risk dog-eat-dog capitalism is it?
Does the going rate in an organisation 49% owned by the UK deserve to be more than 5 times the remuneration of the head of government (CEO) of the UK?
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People who criticise Deakin's remuneration should ask themselves what he actually gets paid for.
Does he get paid so much for running the monopoly enroute operation safely or does he get paid for running the monopoly enroute operation safely and delivering a dividend for the shareholders?
Deakin will continue to receive his large salary & bonus until he displeases over 50% of the shareholders.
I think he is one screw-up away from that.
Does he get paid so much for running the monopoly enroute operation safely or does he get paid for running the monopoly enroute operation safely and delivering a dividend for the shareholders?
Deakin will continue to receive his large salary & bonus until he displeases over 50% of the shareholders.
I think he is one screw-up away from that.
