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Unite comments on RBS boss bonus waiver
Unite has commented on RBS CEO Stephen Hester’s decision to waive his near-millionpound bonus. David Fleming, Unite national officer, said: “Better late than never will be the feeling amongst the call...
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Network Rail bonus money to go to rail improvements
Sir David Higgins, the chief executive of Network Rail, has announced that six top level managers will waive their bonuses this year, with cash instead going towards improving rail safety. Among a...
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Review launched into public sector bonuses
Treasury Chief Secretary Danny Alexander and Cabinet Office Minister Francis Maude have written to all government departments asking them to examine bonus structures. A Whitehall review has been...
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Prospect Union: Public sector staff ‘deserve bonuses’
The Deputy General Secretary of the union Prospect, Dai Hudd, has said that heads of public sector bodies should receive bonuses after Danny Alexander, the Chief Secretary to the Treasury, and Francis...
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£2m bonus shared by staff from defunct quangos
A Freedom of Information request by Conservative MP Jake Berry has revealed that a bonus pot of £2.16m was shared by employees of nine soon to be axed Regional Development Agencies (RDAs). The quangos...
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Haldane: Defer bank bonuses for ten years
During a speech at the Institute for New Economic Thinking in Berlin on the financial arms race, Bank of England policymaker Andrew Haldane made a call for bank bonuses to be deferred for ten years. Mr...
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