Another week, another executive in the line of fire over their bonus. This week it is Sir David Higgins, the plain-speaking Australian in charge of Network Rail, which manages the country’s rail infrastructure.
NR members are about to vote on the pay structure under which executives will be allocated their bonuses later this year. The scheme could see Sir David pocket a £340,000 annual bonus (plus much more in long-term incentives), which has triggered anger given the company’s declining performance.
Justine Greening has now said she will become the first transport secretary in the company’s ten-year history to get involved with its administration when she attends a meeting to vote against the scheme.
But before she does so (in comments made, in fact, before the whole controversy blew up), Sir David has got his retaliation in first.