New Network Rail boss to get €803K per year base salary

MGWR

With incentives and bonuses, that could be over €1.2 million per year.

Huffington Post

Network Rail's new chief executive has come under fire for being paid £100,000 more than his predecessor.

Mark Carne, a former oil executive at Royal Dutch Shell, will receive a basic salary of £675,000, which is £100,000 higher than his predecessor's pay. ...

The main transport workers union, the TSSA (Transport Salaried Staffs' Association), criticised Carne's salary. "At a time of ever-increasing rail fares, and falling wages, we think this is an insult to rail passengers who have seen price rises of 20% since May 2010," said TSSA leader Manuel Cortes. ...

Cookie_Monster

While there is generally a good argument for paying CEO's well to attract a good standard I don't think you can really argue with the statement made by the TSSA, he'd want to have a big impact in improving ops in a pretty short time scale to justify it.

dublinman1990

I am glad now that I don't ever use the UK railways as I would feel pretty disgusted If I ever pay fares to an organisation that hoards in money from people to just go on a train.

How can a company with £30 Billion worth of debt ever justify an increase to get an obscene amount of money to a guy who has no experience dealing with railways?

Rail commuters there have every right to feel angered about it as I feel sorry for them.

GBOA

dublinman1990 wrote: »

I am glad now that I don't ever use the UK railways as I would feel pretty disgusted If I ever pay fares to an organisation that hoards in money from people to just go on a train.

How can a company with £30 Billion worth of debt ever justify an increase to get an obscene amount of money to a guy who has no experience dealing with railways?

Rail commuters there have every right to feel angered about it as I feel sorry for them.

If you did use UK railways, your fare wouldn't be paid to Network Rail (who operate and maintain the network) but to one of the 23 private TOCs who run train services.

etchyed

GBOA wrote: »

If you did use UK railways, your fare wouldn't be paid to Network Rail (who operate and maintain the network) but to one of the 23 private TOCs who run train services.

BonkeyDonker

dublinman1990 wrote: »

How can a company with £30 Billion worth of debt ever justify an increase to get an obscene amount of money to a guy who has no experience dealing with railways?

Maybe that is a good thing - no preconceptions and will probably question everything. Ultimately you get what you pay for, and if you pay a low salary then the talent pool goes elsewhere.

GBOA

etchyed wrote: »

I'm not arguing where the fare goes, all I'm saying is that you don't pay your fare to Network Rail when you get a ticket, you pay the TOC. It's the TOC's who pay NR to use the network.

Cookie_Monster

dublinman1990 wrote: »

I am glad now that I don't ever use the UK railways as I would feel pretty disgusted If I ever pay fares to an organisation that hoards in money from people to just go on a train.
.

do you feel the same when travelling on IE? It's not like their CEO gets paid a minimum wage or anything

dublinman1990

Cookie_Monster wrote: »

do you feel the same when travelling on IE? It's not like their CEO gets paid a minimum wage or anything

Well, the IE fare system is not as worse & not as expensive what the uk provide tbf. The level of service in both the UK & Irish railways is about the same IMO which means both of them in different ways are getting worse.

And I don't think that the issue of the pay for IE's incoming CEO David Franks hopefully wouldn't be as high as Dick Fearns.

If it was the case that his pay was higher than Fearns (In which I hope it isn't) it would be right for the Irish people to say that it would be a huge scandal. But that happening will probably never happen in this place because nobody in this country takes any responsibility.

dowlingm

I think people might understand a big salary if IE enticed a senior executive from another railway company. Why NR's board felt they needed to pay a guy with (it seems) no rail experience this much...