REVEALED: The ‘fat cat’ rail bosses who are set to receive up to £4.2M in pay packages this year… while passengers face record fare hikes, cancellations and strikes
- Some executives could earn £4.2m this year despite year of disruption
- Graham Sutherland, CEO of FirstGroup is in like for £3m remuneration package
- A spokesman for the Rail Delivery Group, which represents all operators, said: ‘We need to pay salaries that mean we can attract the best talent’
Train bosses are in line to receive multi-million pound pay packages this year as passengers face record fare hikes, cancellations and strikes.
A Daily Mail investigation reveals some executives could earn as much as £4.2 million despite a year plagued by poor punctuality, engineering works and the worst strikes disruption in decades – with more to come.
The Government bailed out the railways to the tune of £16 billion during the pandemic, meaning taxpayers’ money has helped subsidise the bumper pay packets. And next year passengers can expect fare increases of between 6 and 8 per cent – the largest on record.
Graham Sutherland (pictured), the CEO of FirstGroup, is in line for a remuneration package worth up to £3 million
A Daily Mail investigation reveals some executives could earn as much as £4.2 million despite a year plagued by poor punctuality, engineering works and the worst strikes disruption in decades
The Government bailed out the railways to the tune of £16 billion during the pandemic, meaning taxpayers’ money has helped subsidise the bumper pay packets
Despite all this, Graham Sutherland, the CEO of FirstGroup, is in line for a remuneration package worth up to £3 million.
The firm owns 70 per cent of Avanti West Coast, which cancelled one in six services in the four-weeks to July 23. It has also reduced services between Manchester and London until further notice.
Boss of Go-Ahead, Christian Schreyer (pictured), could earn up to £1.37 million this year
Rupert Soames (pictured), chief executive of Serco, which operates the Caledonian Sleeper and part controls Merseyrail, could earn £4.2 million if he hits his performance targets
Boss of Go-Ahead, Christian Schreyer, could earn up to £1.37 million this year. Go-Ahead has a 65 per cent stake in Southern, Great Northern, Thameslink and Gatwick Express. Rupert Soames, chief executive of Serco, which operates the Caledonian Sleeper and part controls Merseyrail, could earn £4.2 million if he hits his performance targets.
Tory MP Greg Smith, who sits on the Commons transport committee, said: ‘I’ve got no objection to big pay packages…but what we’re seeing on the railways today is anything but first-class as my constituents struggle to even get a seat on rush hour trains.’ A spokesman for the Rail Delivery Group, which represents all operators, said: ‘We need to pay salaries that mean we can attract the best talent.’
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