Chris Bolt the outgoing chairman of the Office of Rail Regulation has defended NR's bonus scheme.
This from the FT:
Chris Bolt, of the Office of Rail Regulation, said it was “clearly important” that management at the company that owns Britain’s rail network was made to focus on meeting its targets.
If that's what bonuses are for, then presumably salaries are merely a reward for darkening the office door (or not).
The Fact Compiler wishes to offer his unreserved apologies to readers for having led them astray in recent weeks.
Obviously it's only large bonuses that keeps Network Rail senior management focused on the day job.
Perhaps they should keep the bonuses but surrender their evidently superfluous, but extremely large, salaries.
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