Tuesday 30 June 2009

NR flounders defending the indefensible

This from The Times...

Network Rail has mounted a campaign to defend its controversial bonus scheme, under which the directors are due to collect more than £1 million funded largely by the taxpayer.

What bit of this don't Cornell and the NR Board get?

There is a recession on, jobs are being lost across the industry/country and NR directors still believe that they have a God given right to dip into our pockets to top up their existing, substantial, salaries with over £1m in bonuses.

Meanwhile the £9bn flagship project by which their success is being judged has turned into a complete and utter shambles.

It's no good whinging it's unfair. This is what you signed up for when you took the job.

Perhaps it would help if The Fact Compiler explained what the industry and country really think in words of one syllable.

"You are not worth it!
"

For pity's sake back off now, take the hit and retain some vestige of honour and credibility.