In brief: Issue 362 15 May 2009
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People, Rail, Network Rail/Railtrack, Office of Rail Regulation, Other, All of UK
Network Rail chief will not take his bonus
Network Rail’s chief executive Iain Coucher has announced that he will be forgoing any annual bonus this year. Coucher has informed the company’s remuneration committee that he has taken a personal decision to withdraw from the bonus scheme for the 2008/9.
Coucher said that over the last 12 months Network Rail has met or exceeded almost all of the targets set by the Office of Rail Regulation. However, he added: “I am mindful of current sentiment, so I have taken a personal...
