Monday, 6 February 2012

Bonuses for NGO Officers Stink

The whole bonus thing has got quite out of hand. Why is anybody who works for a non-commercial organisation given a bonus? Against what benchmark can you properly measure a bonus entitlement? If someone works his butt off and does a great job this should be recognised in his salary which of course will flow through into his pension pot but a bonus? No, no, no. I can see why Hester and others working for a bank despite it being 82% owned by the taxpayers could have a bonus as part of their remuneration as they are working for a commercial operation. I can see absolutely no reason at all why the likes of the board of Network Rail which, contrary to what Labour maintained is anything but a commercial operation, should be paid a bonus. The executives are not adding value to anything, merely carrying out a function which they are obliged to do to a particular standard and for which they get paid a generous salary. Who was the buffoon who decided Network Rail executives were entitled to bonuses? Would it be Lord Prescott's head that fits the hat? It is good to know that Justine Greening has put a stop to the bonuses for the Network Rail executives amounting in the aggregate to some £20 million. Service contracts for all executives and directors of non-commercial organisations must be revised to exclude bonuses. If such people want bonuses they must go into the commercial world and take the risk of neither getting paid nor a pension. The whole bonus idea for those working in the public sector stinks. I hope the Taxpayers Alliance takes up the cudgels on this and Guido Fawkes too.

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