Tuesday, September 22, 2009

Executive pay survey: Perks come as standard for boardroom bosses


There's the bus company boss who gets free petrol for his private motoring, and the head of a mining group whose company coughs up to pay his gardener.

The annual Guardian executive pay survey, which delves into the very small print of company annual reports, has uncovered a world in which those wealthy enough to pay their own way are powerful enough to ensure they don't have to.

The bus boss who gets the free motoring is Sir Moir Lockhead, the chief executive of First Group, the UK's biggest bus and train company. Public transport is clearly not for him. His perks included £27,500 for a car and £5,000 of free petrol for use outside work hours – enough to fuel 30,000 miles of driving round his family cattle farm on Royal Deeside.

See full Article.