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Network Rail boss Mark Carne will not take bonus | Network Rail boss Mark Carne will not take bonus |
(about 3 hours later) | |
Network Rail chief executive Mark Carne has said he will not take his bonus, following recent major rail disruption. | Network Rail chief executive Mark Carne has said he will not take his bonus, following recent major rail disruption. |
Mr Carne was in line for a maximum bonus of £34,000 - around 5% of his £675,000 annual salary. | |
Overrunning Christmas engineering work led to the closure of London King's Cross station on Saturday, causing chaos for thousands of people. | Overrunning Christmas engineering work led to the closure of London King's Cross station on Saturday, causing chaos for thousands of people. |
London Paddington was also temporarily shut after work did not finish on time. By Monday, normal service had resumed. | London Paddington was also temporarily shut after work did not finish on time. By Monday, normal service had resumed. |
And Finsbury Park station in north London - which was being used as a temporary terminal - had to be shut for a time due to overcrowding. | |
On Monday, Mr Carne said the maximum bonus he was likely to get in 2014/2015 would be 5% of his salary. | |
At that time he refused to say whether he would be taking any bonus. However, on Tuesday he told the BBC he would not be doing so. | |
Mr Carne said: "I'm accountable for the performance of the railway and bonuses are about performance so I've decided that I will not be taking a bonus this year. | |
"It's been a very disappointing Christmas, especially for those passengers who were affected by the problems at King's Cross and at Paddington. | |
"I deeply apologise for the experience that they had. I've triggered a full review of what happened so we learn the lessons from it, and also in consultation with the secretary of state, proposed a review with our industry colleagues about the timing of the kind of engineering works that we have to carry out." | |
Manuel Cortes, leader of the TSSA rail union, said: "We welcome this decision by Mark Carne but, like many of his trains, it is running late - 72 hours late in this case. | Manuel Cortes, leader of the TSSA rail union, said: "We welcome this decision by Mark Carne but, like many of his trains, it is running late - 72 hours late in this case. |
"He should have announced it on Sunday when it became clear the level of chaos suffered by tens of thousands of passengers caught up in the King's Cross shutdown. | "He should have announced it on Sunday when it became clear the level of chaos suffered by tens of thousands of passengers caught up in the King's Cross shutdown. |
"We hope his fellow executives will now follow suit and announce they will also be giving up their large bonuses as well." | "We hope his fellow executives will now follow suit and announce they will also be giving up their large bonuses as well." |
Transport Secretary Patrick McLoughlin has described Saturday's overrun as "totally unacceptable", while the Office of Rail Regulation and Network Rail (NR) have launched inquiries. | Transport Secretary Patrick McLoughlin has described Saturday's overrun as "totally unacceptable", while the Office of Rail Regulation and Network Rail (NR) have launched inquiries. |
On Monday, shadow transport secretary Michael Dugher wrote to Mr Carne urging bonus restraint. | On Monday, shadow transport secretary Michael Dugher wrote to Mr Carne urging bonus restraint. |
Mr Dugher tweeted on Tuesday: "Following my letter yesterday, welcome NR boss won't take bonus. But time ministers acknowledged their responsibilities for rail chaos too." | Mr Dugher tweeted on Tuesday: "Following my letter yesterday, welcome NR boss won't take bonus. But time ministers acknowledged their responsibilities for rail chaos too." |
Given a good performance by Network Rail, Mr Carne would have been entitled to a maximum bonus of 20% of his annual salary, amounting to £135,000. | |
Mr Carne reduced the biggest possible bonus he could get from 160% to 20% when he joined Network Rail in January 2014. | Mr Carne reduced the biggest possible bonus he could get from 160% to 20% when he joined Network Rail in January 2014. |