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February 18, 2008

Britain's two highest paid civil servants

They better do the business: the new team in charge of Northern Rock have become the highest paid public servants in the country.

Ron Sandler, chairman, is to be given a "flat rate" of £90,000 a month, the equivalent annual salary of £1.08 million - if he stays in the job that long. This is over five times the salary of the Prime Minister.

Ann Godbehere, the new chief financial officer, will be paid £75,000 per month, meaning her equivalent annual salary is £900,000. Adam Crozier, the chief executive of Royal Mail, is the next highest paid public servant, on £629,000 "basic" salary, according to the annual list compiled by the Taxpayers Alliance

Mr Sandler and Ms Godbehere could also be in line for a bonus, with a statement from the Treasury saying that additional incentives could be discussed “once the new board has discussed its business strategy with the government.”

As Iain Dale notes, this comes days after the Chancellor, Alistair Darling, said in an interview: “People get fed up if they see others getting great big bonuses and they can't actually see what they did. It can be extremely frustrating... Boards need to ask themselves, ‘Are we behaving reasonably?’”

Posted by Sam Coates on February 18, 2008 in Northern Rock | Permalink | Comments (1) | TrackBack (0) | Email this post

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Comments

You should also look at the total package Adam Crozier (over at the Royal Mail) gets.

Posted by: Alex | 20 Feb 2008 00:00:58

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