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SBD Global/June 27, 2013/Olympics

Transport For London Pays $2.3M In Bonuses To Senior Staff For Successful Olympic Games

Transport for London's annual report said that it has paid £1.5M ($2.3M) in bonuses to senior staff "for the successful delivery of the Olympics," according to Gwyn Topham of the London GUARDIAN. The transport body, which operates the capital's tube and bus networks, said that it would pay deferred bonuses because record passenger numbers and reliability in '12 meant "excellent management had really delivered." Transport Commissioner Peter Hendy led the way with a £319,000 ($489,000) bonus on top of his £331,000 ($507,456) salary. However, salaries for several directors of Crossrail -- far from operational at the time of the Games -- "rose above inflation." Crossrail CEO Andrew Wolstenholme pocketed more than £600,000 ($919,860), including pension contributions and a £123,000 ($188,325) bonus for eight months service in '11-12. Paralympic champion and TfL remuneration committee Chair Lady Grey-Thompson said, "London's transport network had a record-breaking year, with hugely improved reliability and tremendous support for a successful London 2012 Games under the gaze of the world" (GUARDIAN, 6/26).
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