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Crozier drops one!
Adam Crozier our much loved CEO has lost his crown as the highest payed public sector worker to the head of Network Rail, Ian Coucher.
Little Ad only will only earn £1,242,000 in 2008 (£1,256,000 in 2007) as opposed to Mr Croucher who will rake in £1,244,000 big ones,that's according to 'The Public Sector Rich List 2008' published by the TaxPayers' Alliance.
Last year Adam took 1 hour 27 mins to earn £1K,this year he's had to,well do what we do,and that's work harder for less pay.
Ian Griffiths our old MD who was 2nd last year on £970,000 is of course not on this years list after telling the Royal Mail board that " their plan was doomed to failure and would not work " and that it was " Corporate suicide ".
With regard to the public sector leeches,four people earned £1 million a year,twenty-one people earned above £500,000,eighty-eight people earned above £250,000 and there are 194 people earning more than the Prime Minister, whose salary is £189,994.
All those on the rich list had an average pay rise of 10.9 per cent between 2006-7 and 2007-8, three times average earnings growth across the country which is currently around 3.5 per cent.
From Royal Mail's jobs page.....
'As a guide, new employees aged 18 and over will receive basic pay of around £256 a week for full-time hours rising to £285 - £311 after 1 year. This rate will be on a pro-rata basis for part-time hours. Higher rates are paid in Inner and Outer London and in some parts of the South East.'
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