Wednesday, April 2, 2014

Chiefs of privatised public services have hit the jackpot. Government has not

#Energy Billions of pounds of assets have been shifted from the public to the private sector, according to a recent report on privatisation

What seems better value for money paying a chief executive £4.96m to run an organisation that is being investigated after energy bills have quadrupled in three years, or paying a chief executive £211,249 to run an organisation employing more than 1.35m people, which looks after the health of everyone in England?


Of course, it's an unfair question. Sam Laidlaw, head of energy firm Centrica, which is being investigated by the competition watchdog after public uproar over rising fuel bills, isn't paid by the taxpayer (and donated £851,000 of his bonus last year to charity), while Sir David Nicholson, who retires on 31 March as head of NHS England, is.


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