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10/05/2021

Who’s getting what? Southern Water, Child Trust Funds, Airline Avianca

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Southern Water

Southern Water has paid its chief executive, Ian McAulay, a £538,100 bonus despite the utility reporting an unacceptable rise in pollution problems across its network, says The Mail on Sunday. The bonus took McAulay’s total annual pay and pension to £1.1m, which is more than double his £435,000 basic salary. The firm had 434 pollution incidents in the year to the end of March, more than in the previous three years. It was previously fined a record £126m by the regulator for sewage- treatment failures that polluted beaches and rivers between 2010 and 2017.

Child Trust Funds

The bosses of some of the companies providing child trust funds (CTFs-tax-free savings accounts for children) have been paid millions for overseeing market-tracking products
that charge substantially more than near-identical products that can be bought elsewhere through a Junior Isa, says The Sunday Times. Simon Markey, who was head of CTF provider
One Family until January this year was the highest-paid last year, earning £1.2 m in pay and benefits. His successor, Teddy Nyahasha, was paid £626,000, according to the Company’s latest accounts.

Airline Avianca

Bankrupt Colombian flag-carrier Airline Avianca paid tax-bonuses of $3.7m to its chief executive Anco van der Werff and $2.8m to its chief financial officer Adrian Neuhauser in May,
at a time when the airline had furloughed most of it’s bought 20,000 staff without pay and was preparing to file for bankruptcy, says Reuters. Five days later, the airline filed for Chapter 11
bankruptcy protection. The airline said the bonuses were an incentive to continue to provide services to Avianca and that the executives would otherwise have sought employment elsewhere.

Nice work if you can get it!

For those who like beer, the great outdoors, and easy money, the world’s biggest brewer has the perfect job, says Ben Hoyle in The Times. Anheuser-Busch InBev will pay a chief exploration officer $50,000 for six months of driving aróund the southwest of the USA, pulling up at scenic locations in California ánd in the Arizona desert; enjoy the crisp taste of a cool Michelob Ultra Pure Gold while documenting their experiences on social media. For this gruelling task, they will get petrol money, a camper van and can bring a partner, friend or dog. The main things we’re looking for are a deep appreciation for nature, the willingness to hike to the perfect photo op and the ability to capture engaging content for social media, says the firm. Oh, and a love of beer, of course.

Source: moneyweek.com

Kris Paterson is a writer for www.whatjobs.com the global job search engine

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