TITLE

Ofgem defends 14 per cent rise in top salaries

PUB. DATE
May 2009
SOURCE
Utility Week;5/29/2009, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the support of the Office of Gas and Energy Markets (Ofgem) in Great Britain to the proposed remuneration packages for senior management employees. It notes that the proposal showed a 14 percent increase in executives' salaries in 2008/2009 compared with 2007. It discusses the salary increases of chief executive Alistair Buchanan and network director Steve Smith. According to an Ofgem spokesman, pay awards were set based on the rules and procedures of the Cabinet Office.
ACCESSION #
41772797

 

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