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Higgins gets £50k Network Rail payment

HS2 chairman David Higgins has received a £50,000 bonus for his work as Network Rail chief executive in the 2013/14 financial year.

Higgins, who left Network Rail in February after a brief period fulfilling both roles, was one of five executive directors to receive a bonus.

The rail infrastructure operator’s remuneration committee awarded the bonuses to five eligible executive directors: Higgins; group finance director Patrick Butcher; managing director, network operations Robin Gisby; ex-managing director, infrastructure projects Simon Kirby; and group strategy director Paul Plummer.

They represent about 12.5% of salary, well below the 60% possible under the scheme. A lack of passenger train punctuality, and below-expected levels of progress on safety performance constrained the payouts.

Network Rail recently proposed a change that would limit executive directors to a bonus of 20% of their salary in each of the next five financial years.

This will replace the current mechanism if approved at an annual general meeting in July.

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