Bosses of three firms that supply trains to UK railways made £3.5m last year
Summary
The chief executives of three companies that lease trains to Britain’s railways earned a total of £3.5 million last year while the companies paid out almost £400 million in dividends to shareholders. The government is considering buying trains directly through a public body, Great British Railways, instead of leasing them privately.Key Facts
- Three rolling stock companies (Roscos) paid their CEOs £3.5 million combined in one year.
- These companies gave nearly £400 million to shareholders as dividends last year.
- Porterbrook Holdings paid £80 million in dividends and paid CEO Mary Grant £1.44 million.
- Eversholt Rail paid £200 million in dividends and its outgoing CEO Mary Kenny received £1.33 million.
- Angel Trains paid £111 million in dividends and CEO Malcolm Brown £700,000.
- Rail unions say these profits come at passengers’ expense and want the government to tax Roscos and cut fares.
- The government is thinking about Great British Railways owning trains directly to save costs.
- The rail companies say they invest heavily in trains and infrastructure and pay UK taxes.
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