Update on senior managers’ salaries

My revelation a couple of weeks ago that senior managers’ pensionable salaries would continue to rise in line with inflation (see earlier posts) and not be subject to the 1% salary cap, prompted a rapid damage limitation effort by senior management. Mark Thompson explained that he was determined to ensure that senior managers were subject to the same pensions cap as the rest of us. It’s striking though that he can’t promise to impose the cap on senior managers – it’s apparently wrapped in complex legal issues. If we let this lie then long after we’ve been forced to accept a brutal reduction in pensions it’ll turn out that the idea of forcing senior managers into the same boat has been quietly dropped.

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