Summary
SIR MOIR Lockhead, the chief executive of FirstGroup, has taken a pay cut of more than GBP 200,000 after the transport giant failed to hit profit targets, figures published yesterday revealed.
The former mechanic, who has headed the company since its formation, was paid just 35.1 per cent of his maximum bonus as the company suffered in the recession.See the full content of this document
Extract
Target Miss Costs Firstgroup Chief Gbp 200,000 in Pay
Figures in First's annual report, published yesterday, showed that Lockhead's total remuneration package for the yea...
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