Mark Wild Crossrail Salary: According to figures obtained by the Guardian, almost 450 executives from Crossrail and Transport for London (TfL) earned more than £100,000 in 2013. Mark Wild, the chief executive of Crossrail, earned the most in 2020/21, earning £447,853 as he battled to keep the long-delayed Elizabeth line on track for its new opening date in the first half of next year. TfL handed ninety Executives “golden goodbyes” totaling £6.2 million after laying off a huge number of employees as part of its cost-cutting reform drive.
https://uk.news.yahoo.com/455-crossrail-tfl-chiefs-earned-123431009.html
This year, the number of six-figure earners fell by 21%, from 577 to 455, owing to bonuses from the previous fiscal year that was not paid until this year. TfL employs 420 people, with Crossrail employing 35. TfL’s total pay bill decreased by 7% (or £143.8 million) from the previous year to £2.029 billion. No incentives were given out in the previous financial year due to TfL’s need for three government bailouts as a result of the pandemic. A total of 162 people earning more than £100,000 a year received six-figure earnings, down from 178 the previous year. The bulk of people’s wage packages was boosted by severance payouts or overtime on projects like the Northern Line Extension and Bank Station Upgrade.
Only 8% of individuals earning six figures were known to be from a black, Asian, or ethnic minority background. The overall number of employees fell by 810 from March 2013 to March the current year, from 27,605 to 26,795. According to TfL’s annual remuneration report, the number of employees getting paid leave to carry out union activities increased to 880 from 857, with 35 of those individuals working full-time for their union at TfL’s expense. TfL spent £6.4 million for this “trade union facility time,” down from $8.9 million the previous year. TfL’s farm income has been badly impacted by the epidemic, and the company has taken every effort to ensure that it is operating at maximum efficiency, allowing it to achieve financial stability in the future years.
TfL employees earning more than £100,000
Last year, the number of TfL employees earning more than £100,000 fell by 19 percent. The capacity to attract and retain the right leadership is one of several variables that contribute to London’s recovery success. According to GLA Conservative leader Susan Hall, it is disgusting that TfL continues to lavish golden goodbyes and £100,000 salaries on hundreds of officials. A seconded Tube chief has been assigned to Crossrail to deal with the problem. November 5th, 18 The London Underground’s Managing Director Mark Wild has been brought in to preserve the Crossrail project, which is nearing completion.
Crossrail chief executive Andrew Wolstenholme stepped down in March, handing over the reins to program director Simon Wright, ahead of the December 2018 train launch. Mr. Wolstenhome’s legacy has recently proven to be less rosy than initially believed. Due to difficulties with the commissioning and testing procedure, it has been pushed back to autumn 2019, and costs have increased from £14.8 billion to £15.4 billion. Mark Wild will take the helm as the project nears completion and oversee the last stages, which include testing, operations, and the opening of the core section.
He has been the managing director of London Underground since his arrival in the UK from Australia in June 2016. Once the Elizabeth line has completed its voyage through the city’s center, he will return to the London Underground. He will work with Simon Wright, who is stepping down as CEO of Crossrail Ltd, until later this year. While Mark Wild is at Crossrail, Nigel Holness, the London Underground’s head of network operations, will take over as managing director. As previously reported, he will commence his duties as Metro Trains Sydney’s deputy chief executive at a later date.
Mike Brown, the Commissioner of Transportation, Stated:
“The Elizabeth line in London is one of the most significant improvements to the city’s transportation system in a generation. It is critical that Crossrail Ltd completes its work in order to ensure London’s safety and reliability. Mark’s extensive skill and experience in major signaling and systems integration projects will be extremely beneficial to the project’s final stages.” Simon Wright, CEO of Crossrail, said: “To speed the Elizabeth line’s development, everyone involved is giving it their all to make it happen as soon as possible. Integration of the complex railway systems and full-time testing are the top priorities for Crossrail as the construction phase nears completion this year.”
“I’d do it without a second thought,” Crossrail’s CEO said when asked if he would take up the post “without any further salary.” In response to criticism of his predecessors’ incentives, Mark Wild, CEO of Crossrail, vowed, “I’ll complete this work without a bonus.” Following Meg Hillier’s criticism of £2.1 million in extra payments to former Crossrail officials, Chris Wild, the Chief Executive of Transport for London, stated that he did not require a bonus. Last year, he had a yearly salary of £404,937. Crossrail’s senior executives have received a total of £8 million in pay over the last decade, including £2.1 million in incentives.
Crossrail’s expected £3 billion cost overrun will push back its opening date from December 2018 to more than three years. The incentives, according to Hillier, should be refunded to the employees. “It would be fantastic if they were compensated. Hillier fears “there is no way to get them back,” as he put it. I’m going to get some money this year, and I’m not going to lie about it “I’d rather not be entitled to anything as long as I don’t provide something. “I would accept this post even if there was no bonus. All I’m here to do is provide the railway.”
This project was “too huge” for his Predecessors to Comprehend
Completing the last bit of work, in particular, was a challenging task. I believe they simply lost track of the amount of work that needed to be done “He went on to say more. Crossrail management said in November that the line would not open until 2021, rather than the anticipated December 2018 deadline. In January, testing and commissioning dates were announced, as well as a revised delivery schedule. A representative for London’s mayor remarked, “The Mayor and TfL had no influence over the incentives given to the former Crossrail Ltd workers.”
According to TfL papers, Mark Wild, the current CEO of Crossrail, received a total of £447,853 in the fiscal year 2020/2021. Despite the fact that Crossrail 2 was put on hold in March, according to the same document, Crossrail 2 Managing Director Michèle Dix received £170,733 for the same time period. According to the documentation, her six-figure salary was “paid for performing services four days a week.”
As Prime Minister of the United Kingdom, Boris Johnson will earn £161,866 in 2020
New information concerning Crossrail’s financial condition has surfaced. This value climbs from £18.9 billion to over £20 billion when the cost of building a train fleet and a depot to administer the service is excluded. We must keep in mind that there is £42 billion in agglomerated business and personal gain, therefore I am convinced that the Elizabeth line will be recognized as a huge social and economic enhancer.”
Transport for London is looking for a permanent replacement for Mark Wild, who left the London Underground to become the CEO of Crossrail. Wild was expected to return to his role as managing director of the Tube after Crossrail was finished. Simon Wright was assigned to Crossrail as a special assistant after resigning.
