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Is not-for-profit not superflous on a government body supplying 50% of it's income? Who pays for the 6 figure board salaries? Is that from the profit part, or m
by Fifer82 9y ago
Is not-for-profit not superflous on a government body supplying 50% of it's income? Who pays for the 6 figure board salaries? Is that from the profit part, or me the tax payer?
Just seems a bit stretched. never-gonna-profit
- tobylane 9y agoFor-profit also doesn't fit well in an organisation running a bus network that spends £1.5b a year more than it takes in.
- Jonnax 9y agohttps://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate-governance/board-members https://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate... "Remuneration of board members The basic fee is £16,000 per annum. Additional fees are paid for each appointment to a Committee or Panel, up to a maximum payment of £20,000 per annum" https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-are-funded https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-ar... 25% of their funding seems to come from Government grants. £2.6 billion. That should be covered easy by the tax revenue London generates. Especially so, since there's apparently a £26.5 billion tax surplus that goes out the capital to less well off regions: https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less https://www.theguardian.com/business/2017/may/23/uk-budget-d... So what are you complaining about exactly?