BW directors and members of the public attending the BW AGM on 13 October were greeted by a group of BW employees condemning the “already overpaid directors” £15,000 inflation-busting bonuses as a disgrace while employees pay was not increased. The staff handed out a leaflet asking “are these the people you want to run your charity in future?”.
Graphic designer Simon Greer's take on the new logo
A look at the BW Directors’ targets for 2010-2011 (obtained in a Freedom of Information request) shows that three of the eight executive directors of BW are likely to get bonuses for achieving the move to charity status. The directors’ bonuses are linked to achieving these targets. BW has just announced that in 2011 the Directors will get up to £15,000 each in bonus payments on top of their six-figure salaries. The staff who matter most, who do maintenance and repairs and look after boaters and the waterways every day, will get a paltry £100 or so in comparison.