London Bosses Paid Double New York Counterparts
Wednesday 23rd July 2014
LBC can reveal the top public sector bosses in London are being paid more than double their counterparts in New York.
According to research from the Conservative group at City Hall, London's Transport Commissioner Sir Peter Hendy is paid almost £350,000, compared to £120,000 for the equivalent post in New York.
Sir Bernard Hogan-Howe, the Metropolitan Police Commissioner gets a basic salary of £281,000, while the New York Police Commissioner gets £120,000 ($205,180).
The group are recommending that every time a senior executive is appointed detailing how much they would get for doing the same job in another comparable city such as New York.
LBC's Political Editor Theo Usherwood reports: "Whenever you hear stories about sky high public sector pay Andrew, the stock answer from the guilty party is this: 'We need to pay top dollar in order to attract the best'.
"Well, according to research covering the highest paid bosses in London this is rubbish."
Conservative London Assembly Member Andrew Boff said: "We are not against paying the market rate for senior managers, especially when you want to attract the best to help run our city's infrastructure.
"That said, at face value there seems to be a large disparity between the basic package of NYC bosses and those in London.
"I will be recommending that going forward, any remuneration consultation will contain a comparative study of other world cities such as New York".