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Souter's pay rise pegged to 1%
STAGECOACH founder-boss Brian Souter's pay package rose just under 1 per cent last year while finance director Martin Griffiths's remuneration increased by over 40 per cent.
The Perth-based bus and rail group's annual report showed Souter's total remuneration at 1.05 million (1.04m last time).
This included a 3.5 per cent increase in his basic salary to 532,000 (514,000), but a slightly reduced bonus of 253,000.
Griffiths's total package rose 42 per cent to 821,000 (575,000). This included a 103,000 rise in basic salary to 360,000.
Souter and his sister Ann Gloag, a non-executive at Stagecoach, also benefited from a 31 per cent jump in the dividend to 5.4p. Their combined 26 per cent stake meant they shared a payout of 7.5m.
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Saturday 26 May 2012
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