Carillion: fat-cat bosses in ‘reward for failure’ row

Up to 30,000 small companies may never be paid for outsourced work

Carillion logo in London
Carillion employed 20,000 people in the UK alone
(Image credit: Photo credit: DANIEL SORABJI/AFP/Getty)

The CEO who presided over Carrillion’s downfall is at the centre of a “reward for failure” row following the revelation that he is still being paid his $660,000 salary despite standing down last July, when the company issued its first shock profit warning.

Up to 30,000 small firms are waiting to see if they’ll ever be paid for outsourced work in the wake of the construction giant’s collapse, but Carillion’s former chief Richard Howson will keep collecting his £55,000 per month salary until October, the Daily Mirror reports. And Howson is not the only former Carillion executive still being paid hundreds of thousands of pounds.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us