Other top executives at Network Rail are entitled to annual performance-related bonuses of up to 20% of salaries.
The steps included increasing the broader retirement age to 65 and cutting public salaries to bring the deficit down from the current 13.6 percent of G.D.P. to less than 3 percent in 2014.
The BBC's 108 highest-paid bosses – including those on salaries of £150,000 or more – reduced the total amount of expenses they claimed in the first three quarters of this financial year by 14.1% compared with the equivalent period in 2009/10.
"We want Hong Kong plus," said one senior Liberal Democrat, adding that the party would press for the publication of more than just five top salaries.
He said in the past four months Athens had managed to pay public sector salaries, pensions and its dues to the IMF by extracting 14% of national output, doing "remarkably well" for an economy that does not have access to money markets.
"The top 25 hedge fund managers made more than $24bn in 2013 which is equivalent to the full salaries of more than 425,000 public schoolteachers.
We're more competitive with lower salaries" – wonder if Florentino Pérez has told his players that?
At Amorikot, the first head swiftly acquired a local reputation for corruption, seriously undermining the trust between teachers and parents that is critical when parents pay the teachers' salaries.
"I was particularly annoyed, when we received a $5m investment, they [directors] back paid themselves these salaries and I didn't find out about this until I spoke to the financial controller".
By the way, did I know women's salaries are starting to overtake men's?
No other team could offer an already signed player a new contract, thus preventing bidding wars and keeping salaries low.
