£90,000-a-year Communication Workers’ Union fat cat Billy Hayes managed to boost his salary by another £29,580 this year by converting backdated unused annual leave into cash. Normally annual leave must be taken in the period it is due but Hayes has been able to accumulate unused leave over twelve years and write himself a five-figure cheque. Furious CWU members have written to union bosses accusing Hayes, who seems to earn so much he has lost count, of “deliberate abuses of the union’s money”.
They also claim the CWU’s pension schemes are haemorrhaging money and have left the union “on the verge of a financial meltdown”. Not exactly what you call performance-related pay…
