Keeping an eye on a company whose business is government contracts.
Saturday, 2 April 2011
£1.4 million a year for Emma Harrison
This is a must-read article for anyone interested in A4e. In the Guardian, Toby Helm and Daniel Boffey have been going over A4e's accounts and report that Harrison and her husband have a joint income of £1.4m from government contracts.
The writers give the incomes of Serco bosses and point out that a recent report for the government called for a fair pay code for company executives. Then they turn to A4e. "A4e's latest accounts show that Harrison, who lives with her husband in Thornbridge Hall, a 12th-century stately home in the heart of the Peak District, has an 85.5% shareholding in the Sheffield-based company. She receives a salary of £365,000 a year. On top of this, last year she and her husband received an additional £462,000 from A4e for the company's use of her home for conferences and administrative work. .Her husband received an additional £626,856 for the lease of another property to A4e." The company's "turnover hit £190,990,000 and its profit increased 80% to £6.2m in the last financial year". The accounts take an upbeat view of the "opportunities" to be had from the "pressure on public spending".
Union leaders are quoted. Understandably, they're not happy. But, "A spokesman for A4e said the £462,000 paid to Harrison and her husband for the use of Thornbridge Hall last year was part of a leasing arrangement covering several years. The spokesman added: 'Over the past 20 years Emma Harrison has grown A4e from a small, Sheffield-based training business to one of the largest social purpose companies in the UK, helping unemployed people back into work. This has been a long journey, at times involving significant personal financial risk.'"
This is a timely article. It's just a pity that it won't change anything.