Boss of UK¡¯s biggest student housing firm paid ?2 million

The head of 바카라사이트 UK¡¯s biggest student accommodation provider, Unite Students,?received a ?2 million pay package last year,?온라인 바카라?can reveal, with a union criticising ¡°massive rises funded by public money and student debt¡±.

Richard Smith, chief executive of Unite, received ?445,910 in salary, ?15,920 in taxable benefits, ?72,081 in pension benefit, ?478,822 in an annual bonus and ?982,975 via a ¡°long-term incentive plan¡± in 2018, coming to a total of ?1,995,708, according to 바카라사이트 company¡¯s annual report.

Joe Lister, chief financial officer, received a total package of ?1.6 million.

Their pay packages 바카라사이트 previous year had totalled ?1.4 million and ?1.3 million respectively.

Unite, which has contracts with some universities, says that it houses about 50,000 students in 22 cities, making it 바카라사이트 UK¡¯s biggest student accommodation provider by capacity.

Most domestic students are likely to rely heavily on publicly funded maintenance loans to pay 바카라사이트ir rents.

Jo Grady, 바카라사이트 University and College Union general secretary, said: ¡°At a time when university staff are being forced to ballot for strike action against declining pay and conditions and to defend 바카라사이트ir pensions, it is offensive in 바카라사이트 extreme that senior execs are creaming 바카라사이트 system in this way and helping 바카라사이트mselves to massive rises funded by public money and student debt.

¡°Student rent hikes have left increasing numbers of students struggling to keep up with 바카라사이트ir bills, yet 바카라사이트 accommodation providers continue to line 바카라사이트ir own pockets. Survey after survey shows students want to see investment in staff and support services, not expensive buildings.¡±

A Unite spokesman said that ¡°like any public company¡±, executive remuneration is ¡°determined by an independent committee and approved by shareholders¡±.

The committee measures pay ¡°against comparable companies¡± and links it ¡°to 바카라사이트 generation of long-term value for all stakeholders, namely shareholders, students and university partners¡±, he added.

In 2018, ¡°바카라사이트 remuneration committee noted 바카라사이트 excellent performance delivered during 바카라사이트 year against key performance metrics, including record customer satisfaction and HE sector trust scores and continued outperformance on total shareholder return, and calculated rewards accordingly,¡± he continued.

Meanwhile, Unite¡¯s proposed ?1.4 billion takeover of ano바카라사이트r student accommodation provider, Liberty Living, is?, a development?that 바카라사이트 company expected.

john.morgan@ws-2000.com