Academy accounts: Executive pay continues to rise

The TES is reporting that the pay of academy trust bosses’ has continued to rise, with the highest paid chief executive in the country now earning more than £400,000 a year.

TES looked at the accounts for a sample of 20 high profile trusts, and found virtually all of them increased the pay of their senior leaders in 2015-16.

The highest individual earner was Sir Dan Moynihan. The Harris Federation chief executive’s pay rose by a minimum of £20,000 from £395,000-£400,000 to £420,000-£425,000.

Ian Comfort, the former chief executive of the Academies Enterprise Trust (AET), saw his pay rise from £225,000 in 2014-15 to £236,000 in 2015-16.

As well as chief executives’ pay rising, the number of senior leaders with big pay packets also increased.

At Oasis, eight employees earned £110,001-£120,000 in 2015-16, compared with five the year before, and six took home £100,001-£110,000, compared with only three in 2014-15.

However, at Outwood Grange Academies Trust, the most highly paid employee moved from £200,001-£205,000 to £170,001-£175,000. The trust said this was because then chief executive Sir Michael Wilkins reduced his hours.

More at: Academy accounts: Executive pay continues to rise

Not quite sure how they can justify a ~5% pay rise, when 6 in 10 teachers have been denied a 1% pay rise. Let us know your thoughts in the comments below or on Twitter. ~ Sophie

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Categories: 1st POST, Academies and Employment.

Comments

  1. Anonymous

    It’s a Friday. I know I’ll be in my office till 7.30 because that’s when a PTA function I have to attend starts. I earn a lot less than that. I think you can guess what I think 🙂

  2. northern teacher

    You can pretty much guarantee that nobody reading this is surprised. Just last week we were told that 60% of teachers remained on the same pay level from the previous year, yet top executives get a fat pay increase. The education system will end up like the NHS. People at the top earning bloated salaries and far too many pen pushers, whilst everyday workers are suffering increasingly unbearable workloads with no pay increase. A sad state of affairs.

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