Housing Association Bosses Get Huge Pay RisesPosted: November 27, 2001
Pay rise details for local housing association bosses:
Tony Shoults of Metropolitan Housing Trust – who make up half of Canalside, the developers of Haggerston East and Whitmore gets an 8.1% pay rise taking him to £92855.
Richard McCarthy, who with the Peabody Trust brought us the Glasshouse on Murray Grove (rents now start at £160 per week) and Cremer Street (£200 a week) is on £114022 a week,a 15.2% pay rise.
Michael Morris of the William Sutton Trust gets a 7.8% pay rise taking him to £97,000. Tenants on the Sutton Estate by Old Street will no doubt be interested in seeing if he breaks the £100,000 a year barrier next year.
The average Chief Exec pay in the top 100 housing associations is now £88,000.