Collection firm’s boss on £2.7m!
THE firm that collects licence fees for the BBC is run by a fat cat executive on a pay package of £51,000 a week.
Capita’s chief executive Andy Parker, 47, earned £ .68million in 015.
The outsourcing giant nicknamed ‘Crapita’ by the magazine Private Eye, runs more than 100 businesses and brings in revenue of £4.6billion a year.
Some £ billion of this is from public sector contracts such as assessing benefits claimants and collecting taxes. Capita owns ParkingEye – the private parking company that has been accused of aggressively chasing payments from NHS patients.
Mr Parker was promoted from deputy chief executive of Capita in March 014, four months after it bought ParkingEye for £ 3.9million.
Last year, the Daily Mail revealed how ParkingEye has had more than 60,000 county court judgments taken out against drivers in the past three years. These leave people with a damaging black mark on their credit files.
Capita last year faced paying up to £ 5million over delays in upgrading London’s congestion charging system.
The firm was meant to complete an IT overhaul of the system by August but it went live at the end of September.
Shares fell to a three-year low after the delay was announced as part of a wider trading update from Capita, wiping £1.7billion off the firm’s value.
Mr Parker, who lives in a £ million home in Warwickshire with his wife and two sons, said at the time: ‘Our delivery wasn’t up to the standard expected.’
A Capita spokesman said: ‘Andy Parker’s salary remains one of the lowest among CEOs of similar sized FTSE companies.’