Transport for London boss took £650,000 pay package last year

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London's transport boss Sir Peter Hendy was paid £650,000 last year as a reward for the capital’s bus and tube networks running on time during the Olympics.

Transport for London (TfL)’s top brass shared a bonus pot of £2.5m after Boris Johnson paid deferred bonuses after “the successful delivery of transport for the Games”.

This saw Sir Peter almost double his £331,000 salary, pocketing £150,000 and £169,000 in deferred payments. “Failure to have delivered for the Games would have resulted in no performance awards being made,” TfL said in its annual report, which was published yesterday.

Finance boss Steve Allen was handed £162,000 in bonuses while the rail and underground director received £164,000 in performance related pay.

In total, more than 300 staff were paid more than £100,000 in a system of pay packages that was denounced by the National Union of Rail, Maritime and Transport Workers.

However, TfL said remuneration was needed to attract qualified staff and that the sums were modest compared to those paid to other transport chiefs, while several of the pay packets above £100,000 were down to severance costs.

Sir Peter, who was knighted in this January’s honours list, became TfL’s commissioner in 2006.