Coucher defends payout
Ex-Network Rail boss Ian Coucher has defended the £1m payout he received from the company on leaving, after it was revealed in Network Rail’s accounts that he
took a year’s pay in lieu of notice and a settlement related to the company’s long-term incentive plan. Coucher said the payment reflected the fact he had wanted to work his full notice period after resigning last June; the company preferred that he didn’t.