The extra awards are part of a short-term “executive incentive plan”, a cash award that can be collected after a year and is calculated based on measures that include profits, customer service and environmental performance.

FTFY

A spokesperson said directors were on track to receive 61% of their maximum bonus but that it had reduced this to 42% to reflect environmental performance “not being where we want it to be”.

That’s just creative accounting - “my bonus would be a billion quid but I performed so badly I am only awarding myself 1% of that”.