Bob Kiley - House

Meeting: 
MQT on 2000-12-20
Session date: 
December 20, 2000
Reference: 
2000/0449
Question By: 
Len Duvall OBE
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Can the Mayor justify the alleged purchase by Transport for London of a £2.1 million house for Bob Kiley, both given that this is a further inducement on top of his £2 million salary package, before any performance indicators have been agreed, and because of the offence it will cause to Londoners who are being priced out of our city? Why was the decision apparently made covertly?

Answer

Answer for Bob Kiley - House

Answer for Bob Kiley - House

Answered By: 
The Mayor

To get the right person for the job, I had to offer a package that was not going to represent a drop in living standards. Accommodation was always included in negotiations with Mr Kiley, given the fact that we were asking him to move over from New York at relatively short notice. Buying a house, which will remain in the ownership of Transport for London and should appreciate as an asset, was cheaper than many other forms of accommodation allowance might be. The decision was taken openly, and announced in a press release on 5th December, when Mr Kiley had signed his contract.