G4S boss receives record £4.8m in pay and bonuses despite string of scandals

Ashley Almanza's reward comes as the firm boosts its profits but suffers further blows to its reputation

Caroline Mortimer
Sunday 16 April 2017 16:41
Comments
There was a major disturbance at the G4S controlled HMP Birmingham at the end of last year
There was a major disturbance at the G4S controlled HMP Birmingham at the end of last year

The boss of private security firm G4S received a record £4.8m in pay and bonuses over the last year despite the firm being embroiled a string of scandals.

Ashley Almanza’s total reward has increased by 75 per cent since he received £2.7m in 2015 and included a £1.3m bonus on top of his salary and various financial incentives such as shares in the company.

This is despite a wave of scandals which has hit the world’s largest security firm in recent years – mostly recently the revelation that people may have been wrongly sent to prison by faulty electronic tags fitted by G4S.

The firm, which currently holds hundreds of UK Government contracts and employs around 600,000 people, has also struggled to sell its youth prisons contracts after a young offenders unit in Medway, Kent was returned to Ministry of Justice control last year when allegations of child abuse by staff emerged.

Staff were captured using excessive force to restrain children, bullying vulnerable youngsters and giving false accounts to cover them up in undercover footage.

It was also embarrassed by major prison riots in Birmingham last year and attracted controversy over housing asylum seekers in easily identifiable properties with red doors in Middlesbrough.

The South African accountant has run the firm since Nick Buckles stepped down in 2013 after the company’s bungled recruitment of guards for the London Olympics in 2012 forced the Army to step in.

UK Government contracts now make up just five per cent of G4S’ business.

Last year, Mr Almanza took a reduced bonus of £956,000 after the group announced a slump in profits.

But last month the group revealed a nearly 10 per cent boost to profits over the course of 2016 and shares in the company have surged by more than 60 per cent.

In a statement to The Sunday Times, the company said: “Under Ashley Almanza’s management and leadership the company has delivered a strong performance and his remuneration reflects that performance.”

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in