Energy fury: Bulb boss defends ‘outrageous’ £250k salary as firm to cost Britons billions

Environmentalist and founder of green energy company Ecotricity Dale Vince tweeted: “Outrageous – rewarding epic failure, and FFS his failure at Bulb will cost the public some £3bn.

“Does he actually have a role to play there, given he’s the guy that steered them onto the rocks…..?”

The Labour MP Andy McDonald, a member of the business select committee present at the hearing, said it was “staggering” that Mr Wood was continuing to get paid “the same salary that you were pre-collapse”.

Charlotte Nichols, a Labour MP and committee member, quoted the former chief executive of Ofgem, Dermot Nolan, who said “for Bulb to blame anybody but themselves for its collapse is not reasonable”.

Mr Wood agreed that Bulb “should take responsibility for how the business failed”.

He added: “Lessons will need to be learned and I hope that is what we can do.”

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Article source: https://www.express.co.uk/news/science/1598198/Energy-crisis-Bulb-collapse-firm-Ofgem-boss-defends-salary-British-taxpayer-cost