Executive remuneration exists in many guises…
After overseeing a €1billion loss ….
…”Willie Walsh’s bonus has been wrestled from him by his board after the British Airways boss refused to surrender the payment of his own accord.
But the airline supremo, who is chief executive of International Airlines Group, the holding company that owns both BA and Spanish carrier Iberia, still stands to receive £1.65million in shares over the next three years if he hit targets.”
This is after a €1billion loss!! Walsh is clearly disconnected with reality. He is in it solely for his own self-aggrandizement .