Originally Posted by
SecretAngel
Well, they've zeroed out bonuses for the year as well so, unless you know something, at face value he's not getting any of that either...
It’s all in the fine print. The term ‘bonus’ can refer to a number of different bonuses an executive receives. ‘Performance bonus’ is just one of those bonuses. There are also ‘Executive incentives’ or ‘incentive payments’ also, which are just another term for ‘bonus’ with without the ‘bonus’ stigma attached. You said it yourself SecretAngel - ‘face value’. That’s a good term. Most executives are remunerated in a way that at ‘face value’ seem to be average, standard, or normal. Mr Joyce has a remuneration package which is far above ordinary. Don’t be fooled by announcements of ‘pay freezes’ or ‘removal of bonuses’. Annual management bonuses are usually linked to operations KPI’s and do not usually incorporate retention bonuses, sign-on bonuses and so on. I think some of you are being openly fooled by the corporations wording. Smoke and mirrors.