This is going to down well amongst pilots and cabin crew...
https://www.thetimes.co.uk/article/b...cash-rrrr62v05
Wizz Air has handed its management share bonuses potentially worth millions of pounds, despite making a thousand staff redundant, using the government’s furlough scheme and borrowing hundreds of millions from the Bank of England’s emergency funding line.
The airline allotted almost 200,000 share options to bosses as part of their long-term incentive plans. The final number of shares they will be able to cash in depends on the company’s performance over the next three years.
Jozsef Varadi, 54, chief executive, is in line for the biggest payout. He could be awarded 42,526 shares at present worth about £1.5 million. Diederik Pen, 51, the chief operations officer, could receive stock worth £850,000 based on last night’s closing price.