Deloitteses will have earned every cent of that 26 million. No bull.
And I say again to all youse pilots who think a Directors job or a CEO position is money for jam, read the Deloitte report and think again.
My own opinion is that Virgins fatal error was appointing an MD instead of a CEO.
‘’A CEO is an employee. She is not privy to the Boards deliberations. An MD is.
To put that another way, a Board can ask WTF is this CEO doing? Where is she taking us? Do we want to go?
’
With an MD, she has her hands on the steering wheel and the other directors are just along for the ride.
You do not want to be a director unless you understand both the business and corporate governance. The Virgin Board didn’t understand either of the two.