As we all know, every company is fighting 2020 in the way that have fought previous probelms. The problem is that this problem is different to every problem since the Stock market crash of 1929. Therefore, no one knows how to deal with it.
The Telegraph reports today:
British Airways' owner IAG has been given a bloody nose by investors following fury over a £3.2m pay packet for departing boss Willie Walsh.
The firm was hit with a revolt by shareholders controlling 20.6pc of stock against Mr Walsh’s remuneration package, which includes an £833,000 annual bonus and a potential future £5.2m payout in shares. A further 7.8pc of shareholders withheld their votes at the firm's annual meeting.
It comes after BA put more than 22,500 staff on taxpayer-funded furlough and axed up to 12,000 jobs following a collapse in global air travel.
Although IAG’s remuneration report was by around four-fifths of voting shareholders, the company said it was disappointed at the scale of the revolt. It added: “The board will continue to engage with shareholders to fully understand their concerns."
To understand their concerns? Might that be to do with golden handshakes to people who have already earnt platinum amounts of money - whilst those at the bottom of the scale are being made redundant?