Rod Eddington refused a bonus during his time as CEO and he hadn't even made a Horlicks on the scale Willie Walsh has so that rather puts this 'magnanimous' act in context. I think it's far from clear that this was even an entirely voluntary act. It was reported recently that one of the largest shareholders (Standard Life I think) had made it clear to the board that payment of the bonus would be unacceptable after the T5 debacle. When the CEO and quite possibly the Chairman are in a precarious position it pays to listen to your investors.