PPRuNe Forums - View Single Post - Gulf Air: Qatar/Oman refuse new funds & New CEO
Old 11th May 2002, 04:43
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Icarus
 
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The finance guy is on US75,000 per month I understand, for 6 months and is tasked with finding a permanent replacement as VP Finance.
The new boy has supposedly had 'cash up front' as a part of the deal due to GF being 'high risk'!, the right to bring in his own team at the top as well.

Yes it is a lot by any means, but then many other CEO's in Europe/US are being paid more than that with stock options on top. There are no stock options with GF (and besides if you held any you would be a fool as they are currently worth less than nothing!).

Again, this is only what I have heard over the last few days, but I have no reasons to doubt the sources, but that does not say that I am (or they are) right.
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