A couple of quick spots from the detailed report and accounts available on the flybe web site. ( both as I understand from an initial read)
1) Each of the non executive Directors who is on the Remuneration Committee ( ie responsible for fair pay throughout the company) appears to have received a 20% to 25% pay increase in the year. 2) ( and this is tucked in small print). For 2011-12 each executive director( ie full time) will now be able to earn a proportion of their annual bonus on"personal performance objectives"!ie doing the job they"re already being paid to do anyway. For previous years a bonus is only payable if financial objectives met. In summary all are v likely to pIck up a reasonable bonus even if financial performance doesn't justify it.
The words "double standards" just don't come to mind. Do they?