PPRuNe Forums - View Single Post - SAS close to bankrupcy
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Old 15th Nov 2012, 11:39
  #43 (permalink)  
jackx123
 
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I think you have things mixed up slightly. Business managers get paid salaries, bonuses etc and shareholders dividend.

If a company pays a dividend that cannot be supported by its profits then it is technically insolvent and the Dividend is unlawful.

So Kjos gets paid ONLY when Norwegian can make a profit but the CEO of SAS can technically get paid as much as he likes, or has agreed with the board.

However, SAS will then post a loss and has to go to the board (which gets no dividend, unless shareholder) and ask for support.
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