Shareholders flay Cathay
From the SCMP
Shareholders came down heavily on management at the AGM for CX's declining image as HK premium airline and the big bonuses received by its management, despite the poor performance of the company stock
John Slosar denied the carrier had lost any of its premium appeal He went on to say that ten years ago Cathay was much less of a premium airline than it is today
Shareholders asked about a dividend increase when management continue to pay themselves bonuses.
Cathay shares have lost 37% over the last year
Chu's salary and bonus rose to 10.1 million up from 7.37 in 2014
Rupert Hogg received HK$ 11.12 up from 6.52 million
Slosar who's pay dropped to 1.98m down from 7.73m
when you read comments like these from management you realize just how far out of touch with reality they are . People are complaining already Yet they want to add more seats in EY in the 777 making it 10 abreast
From the report Slosar stated " we are always looking for ways to add more seats because more seats probably means more revenue and more revenue probably means more profit
Last edited by Tea time; 12th May 2016 at 16:08.
Reason: Brevity