2016 annual report - who got what
 

Page 88/89 for those interested


2016 2015
Ivan Chu 10,507 10,096
Rupert Hogg 12,014 11,117
Martin Murray 10,732 9,739
Dane Cheng 4,408 3,548
Christopher Gibbs 6,324 5,703
James Ginns 7,237 6,137
Simon Large 6,013
Paul Loo 3,837
Tom Owen 6,019
Anna Thompson 5,942

(some did not have full year in 2015, so comparison is useless)

Total director pay went from 47,802 to 53,156, 9.1% increase.

The reason why directors without Chinese surnames get 50% more looks to be housing allowances & benefits. Obviously 4m HKD a year isn't enough to attract talent to HK, and they need an extra 2m HKD or so to be here

(just to add that 30% cut in the above cost = about 15m HKD of savings, which would be one of the "big 3" plus a tier 2 director removed, or 3 of the tier 2's removed looking at the expenses)

FOPS fuel savings don't even cover the cost of the DFO's bonus

https://youtu.be/1MsZcPdsnOQ

All explained here...

Waffle!! Who is responsible for the hedging policy?

Barely half way there with the fuel gambling;- still 50% at US$85 in 2017, and 37% at US$82 in 2018.

Who did CX hedge with? Maybe a Swire company therefore Swire are actually happy, hence no heads have rolled

What I find most interesting is that Ivan Chu's bonus in 2015 was about $HK 4Mil, and in 2016 it was around $HK 5Mil. In a year where your Company woefully underperforms your bonus actually increases? So much for performance based bonuses, our senior managers get paid either way. Seems a little unethical?

+2 Mr Curtain Rod.

Curtain , a very worth post and I totally concur with your thoughts , unfortunately during the 99 dispute pilots were going to work using any kind of deceit they needed to ,whilst pretending they were following the directive from the AOA and screwing over their compatriots at the same time . The company even went as far as redacting the captains name from the tech log and blocking crew access to the roster . Then CX pushed out a notice stating that anyone caught intimidating fellow pilots would be summarily dismissed . Not 2 weeks later they sent a new contract to every pilots home with a sign or you no longer work here . But of course that wasn't intimidation.
So a long as we have spineless members who won't stand up and be counted we will get nowhere

WHO is PM?

3rd post down on the HKAOA forums "for those considering leaving CX" thread should give you a clue

Got it thanks.

Chairman's compensation is now public (swire annual report page 142)

2016 2015
J R Slosar 34,248 27,929

"Underlying" Swire profit down 69%, his package up 22.6%

Double gin and tonics all round!

If that's not denial, then I don't know what is.

A river in Egypt?

Maybe the Mexicans could run CX then :eek:

Are we going to start food hedging with the mexicans?