BA Director's Pay
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BA Director's Pay
Thought this might be of interest from the Torygraph...
BA has worst year since privatisation
By Alistair Osborne (Filed: 19/06/2002)
Rod Eddington, the British Airways chief executive, had his total salary cut from £751,000 to £497,000 last year after a turbulent 12 months that left the airline £200m in the red, its worst performance since privatisation.
All the executive directors waived 15pc of their salaries for the six months between October 1 and March 31 as BA fought to contain costs in the wake of a collapse in passenger traffic following September 11.
Neither did any director get a performance bonus, with Mr Eddington forgoing the £185,000 bonus he received in the year to March 31, 2001, when BA made £150m profits.
The latest annual report also shows that the fees for chairman Lord Marshall were cut from £250,000 to £188,000.
Derek Stevens, who retired as finance director on August 31, received a £76,250 early retirement payment. His total salary fell from £292,000 to £203,000.
BA has worst year since privatisation
By Alistair Osborne (Filed: 19/06/2002)
Rod Eddington, the British Airways chief executive, had his total salary cut from £751,000 to £497,000 last year after a turbulent 12 months that left the airline £200m in the red, its worst performance since privatisation.
All the executive directors waived 15pc of their salaries for the six months between October 1 and March 31 as BA fought to contain costs in the wake of a collapse in passenger traffic following September 11.
Neither did any director get a performance bonus, with Mr Eddington forgoing the £185,000 bonus he received in the year to March 31, 2001, when BA made £150m profits.
The latest annual report also shows that the fees for chairman Lord Marshall were cut from £250,000 to £188,000.
Derek Stevens, who retired as finance director on August 31, received a £76,250 early retirement payment. His total salary fell from £292,000 to £203,000.
