Influential shareholder advisory service says fat-cat bonuses should be scrapped apart from ‘exceptional’ circumstances By Daily Mail City & Finance Reporter Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 Fat-cat bonuses should be scrapped except in ‘exceptional’ circumstances, an influential shareholder advisory service has said. Pirc said it supported getting … Read more
Willie Walsh has stepped down from the top job at British Airways owner IAG amid a furious investor protest over pay – after nearly one in three shareholders failed to back his remuneration deal. The International Airlines Group (IAG) revealed only 71.6 per cent of investors approved executive pay awards at its annual shareholder meeting in … Read more
Rio Tinto cutting bonuses of three senior executives by almost £4m following destruction of Aboriginal site – but they will still keep their jobs By Hugo Duncan for the Daily Mail Published: 22:08 BST, 24 August 2020 | Updated: 22:08 BST, 24 August 2020 The world’s biggest iron ore miner is cutting the bonuses of … Read more
National Express set to use jobs bonus to cut bus fares: Coaches only running a fifth full after lockdown slump By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 August 2020 | Updated: 21:51 BST, 13 August 2020 National Express plans to use £4million in job retention bonuses to slash ticket prices on … Read more
Leading firms were urged yesterday to forgo millions of pounds in Government bonuses for putting furloughed staff back to work. Business leaders and MPs said that the public funds should be claimed only by companies in dire straits. Taylor Wimpey, Barratt Homes and Redrow said they will not be claiming payouts under the £9billion Job … Read more
Marks & Spencer boss bows to pressure and slashes his bonuses after ditching dividends worth £470m By Tom Witherow And Matt Oliver For The Daily Mail Published: 21:51 BST, 24 May 2020 | Updated: 21:57 BST, 24 May 2020 The boss of Marks & Spencer has bowed to pressure and slashed his bonuses after ditching … Read more
Ex-Army generals have urged the Chancellor to reward frontline NHS workers with cash bonuses as a thank you for risking their lives in the war against Covid-19. General Lord Richard Dannatt and ex-chief of the Defence Staff General Lord David Richards backed calls for nurses, doctors and care workers to be granted a tax-free allowance, … Read more