FlyerTalk Forums - View Single Post - Air Canada VP Ben Smith hired for the Air France - KLM CEO position
Old Sep 18, 2018 | 10:09 am
  #227  
CZAMFlyer
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Originally Posted by longtimeflyin
That's in base salary only. You're missing the complete picture.
Salary is salary and bonuses + options are on top of that. Some CEOs receive a token salary + the gravy, and others - like Smith - receive a healthy salary + gravy. I don't think any of the picture has been missed.

Originally Posted by The Lev
Given French tax rates, he won't be taking home many more Euros than that after paying half his salary to acquire shares and most of the rest in taxes... Unless he earns his bonuses.
Some people interpret investments will be made with half of pre-tax salary; others assume half of post-tax salary. It wasn't made clear, but there's more than one way to calculate the amount left over to invest. Let's also assume the CEO of a large corporation has access to rather proficient accountants tasked with minimizing tax burdens.
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