Originally Posted by
rockflyertalk
I’d quite like to hand a board of directors new contracts that require up to 50% pay cut in their salaries..:that’s really where some savings should come from along side other savings sure. I get savings should or need to be made but this seems cruel and a disaster for society in the longer term.
Does the board take any pay cuts in these types of scenarios? And I don’t mean bonuses or divis.
The company I work for, our CEO is taking nothing to Apr 2021. The board have taken a 50% salary cut and cancelled their 2019 performance bonus in order to keep some money in the pot for staff to stay on.
In terms of IAG, I would be shocked if any of the board took anything more than a 10% pay cut. It seems ivory towers are very much impenetrable.