Executive Directors [forego] Compensation
Mar 31, 2020, 9:03 am
#1
Original Poster
Join Date: Jun 2006
Posts: 5,894
Executive Directors [forego] Compensation
Executive Directors Compensation
Kifissia, 31 March 2020
Aegean Airlines S.A. (the ‘Company’) hereby notifies that a) Mr. Eftichios Vassilakis Executive Chairman and the sole shareholder serving an executive role in the Board will forego his compensation for the services offered during fiscal year 2020 and b) Mr. Dimitrios Gerogiannis, CEO of the Company will also forego his compensation for the services offered for fiscal year 2020. Compensation for fiscal 2020, should have not being foregone, would have otherwise being paid in 2021.
https://en.aegeanair.com/-/media/abo...n_en310320.pdf
Kifissia, 31 March 2020
Aegean Airlines S.A. (the ‘Company’) hereby notifies that a) Mr. Eftichios Vassilakis Executive Chairman and the sole shareholder serving an executive role in the Board will forego his compensation for the services offered during fiscal year 2020 and b) Mr. Dimitrios Gerogiannis, CEO of the Company will also forego his compensation for the services offered for fiscal year 2020. Compensation for fiscal 2020, should have not being foregone, would have otherwise being paid in 2021.
https://en.aegeanair.com/-/media/abo...n_en310320.pdf
Apr 1, 2020, 1:53 am
#4
Join Date: Sep 2012
Location: NW London and NW Sydney
Programs: BA Diamond, Hilton Bronze, A3 Diamond, IHG *G
Posts: 6,344
Yes, a good example, but what exactly are they giving up, salary? Bonus?
Also someone really needs to improve their English... "Compensation for fiscal 2020, should have not being foregone, would have otherwise being paid in 2021"
Also someone really needs to improve their English... "Compensation for fiscal 2020, should have not being foregone, would have otherwise being paid in 2021"
Apr 1, 2020, 8:41 am
#5
Join Date: Apr 2011
Posts: 89
I read that as bonuses and stock grants, if any.