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
RBS set to reward its bankers with bonuses of £305m – 10% less than last year By Helen Cahill, Financial Mail On Sunday Published: 21:48 BST, 1 February 2020 | Updated: 21:48 BST, 1 February 2020 RBS is set to reward its bankers with bonuses of £305 million – 10 per cent less than last … Read more
Virgin Money chiefs give up bonuses worth £1m in response to coronavirus crisis By Helen Cahill For The Mail On Sunday Published: 22:26 BST, 11 April 2020 | Updated: 22:26 BST, 11 April 2020 Boss David Duffy (pictured) and other executives will forgo cash bonuses for 2020 Virgin Money bosses are giving up cash bonuses … Read more
Google has been blasted for paying just £44million in corporation tax in the UK last year despite handing out more than £1billion in pay and bonuses to staff. The payment is down on the £66million paid in 2018, due to profits falling following the hiring of 800 workers, including 400 new research and development (R&D) … Read more
Now give up your bonuses, bankers told: Industry under fire over pay after axing £8bn of dividends By Lucy White For The Daily Mail Published: 21:57 BST, 1 April 2020 | Updated: 21:57 BST, 1 April 2020 Banks are under pressure to cut their bosses’ multi-million pound bonuses after axing more than £8billion of shareholder … Read more