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easyJet bosses waive annual bonuses due to tough year in 2010

20-Jan-2011 12:36 PM

easyJet PLC management waived their rights to bonuses for 2010 after carrier suffered from a series of disruptions and a slew of negative publicity in 2010 (Wall St Journal, 19-Jan-2011). CEO Carolyn McCall would have received USD253,700 (GBP159,000), while CFO Chris Kennedy would have been eligible for USD77,000 (GBP48,000). Former CEO Andy Harrison would have received USD426,000 (GBP267,000). Performance targets were fully met, but certain management and staff, excluding the executive management team, would have been entitled to 50% of their maximum entitlement.