Walsh shows ‘restraint’ over pay
International Airlines Group chief executive Willie Walsh received almost £5 million in pay and bonuses last year.
After passing up his performance-related bonus in 2012, Walsh received a bonus of £1.3 million on top of a salary of £825,000.
The rest was made up of long-term shares and pension and benefit contributions.
Keith Williams, chief executive of British Airways, was paid £3m. Iberia’s boss, Luis Gallego Martín, took a 15% voluntary cut.
The figures are detailed in the airline group’s annual report.
Last week IAG returned to the black as it reported full-year profits of €227m (£186m).
In the report, Walsh said: "I look back on last year with a sense of real pride and achievement for what people within IAG have done to put the business on a more secure footing."
The Guardian reports Baroness Kingsmill, chair of the IAG remuneration committee, commending Walsh on continuing "to lead by example in proposing restraint in executive packages".
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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