British Airways asks employees to work without pay

[free4440273]

I wonder how many employees 'fell ill' today...just a thought

 

[Hot Mega]

CEO foregoing a whole year of pay ? £750k saved
Staff foregoing 1 month ? £150 million saved

You do the maths

If true, that's allot of money. The problem is what effect do you think displacing £150 million in one month from the marketplace will have on the overall economy..not just British Airways' economy?

 

[Facial_King]

CEO foregoing a whole year of pay ? £750k saved
Staff foregoing 1 month ? £150 million saved

You do the maths

Unless you mis-typed, I'd guess that you're underestimating the annual pay of the CEO.

But I'm not sure...

 

[sproing99]

Unless you mis-typed, I'd guess that you're underestimating the annual pay of the CEO.

But I'm not sure...

Willie Walsh's salary is £734k pa

 

[sproing99]

If true, that's allot of money. The problem is what effect do you think displacing £150 million in one month from the marketplace will have on the overall economy..not just British Airways' economy?

It'll be spread over a year, at least that's what they've said

 

[Hot Mega]

It'll be spread over a year, at least that's what they've said

Over a year then??

 

[sproing99]

Over a year then??

Well, it's an 8% drop for one fairly large company.

The drop in City bonuses on the other hand, several billion

 

[Facial_King]

Willie Walsh's salary is £734k pa

Ok then. That's fairly modest for a CEO, actually.

(Whether he actually "earns" that much is another matter!)

Nonetheless, the CEO should probably skip at least 6-9 months worth of salary in order to feel the pinch as much as the regular staff who would be asked to work for nothing (by whatever method)...

 

[sproing99]

According to the annual report, bonus is a maximum of 100% of salary:

http://www.britishairways.com/cms/global/microsites/ba_reports/corp_gov/cg_rem.html

 

[tittenman]

Fair enough request they dont actually do all that much in my opinion anyway.