Performance related pay – some food for thought BA v Banks
We’ve all heard the rumpus about bankers getting bonuses while the bank is still loss making. I can’t say I agree at all, as I can’t see a reason why someone should be substantially rewarded when losses are being made. While reading the news recently (April 1, 2011), I noted that British Airways CEO Willie Walsh, did not take a bonus for two years while the company was loss-making (see here). Contrast that to Royal Bank of Scotland. According to the Guardian, bonuses totalling £950m are to be paid out despite £1.1 billion in losses. Or out another way, the loss would be £150m if no bonuses were paid out. I am not getting into the personalities or the companies, but surely what the likes of BA have done is both logical and financially sound.
Tags: Performance related pay
About martinjquinn
I am an accounting academic, accountant and author based near Dublin, Ireland.My books…
Some topics I write about....
Translate my blog (using Google Translator)
My tweets
- Do you speak accounting? martinjquinn.com/2021/02/22/do-… 4 days ago
- #ASTI @NormaFoleyTD1 Irish 3rd level institutions have about 2 x the number of students than leaving cert. All ass… twitter.com/i/web/status/1… 2 weeks ago
- Domestic waste costs in Ireland martinjquinn.com/2021/01/25/dom… 1 month ago
- Where is the “value” in value-added tax? martinjquinn.com/2021/01/11/whe… 1 month ago
- Ireland’s restaurants, while I have sympathy I am getting fed up listening to the complaints re COVID. Not that man… twitter.com/i/web/status/1… 2 months ago