A £100m bonus is one step closer for
Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy that could see the boss awarded the huge bonus if he can increase its market cap to more than £12bn.
That would require
The airline recieved another bloody nose from investors as its overall remuneration policy was voted through by a similar margin.
Despite the investor resistance, Wizz said in a statement to the
“The Board understands the issues raised by certain shareholders but is wholly satisfied that the adoption of the Value Creation Plan, the new Remuneration Policy and the Wizz Air Omnibus Plan, all of which are designed to generate superior returns based on the achievement of market leading targets, are in the best interests of the Company, its shareholders and other stakeholders.”
Shares in Wizz ended the day’s trading up 0.8 per cent to 4,659p, double what they were at the start of the Covid-19 pandemic.
The post
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