About: http://data.cimple.eu/news-article/c18b86e4e35e55ab68d0a90cf68800d0d85fc88f7a3f552f05c09ea9

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/c18b86e4e35e55ab68d0a90cf68800d0d85fc88f7a3f552f05c09ea9 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Willie Walsh bowed out Tuesday as chief executive of airline giant IAG amid a protest over executive pay and as the industry struggles with disruption from the coronavirus pandemic. IAG, which owns British Airways, Iberia and Aer Lingus, revealed that only 71.6 percent of investors approved the executive remuneration report at the company's annual shareholder meeting. Walsh's package comprises a bonus of £883,000 (975,000 euros, $1.15 million) and totaled £3.2 million for 2019. The package -- up five percent on 2018 -- was decided before the coronavirus crisis, which has devastated the airline industry by grounding planes worldwide. IAG posted a first-half net loss of 3.8 billion euros ($4.5 billion), while British Airways had already warned it could slash up to 12,000 jobs. Coronavirus "is the worst crisis we have ever faced, far worse than both 9/11 and the financial crash in 2008," Walsh told shareholders. "We are having to re-calibrate everything we do as we anticipate that it will take until at least 2023 or 2024 for passenger demand to recover to 2019 levels." Pilots' union BALPA recently criticised "Fat Cat" bonuses, saying they were a "an insult to staff losing jobs and taking pay cuts". It particularly criticised the proposed 458,000-euro bonus for Ryanair boss Michael O'Leary, whose company is shedding 3,000 jobs. Walsh was due to leave IAG in March but agreed to stay on as Covid-19 swept across the world. He has spent 15 years with the group, during which time he oversaw the 2011 merger of British Airways with Iberia to form IAG, which then expanded. He will be replaced by Iberia CEO Luis Gallego, who is to earn a salary of £820,000 plus bonuses. ved/ar/wai
schema:headline	Willie Walsh leaves IAG amid pay protest
schema:mentions	Iberian Peninsula Ryanair British Airways September 11 attacks Chief executive officer Pandemic Coronavirus Coronavirus disease 2019 FatCat Records Executive compensation Aer Lingus Willie Walsh (businessman) Michael John O'Leary International Airlines Group
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software