|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
30th of December 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  
December 22, 2010    

BAA boss forgoes bonus over travel chaos

Bookmark and Share

by Kay Murchie
”BAA

Heathrow airport’s boss, Colin Matthews, has announced he will forgo his 2010 bonus after saying he was “responsible” for the recent crisis at the snow-hit airport.

Mr Matthews said: “We’ve had a crisis here. I am responsible and I have decided not to take my bonus.”

However, BAA would not disclose what Mr Matthews’ six-figure bonus would have been but last year, he received £994,000 in pay and bonuses, excluding shares.

Many passengers have had their Christmas travel plans delayed or ruined after heavy snow hit London on Saturday.

The snow and ice over the weekend and earlier this week meant thousands of flights were grounded after the airport, which is Europe’s busiest, was forced to close during one of its busiest periods of the year.

The airport, which was criticised for its response to the severe weather, is now clearing its passenger backlog.

Discuss this in the Finance Markets forums

Story link: BAA boss forgoes bonus over travel chaos



Financial Services:





Related financial stories to: BAA boss forgoes bonus over travel chaos:
Previous: «
Next: »

Visited 426 times, 2 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , backlog, , Colin Matthews, , forgo, Heathrow Airport, , , , unprepared