British Airways announced pre-tax profits last week that were up 45%. This after the fiasco at Terminal 5, and the fiasco with passengers bags and the fiasco with the unions...anyway after a number of rotten things that happened with the airline in the past year. The profits of nearly £900 million means that there is £35 million to be shared amongst the staff. Everyone of the 42,000 or so employees will get some money...except Mr Walsh. Infact even shareholders who have had no returns from BA in 7 years will receive dividends.
Mr Walsh decided to forgo his £700,000 in bonus because of the T5 fiasco. What a shame! If anyone deserves that money it is Willie Walsh. Why? Because that man and his team are so focused on their strategy that nothing not even something as big as what happened in T5 or the quarrel with different unions or any thing for that matter has stopped him from making BA profitable. I am, however, disappointed that he would let the media dictate whether or not he accepts his bonus. I feel that he chose not to accept the bonus because of what he perceived to be a media fallout if he did.
Mr Walsh, you are a leader but not a true leader if you let outsiders determine how you run your life or company.
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Betty, Sorry it has taken me so long to reply (if you read the post you will know why). Thank you for the comments. I promise I am going to write more this year.
Amie
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