From NOS TV in the Netherlands:
Bonuses at Philips rise significantly
Update: Monday, February 22, 2010, 13:02
The bosses of Philips are getting much higher bonuses. Eg, CEO Kleisterlee gets a bonus for 2009 of about 962,000 euros, more than four times the bonus for 2008. The annual report says so.
Kleisterlee will get more shares and options as well. His salary is 1.1 million euros. The other bosses of the electronics group will receive a substantial bonus as well.
See also here.
The European Metalworkers’ Federation (EMF) condemns the fact that Philip’s management is celebrating the company’s results by dishing out outrageous bonuses to management as revealed in the 2009 annual report: here.
Britain: Brown criticised over fat-cat tax exemptions: here.