Willie Walsh sees off pay revolt in last day at British Airways owner

Nearly 30% of IAG shareholders fail to back remuneration report giving £883,000 bonus

Willie Walsh has faced down a pay revolt on his last day as chief executive of British Airways owner IAG, despite almost 30% of shareholders failing to backhis remuneration deal, which included an £883,000 annual bonus.

The payout, which took Walsh’s total earnings for 2019 to £3.2m, was agreed before coronavirus sent the company’s finances into freefall and thousands of pilots, crew and ground staff were either sacked or forced to take substantial pay cuts.

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