Virgin Atlantic bosses to take 15% pay cut

Virgin Atlantic bosses to take 15% pay cut

Virgin Atlantic said on Wednesday that its chief executive and senior leaders would take significant short-term pay cuts in the coming months, as the airline introduces a recruitment freeze across the company in response to the coronavirus fallout.

CEO Shai Weiss will take a 20% pay cut from April to the end of July, while the company’s executive leadership team have agreed to a 15% salary reduction.

Source: Yahoo Finance

Trending Articles

AMD Deals a Massive Blow to NVIDIA

by

on

AMD giving NVDIA sleepless nights

Google’s $2.1 billion Fitbit deal hits roadblock…

by

on

Google’s $2.1 billion Fitbit deaL…

UBS tops forecast on investment banking results

by

on

UBS tops forecast on investment banking results

Southwest Airlines stock rallies after Goldman Sachs…

by

on

Southwest Airlines stock rallies…

Is BlackBerry (TSE:BB) A Risky Investment?

by

on

Is BlackBerry (TSE:BB) A Risky Investment ?

GlaxoSmithKline Is An Interesting Stock

by

on

Here’s Why I Think GlaxoSmithKline…

Ryanair to Cut Back Flights to Italy Amid Coronavirus

by

on

Ryanair to Cut Back Flights to Italy…

Johnson & Johnson’s stock inches up…

by

on

Stock inches up after profit and sales beat…

JP Morgan, $190 Dollar Oil Barrels Possible…

by

on

Could Oil hit $190 /barrel? …

Nasdaq isn’t just beating the Dow and S&P 500

by

on

The Nasdaq isn’t just beating the Dow and S&P 500

China’s Investment in Australia Falls to a 13-Year Low

by

on

China’s Investment in Australia Falls to

United Airlines Sees March Revenue Down…

by

on

Overwhelmingly, caution remains…

Amazon Blew Wall Street’s Expectations Out of…

by

on

Amazon Earnings

Nissan secures $7.8 billion from creditors since April: filing

by

on

Nissan secures $7.8 billion from creditors…

Uber says it will compensate drivers…

by

on

Uber says it will compensate drivers…

Gold Jumps to Biggest Week in 11 Years

by

on

Gold up almost 7%

Airline Stocks Have Gotten Rocked by Coronavirus….

by

on

Airline Stocks Have Gotten Rocked by Coronavirus….

Big Tech’s big test arrives in the busiest week…

by

on

Big Tech’s big test arrives in the busiest…

Asian Stocks Are Mostly Down At The Start Of…

by

on

Asian Stocks Are Mostly Down At The Start Of…

Wirecard administrator sees strong interest…

by

on

Wirecard administrator sees interest from buyers

Copy Invest Markets

Investors Prepare for More Market Swings…

by

on

Caution remains in the stock market…

88 Stocks Moving In Friday’s Mid-Day Session…

by

on

88 Stocks Moving In Friday’s Mid-Day Session…

Why stocks don’t seem worried COVID cases

by

on

Why stocks don’t seem worried about COVID…

Intel admits another defeat with manufacturing issues

by

on

Intel admits another defeat…

Nasdaq earnings expected to benefit from tech rally

by

on

Nasdaq earnings expected to benefit from tech rally

Tesla Tops $1,000. It Could Join S&P 500

by

on

Tesla Stock Could Join the S&P 500 Soon

Climate crisis and Covid-19 conspire…

by

on

Climate crisis and Covid-19 conspire…

Fed warns stock market of a second recession

by

on

Fed warns stock market of a second recession if…

Apple price target raised to $400 at Deutsche Bank

by

on

Apple price target raised to $400 at Deutsche Bank

Tesla stock tops $900, Closes At Record

by

on

Closes At Record…

Hertz’s Stock Doubles To Erase All Post-Bankrupty Losses

by

on

Shares of Hertz Global Holdings Inc…

Twitter shares stumble after high-profile, unprecedented hack

by

on

Twitter shares stumble after unprecedented hack

Crude Oil Prices Fall on Fears of Fresh Lockdowns

by

on

Crude Oil Prices Fall on Fears of Fresh Lockdowns

Flybe collapses! Even after government backing

by

on

Flybe collapses!

JPMorgan Says Giant Volatility Product May Rise From the Ashes

by

on

JPMorgan Says Giant Volatility Product May Rise…

This ‘world-class disruptor’ is the next Netflix…

by

on

This ‘world-class disruptor’ is this the next Netflix?

Goldman Sachs confirms $3.9 billion settlement deal…

by

on

Goldman Sachs confirms $3.9 billion settlement…

Gold storms past $1,800 towards new record high

by

on

Gold storms past $1,800 towards new record high

Netflix pulled off a showstopper early in the pandemic, but…

by

on

Netflix pulled off a showstopper early…

Square Gives Upbeat Earnings Feb 2020

by

on

Square Inc. Upbeat Earnings

Apple $2 trillion? rethinking your investment…

by

on

This chart might have you rethinking investment

Uber scoops up Postmates for $2.65 billion in delivery push

by

on

Uber scoops Postmates for $2.65 billion in delivery

Roku Stock is Even More Attractive

by

on

Roku Still a Strong Buy

Stocks soar after jobs report better then…

by

on

Stocks soar after jobs report

Gold Pierces $1,900 First Time Since 2011, Eyes Record High

by

on

Gold Pierces $1,900 First Time Since 2011…

Stock Futures Point to a Rebound Following Steep Declines

by

on

Stocks and Futures Rebound

Facebook Stock Crashes after Earnings

by

on

Facebook Earnings

High Volatility Is Here To Stay In 2020

by

on

High Volatility Is Here To Stay In 2020…

Bank of America profit more than halves..

by

on

Bank of America profit more than halves…

Adobe Beats Q1 Targets, But Expects…

by

on

Adobe Beats Q1 Targets, But Expects…

Tesla’s Bumper Earnings Report After Years…

by

on

Tesla’s Bumper Earnings Report

Morgan Stanley posts record profit on trading..

by

on

Morgan Stanley posts record profit on trading boom

Bitcoin Jumps Above $10,000 for the First Time…

by

on

Bitcoin Jumps Above $10,000 for the…

Oil Stockpiles Spike 5.65 Million Barrels: EIA

by

on

Oil Stockpiles Spike 5.65 Million Barrels

Apple Earnings Smashes Expectations

by

on

Apple Earnings

Stocks rally, yuan surges as investors bet on China revival

by

on

Yuan surges as investors bet on China revival

Why stocks don’t seem worried about the surge in COVID cases

by

on

Why stocks don’t seem worried about COVID…

Nasdaq trades in record territory…

by

on

Nasdaq trades in record territory as technology-related shares rise, S&P 500 flips positive

what’s in store for stocks through Election Day…

by

on

what’s in store for stocks through Election Day…

These 5 Giant Stocks Are Driving The U.S. Market Now

by

on

These 5 Giant Stocks Are Driving The U.S. Market…

What happens after the S&P 500’s best quarters…

by

on

What happens after the S&P 500’s best quarters…

Boeing Stock Jumps After Analyst Says..

by

on

Shares of Boeing Co. BA, -3.47% rallied nearly 12%…

Gold soars to record high, stocks stay uncertain

by

on

Gold soars to record high, stocks stay uncertain

Dow surges 320 points, briefly retakes perch at…

by

on

Dow surges 320 points, briefly retakes perch at…

Oil prices rise as easing of lockdowns…

by

on

Oil prices rise as easing of lockdowns spurs

Invest In Whole Earth Brands Growth?

by

on

Is Whole Earth Brands A Good Position To Invest…

Alibaba says cloud unit to recruit 5,000 staff globally

by

on

Alibaba says cloud unit to recruit

GBP/USD at 5-Week high, breaks above 1.27

by

on

GBP/USD at 5-Week high, breaks above 1.27

Exxon Mobil, American Express share gains…

by

on

Exxon Mobil, American Express share…

Crypto: safe harbour or stormy sea?

by

on

Crypto: safe harbour or stormy sea?

PepsiCo will take aim at Kraft Mac & Cheese dominance this fall

by

on

Why stocks don’t seem worried about COVID…

Under-the-radar trend suggests market’s hot streak…

by

on

Market’s hot streak is just beginning…

After months of speculation, investors get…

by

on

Months of speculation, investors get…

Closed Apple Stores could change iPhone buying habits…

by

on

Closed Apple Stores could change iPhone buying…