AF-KLM CEO Awarded $1.2 Million Bonus; Dutch Gov't Votes Against

NLTimes

The shareholders of Air France-KLM voted in favour of giving a massive $1.2 million (€768K) bonus to the airline group's CEO Ben Smith for his performance in 2019, despite the group working with the governments of France and the Netherlands to secure taxpayer-backed loans and bailouts. The Dutch gov't, which holds a 14% stake in the company, voted against the package.

*Please note: A prior version of this summary incorrectly stated $1.2 billion.

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