Close Menu
WTX News
    Facebook X (Twitter) Instagram
    Trending
    • Jürgen Klopp on job obsession: ‘Been to two weddings in 25 yrs’
    • Manhunt after woman raped in Luss car park on banks of Loch Lomond
    • Wuthering Heights director warns remake will recreate novel’s ‘enormous sadomasochism’
    • South African ambassador found dead at foot of Paris high-rise hotel, French media reports
    • Danny Beard gags Big Brother audience with swipe at evicted Emily Hewertson
    Facebook X (Twitter) Instagram YouTube
    WTX News
    • Live News
      • US News
      • EU News
      • UK News
      • Politics
      • COVID-19
      • Business
      • Tech zone
    • World news
      • Middle East News
        • UAE News
        • Palestine News
      • Europe
        • Italian News
        • Spanish News
      • Africa news
      • South America
      • North America
      • Asia
    • News Briefings
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Women’s Football
    • MY World
      • Climate Change
      • In Review
      • Expose
      • Special Reports
        • Conscience Convoy
        • Rohingya Report
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • TV Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking recipes
      • Luxury
      • Money Saving Expert
    • Travel
      • Culture
      • Holidays
    • Sign Up
      • Log In
    WTX News
    • Live News
    • World news
    • News Briefings
    • Sports
    • MY World
    • Entertainment
    • Lifestyle
    • Travel
    • Sign Up
    Home - UK News - British Airways-owner IAG braced for turbulence over pay

    British Airways-owner IAG braced for turbulence over pay

    British Airways-owner IAG braced for turbulence over pay

    British Airways-owner IAG braced for turbulence over pay

    • WTX News Editor
    • June 5, 2025
    • 1:36 pm
    • No Comments

    Cliff Notes

    • International Airlines Group (IAG) faces potential shareholder revolt over a proposed £2.7m one-off share award for CEO Luis Gallego at its annual meeting on 18 June.
    • Institutional Shareholder Services (ISS) urges investors to reject the award, citing concerns over the simultaneous operation of this and the existing restricted stock plan.
    • IAG’s performance has rebounded post-COVID, with stronger-than-expected profits reported in Q1, as shares trade at approximately 331p, valuing the company over £15.7bn.

    British Airways-owner IAG braced for turbulence over pay

    The owner of British Airways (BA) is the latest in a string of blue-chip London-listed companies to face investor unrest this year over its executives’ multimillion pound pay packages.

    According to meeting notes, International Airlines Group (IAG) is braced for a shareholder revolt at its annual meeting on 18 June over a remuneration policy that will include a one-off share award potentially worth more than £2.7m to Luis Gallego, its chief executive.

    Institutional Shareholder Services (ISS), the influential proxy voting adviser, has recommended that investors vote against the award, which would vest based on a three-year performance period ending in 2028.

    The share windfall would be in addition to Mr Gallego’s salary, annual bonus and regular incentive award.

    “The one-time award is tied to operating margin performance above the company’s medium-term ambition,” ISS said in a report.

    “The company states that this proposal aims to align the CEO’s compensation package with senior management, address pay compression, enhance competitiveness, and bring the CEO’s pay closer to comparable FTSE peers.

    “While the company’s rationale is noted, material concerns are identified with the concurrent operation of the one-time award and the existing RSP [restricted stock plan], particularly as no reduction has been made to the RSP opportunity.”

    Remuneration policy votes are binding on companies, although the level of opposition that IAG was facing was unclear.

    Since the disruption caused by the COVID pandemic, IAG’s performance has recovered strongly, with the company reporting stronger-than-expected first-quarter profits last month.

    On Thursday, shares in IAG were trading at around 331p, giving the company a market capitalisation of more than £15.7bn.

    IAG, which also owns Aer Lingus and Iberia, has been contacted for comment, but have not responded to our request.

    International Airlines Group (IAG) faces potential shareholder revolt over a proposed £2.7m one-off share award for CEO Luis Gallego at its annual meeting on 18 June.
    Advertisment
    News Headlines
    Manhunt after woman raped in Luss car park on banks of Loch Lomond

    Manhunt after woman raped in Luss car park on banks of Loch Lomond

    South African ambassador found dead at foot of Paris high-rise hotel, French media reports

    South African ambassador found dead at foot of Paris high-rise hotel, French media reports

    Save 70% on VIP subscription
    News Briefings - the way to a better life
    News Briefings - the way to a better life
    Advert by Sponsors
    More from WTX News
    The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
    The latest gaming news
    Hot off the press!
    • Jürgen Klopp on job obsession: ‘Been to two weddings in 25 yrs’ September 30, 2025
    • Manhunt after woman raped in Luss car park on banks of Loch Lomond September 30, 2025
    • Wuthering Heights director warns remake will recreate novel’s ‘enormous sadomasochism’ September 30, 2025
    • South African ambassador found dead at foot of Paris high-rise hotel, French media reports September 30, 2025
    • Danny Beard gags Big Brother audience with swipe at evicted Emily Hewertson September 30, 2025
    WTX News latest breaking news sports and travel
    Latest News and analysis - Deciphering through the BS with exclusive News Briefings
    Facebook X (Twitter) TikTok Instagram

    News

    • World News
    • UK News
    • US News
    • EU News
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Register
    • Advertising
    • Work with us
    • Contact
    • Community
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • How to guides
    • Climate Change
    • In Review
    • Expose
    • NEWS SUMMARY
    • Money Saving Expert

    News delivered to your inbox

    Copyright WTX News 2025

    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.