Dutch government objects to KLM top executive bonus.
The Dutch government is unhappy with the large bonuses paid to KLM’s top executive, Marjan Rintel. Finance Minister Eelco Heinen believes these bonuses are inappropriate. He argues they send the wrong message to the company.
Finance Minister Eelco Heinen is concerned about the amount Marjan Rintel received, nearly €1.6 million. This payment includes bonuses and shares. The government is worried about this during a year of budget cuts. KLM has also been dealing with labor disputes. The government sees these bonuses as a problem for the company’s leadership.
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Highlights
Government Objects to Bonus
The Dutch government, through Finance Minister Heinen, is objecting to the bonus paid to KLM’s top executive.
Heinen Calls Bonus 'Inappropriate'
Minister Heinen believes the bonus is inappropriate, especially given staff sacrifices.
Rintel Received Large Compensation
Marjan Rintel received nearly €1.6 million in compensation.
Concerns Over Executive Pay
The government is concerned about rising bonuses for the airline’s leadership.
Bonus Viewed as Disproportionate
Finance Minister Heinen considers the payment ‘disproportionate’ during a year of austerity.