Pay & Performance

Pay & Performance.

The idea, in the business world, is that the compensation you receive is commensurate with your performance level. You do a good job, even exceed expectations, and you get paid handsomely. Your performance is not up to snuff and your pay gets docked.

Seems fair? I would say so.

So, here is the guy in charge of Heathrow Airport (I never liked the place, going back decades!), who had some half a million people stranded for days because of the weather, with many forced to line up outside for what must have seemed like an eternity. So what does he do? He “magnanimously” decides to forego his 2010 bonus. Ha!

Isn’t his salary (before bonus) already $900 thousand a year? Or is that 900 thousand pounds (= $1.3 million)? I think he should be out there helping to shovel snow for a while, to earn some appreciation for performance, before he gets his next pay check.