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Head of Air France-KLM waives bonus after criticism

After protest in the Netherlands waived the boss who in the Corona crisis on State aid hoping airline Air France-KLM, Benjamin Smith, on Bonus payments.

For 2020 he waived the variable part of his remuneration, previously he had for the duration of the crisis already waived a quarter of his fixed salary, said Smith on Thursday in Paris With.

According to the official registration document Smith A fixed amount of 900,000 euros was granted for 2019. In addition, there would have been a bonus of EUR 768,456, which was set on February 19, but should have been decided on May 26.

In addition, there are of course long-term benefits that would be paid out in 2022. This includes share claims that are valued at two million euros in the document.

Incompatible with state aid

The Dutch finance minister previously had Wopke Hoekstra a possible bonus for Smith criticized. “We find Bonus payments in this Crisis times not reasonable and not with help Taxpayers’ money compatible, “said the minister of the newspaper” De Telegraaf “.” We will make this clear to the company, even during the shareholders’ meeting. “

The modalities of one Bonus payments were adjusted at the beginning of April, the newspaper said.

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