KLM: Remuneration for Board Members
OREANDA-NEWS. April 16, 2015. FNV Cabine (the union representing KLM cabin crew) yesterday published information about the salary earned by KLM President & CEO Pieter Elbers. On both his appointment as CEO in October 2014 and on the proposed extension of his contract, his fixed salary remained unchanged.
There is no variable remuneration for financial objectives. In accordance with the KLM system, there is a variable component for personal objectives. No (additional) bonuses were paid out. In contrast to what is suggested, the total income earned by Pieter Elbers in 2014, including fixed and variable earnings, decreased by 13% in comparison with the previous year.
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