BA Chiefs Sign £3m Shares Deal, as Cabin Crew Still on Strike
BA Chiefs Sign £3m Shares Deal, as Cabin Crew Still on Strike

British Airways Chiefs are set to sign a deal worth £3million shares.

Seven top executives will cash in as staff, some on just £11,000, are compelled to battle over a 3% rise and are ruled out from the share scheme. The Sunday Mirror can disclose that the bosses are being given out 1.18million shares in a £2.88million deal generated if BA achieves targets over the next three years.

Meanwhile, this is liable to annoy the cabin crew specifically, who have already walked off twice and are all set to strike again later this month in a growingly bitter clash over pay and job cuts.

The deal was signed off on March 19, the day BA's Chief Executive Willie Walsh declined to give cabin crew a raise and stormed out of strike peace talks with Unite Union Leaders, saying, "They have lost interest in the lives of ordinary people".

According to documents, Chief Financial Officer Keith Williams, who earns £450,000 a year, will benefit most. Williams, inclined to substitute Walsh as Chief, gets 325,123 shares worth over £800,000 at the existing price from the deal.

Len McCluskey, Unite Assistant General Secretary, said, "It beggars belief that on the very day Unite was working furiously to avert strikes and negotiate a settlement, BA's boardroom were more concerned with finalizing their bonanza. Cabin crews aren't luxuriating in share windfalls - they're too busy fighting to save their livelihoods".

The airline said, "This plan is in line with most FTSE 100 companies and ensures we are able to attract the best candidates and remain competitive".

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