Worldwide

EasyJet share price: CEO asks for pay cut to match predecessor

EasyJet share price: CEO asks for pay cut to match predecessor”

The new, male C.E.O. for EasyJet, Johan Lundgren, announced today that he voluntarily took a pay cut so that his compensation is more appropriately in line with that of his predecessor, a woman, according to a report in Travel + Leisure. He will now reduce it to match the £706,000 earned by Carolyn McCall when she left easyJet.

"We at EasyJet are absolutely committed to providing equal pay and opportunities for men and women", said Lundgren.

Johan Lundgren became the budget airline's chief executive on 1 December, starting with a salary of £740,000.

So let's call this an important start - both in message and in action - aimed at keeping the critical conversation going. In all other respects his remuneration package is identical to his predecessor.

The gender pay gap in EasyJet is now 51.7%, but the budget airline says this is not because of unequal pay for women.

The airline has a 2020/20 target where 20 percent of new pilots will be women by 2020, up from 6 percent in 2015.

The overall gender pay gap at easyJet is 51.7%. EasyJet has already gone further than other airlines in trying to attract more women into a career as a pilot.

EasyJet said its average male salary was nearly 52% higher than the average female salary - largely because there are so few female pilots.

This gender imbalance is an issue for the whole aviation industry.

Only 4% of commercial pilots worldwide are female.

"We recognize we need to do better", the company said in a statement.

Last year, the business recruited 49 female new entrant co-pilots, a 48 per cent increase on the previous year and takes the proportion of easyJet new entrant female pilots to 13 per cent. This is because 94 per cent of pilots are male, a gender imbalance it has attributed to a "deep-seated view in society that being a pilot is a male job". The company recognizes that re is still room for improvement, and objective is that, for 2020, 20% of new pilots are women.



Like this

Latest


01 February 2018
Jaguar I-Pace to debut before Geneva; cold-weather testing video released
EV batteries don't usually like the cold, but Jaguar figured out a clever solution to that problem. I-Pace recently scooped the most anticipated new auto award of 2018 at the What vehicle ? awards.

31 January 2018
Central Intelligence Agency chief: We will steal secrets on behalf of the American people
He also repeated his message that North Korea is close to developing missiles that could be used in a nuclear attack on the US. Officials are unsure whether the disastrous intelligence failure was due to a mole or a data hack.

29 January 2018
Triple Talaq Bill, poor farmers top agenda, says Modi
Today government made a strong decision that they will ensure passage of talaq bill in the Budget session of the parliament. Parliament will be adjourned for recess on February 9 to reassemble on March 5.

29 January 2018
Janelle Monáe gives stirring Time's Up speech at Grammys
Rainbow was nominated for Best Pop Vocal Album, and " Praying " was up for Best Pop Vocal Album. Her song about empathy in the face of pain is the emotional highlight of tonight's awards.

28 January 2018
United States stocks open higher after earnings reports
US stock index futures rose ahead of Wall Street's open Thursday as Caterpillar reported better-than-expected quarterly results. Benchmark 10-year notes US10YT=RR last fell 11/32 in price to yield 2.6599 percent, from 2.621 percent late on Thursday.

28 January 2018
Soros Rips Facebook, Google at Davos
The business magnate believes US internet-service companies are already tempted to give into the demand of authoritarian states in order to gain access to their markets.

28 January 2018
Modern fossil discovery rewrites human history
The revelation means early Homo sapiens left Africa at least 120,000 years earlier than we had previously thought. The entrance to Misliya Cave, one of several caves located on the west side of Mt.

27 January 2018
Trump taunts Schumer for taking 'such a beating' on government shutdown fight
Mr Trump ended the Daca programme, whose protections did not include a path to citizenship, last September. The White House plan is a clever ploy to use the Dreamers as leverage to advance a nativist agenda.

27 January 2018
Michigan State athletic director announces retirement
They spoke directly to victims, as fathers, as women, as people who had pledged to care for students at this public university. Michigan State gymnastics coach Kathie Klages resigned past year after she was suspended for defending Nassar.

25 January 2018
Police In Pakistan Arrest Suspect In Zainab Ansari Murder
The incident led to angry protests in various parts of Kasur that resulted in at least two deaths and several injuries. According to the initial post-mortem report, the minor was strangled to death after being raped multiple times.



Recommended