Day: September 11, 2020

Ryanair CEO Bonus Challenged as Crisis Sparks Pay Scrutiny | Investing News

PARIS (Reuters) – Ryanair

boss Michael O’Leary’s proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month.

Proxy advisor Institutional Shareholder Services (ISS) said the pay award for the financial year ended in March “raises concerns” and was hard to justify amid the unprecedented aviation crisis sparked by COVID-19.

Ryanair declined to comment on the voting recommendation, reported earlier by the Financial Times.

The pandemic is increasing pay scrutiny at companies that have taken government aid or slashed jobs. Criticism of O’Leary’s package follows an ISS recommendation against British Airways owner IAG’s

883,000 pound ($1.17 million) send-off for retiring CEO Willie Walsh.

While both votes are non-binding, any rejection of pay plans by IAG investors on Sept. 8 or Ryanair’s Sept. 17 meeting would be highly embarrassing for either of

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DiscGenics Appoints Former Medtronic Spine and Biologics Finance Executive as First Chief Financial Officer

SALT LAKE CITY, Sept. 10, 2020 /PRNewswire/ — DiscGenics, Inc., a clinical stage biopharmaceutical company developing regenerative cell-based therapies that alleviate pain and restore function in patients with degenerative diseases of the spine, today announced it has appointed former Medtronic Spine and Biologics finance executive, Jeff Poole, as its first Chief Financial Officer (CFO).

Jeff Poole, Chief Financial Officer for DiscGenics

Mr. Poole has over 13 years of progressive finance leadership experience in medical devices, and significant experience within the spine market, most recently serving as Vice President of Finance for Medtronic Spine and Biologics, a major division of Medtronic, PLC. In this role, he served as CFO for the global business unit with over $2.5 billion in annual revenue responsibility. Mr. Poole also has extensive international experience, particularly in Asia Pacific, where he held various leadership positions with increasing levels of functional and strategic responsibilities

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