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General

Unions call KPN CEO's bonus excessive

Monday 29 February 2016 | 11:32 CET | News
The union FNV Publiek Belang has criticised what it calls the excessive remuneration of KPN CEO Eelco Blok in 2015. The union said Blok's bonus doubled, something incomprehensible for employees given the continuous austerity measures at the Dutch operator. According to KPN's annual report, Blok received a variable compensation of around EUR 1 million last year. That compares to a bonus of EUR 548,000 in 2014. The union said the gap between what directors earn and employee's salaries is only getting bigger. The bonus, which comes on top of the 'regular' bonus of around EUR 500,000, does not

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Categories: General
Companies: KPN
Countries: Netherlands
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