EasyJet relaxes exec pay goals as CEO’s remuneration dives

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London - EasyJet relaxed performance targets for chief executive officer Carolyn McCall as the discount carrier seeks to bolster pay and retain top managers amid a downturn in the European aviation market.

EasyJet must achieve a return on capital spending of 13% for the next three fiscal years in order to trigger full long-term incentive payments, down from a previous goal of 20%, according to the company’s annual report released on Monday.

The weighting of various measures of success in determining incentive and bonus payments will also be reviewed, Europe’s second-biggest low-cost airline said in a statement.

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