RE: Positive news: Further waivers received10 May 2022 08:24
Shareholders are under water, the company is up to it's eyeballs in debt and the boss continues to put himself first...
Cineworld's boss saw his pay nearly double in 2021 despite the cinema chain suffering another difficult year as it struggled to recover from Covid-19.
Mooky Greidinger raked in nearly £1.48m, up from £830,000 in 2020.
The figure was boosted by a hefty £646,000 bonus, which the 69-year old received despite the company posting a pre-tax loss of around £542m as its cinemas remained closed for part of the year due to lockdown restrictions.
He wasn't the only family member seeing his pay surge as Israel Greidinger, Cineworld's deputy chief executive and Mooky's brother, received £1.21m last year compared with £689,000 in 2020 after pocketing a £518,000 bonus.
https://www.thisismoney.co.uk/money/markets/article-10696907/Blockbuster-bonuses-Cineworld-boss-Mooky-Greidinger.html