Wizz Air & Gravity Payments | Executive pay is spiralling, but one CEO is bucking the trend

• This week, CEO of European budget airline Wizz Air, Jozsef Varadi, won approval from shareholders for a potential £100million ($139million) payday.

• The case sparked furore among shareholders, but the firm insisted it acted in the best interests of its stakeholders. 

• But is CEO pay spiralling out of control? One CEO believes so, and decided to do something drastic to combat it...

Executive pay is swiftly becoming one of the most hotly-debated subjects among stakeholders and shareholders. Over the past few months, Grapevine Leaders has reported on numerous cases of rebellions against bonus structures, the disparity between workers and bosses, and how anxious corporations are luring executives with inflated pay packets.