Russian invasion of Ukraine meant it was easy for Centrica to greatly exceed financial targets, so does the CEO deserve his vast bonus?
Companies with rising share prices and dividends do not suffer rebellions over boardroom pay. This rule is not infallible, but it applies most of the time.
A company can enjoy an accidental piece of good fortune, which in turn spits out a large number from a mechanical bonus machine, but almost nobody bothers to protest that the executives’ big payday owes as much to luck as skill. Investors are too busy counting their own windfalls.
