Virgin Australias chief executive John Borghetti's remuneration fell last financial year as he missed out on long-term incentives worth almost $1 million because of the airline's $98m annual loss. Also Virgin Australias executives will stay on their 2012 fixed pay rates after the airline's board decided it was "not appropriate" to review them this year in the wake of last year's $98 million annual loss.
(The Australian 2013)
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