Philips boss bonuses cut

Philips CEO Gerard Kleisterlee earned €1.59m in salary and bonuses last year, 30% less than in 2007, reports the Telegraaf.

Kleisterlee’s bonus, based on the company’s performance in 2007, was more than halved, the paper said. Last month Kleisterlee said that Philips’ senior executives would not get a pay rise this year.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation