Compensation boost for Orbitz international business head signals its strategy
Skift Take
Giving the head of your international businesses a monetary incentive to improve their performance is just plain old capitalism and a bow to human nature.
Just three days after Orbitz Worldwide's latest CFO left the building for good, the company quietly gave the head of its international businesses his second raise in less than six months.
In an SEC filing, Orbitz revealed that it is giving Tamer Tamar, senior vice president, international, and president of OWW's London-based ebookers, a 3.6% salary increase to around $450,000, and hiked his target bonus percentage to 100%, up from 75%.
Importantly, Tamar's amended employment agreement, which also had been revised upwards in August 2012, now makes him eligible for approximately $1
