Hong Kong’s Cathay Pacific pays top bosses 20% more than before pandemic despite flight blunders, ongoing woes
- Cathay Pacific paid about HK$60.62 million to its 20 executive directors last year, up 21.6 per cent compared with 2022
- CEO Ronald Lam the highest paid, with HK$10.45 million

According to its latest annual report, the company paid about HK$60.62 million (US$7.8 million) to its 20 executive directors last year, up 21.6 per cent compared with HK$49.84 million in 2022 when Hong Kong was still gripped by the Covid-19 pandemic.
Current Cathay CEO Ronald Lam Siu-por was the highest paid, with a package worth HK$10.45 million, including a bonus for the preceding year. His pay soared by 32 per cent from HK$7.91 million in 2022.
Rebecca Sharpe, the company’s chief financial officer, became the second-highest paid director and pocketed 35.8 per cent more at HK$9.71 million last year from HK$7.15 million in 2022.
Cathay chairman Patrick Healy also received HK$8.66 million last year, a pay rise of 38.56 per cent compared with HK$6.25 million in 2022.
Alex McGowan, who was appointed executive director in April 2023, took home HK$4.63 million last year. McGowan, the company’s chief operations and service delivery officer, apologised for a flight cancellation blunder at the beginning of this year.

