in 2020, as restaurants closed due to the pandemic. This resulted in a 20.6% decrease in total compensation of JFC chairman Tony Tan Caktiong, CEO Tony Tanmantiong, and three others to P166.7 million.The decline was mainly due to a 58.7% cut in bonuses in 2020.
Jollibee did not disclose the breakdown, but noted that directors receive a per diem of P60,000 for attendance in a board meeting. Board meetings are scheduled monthly. A director who attends all regular meetings earns a total of P720,000 annually. For instance, Manuel Pangilinan and four other executives of Metro Pacific Investments Corporation got a 25% reduction in bonuses in 2020. However, lower-level officers and directors got a 27% increase in bonuses.
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