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Profits come first for bosses

This article is over 14 years, 9 months old
Vestas proudly states that, "With a 20 percent market share, and 38,000 wind turbines installed, Vestas is the world’s leading supplier of wind power solutions."
Issue 2161

Vestas proudly states that, “With a 20 percent market share, and 38,000 wind turbines installed, Vestas is the world’s leading supplier of wind power solutions.”

This is not out of concern for the environment. As Vestas chief executive Ditlev Engel said after he took over, “The business had been run by people who were idealists rather than dollar-based.”

In 2008 Vestas’s global profits increased by 51 percent to £575 million.

And the first three months of this year saw a 70 percent increase in profits to £50 million.

The company accounts reveal that last year the 13 directors and executives shared £9.45 million in wages and bonuses.

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