The company does not disclose the maximum bonuses that individual directors can earn.
Network Rail's maximum bonuses are based in part on punctuality improving to 84%, barely five percentage points higher than this year's bad performance.
Influential shareholder advisory body ISS has advised voting against the remuneration report, highlighting among other things that maximum bonuses are being paid to directors despite BP reporting a loss for 2015.
Bucher's remuneration includes a basic salary of £700,000 and maximum bonuses equivalent to 350% of salary, or £2.45m, in his first year, which drops to 250% of salary in subsequent years.
And the pain of the charitable donations was offset by the board's decision to give the bosses large raises and the maximum bonuses possible, even though the company's stock declined in 2001.
Mr. Baker also sent a letter to the S.E.C. asking it to examine $200 million in deferred expenses in 1998 and whether, as Ofheo concluded, it was done to meet earnings projections that allowed executives to win their maximum bonuses under an employee incentive program.
