Qantas has finally unveiled how much its senior leadership were paid in 2023.
Former chief executive Alan Joyce has been paid $21.4 million after departing the carrier two months early, as the Qantas board stripped back his short-term bonus and has delayed the delivery of further entitlements after a horror month for the carrier business.
against Qantas over allegedly selling tickets for cancelled flights in 2022. Joyce was paid $11.9 million on a statutory basis for 2023.Nine“Much of the loss of trust stems from allegations by the ACCC. We recognise the important role of the ACCC and the company has co-operated fully with its investigations, which only crystallised into material allegations when legal action was announced on 31 August this year. These allegations are concerning and have the board’s full attention,” Goyder said.
The Qantas board have been under immense pressure since Joyce’s departure to claw back the short-term bonuses of its executives in light of the turmoil at the carrier. Qantas’ share price has plummeted by more than 13 per cent over the past six months and now sits at $5.39.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Qantas chief Alan Joyce paid $21.4 million as board withholds executive bonusesQantas has finally unveiled how much its senior leadership were paid in 2023.
Read more »
‘Goyder is spread too thin’: AFR readers want Qantas chairman goneAlmost 80 per cent of surveyed readers say that Qantas chairman Richard Goyder should resign and that former chief executive Alan Joyce should be stripped of his bonuses.
Read more »
Ex-chief justice to help work out Qantas deal for outsourced workersThe Federal Court has ordered the airline to attend a month of mediation to negotiate millions of dollars in compensation for 1700 illegally sacked workers.
Read more »
Qantas chief Vanessa Hudson ordered to face mediation over sacked workersA judge has ordered the new CEO be directly involved in compensation talks after Qantas lost its High Court appeal over the outsourcing of ground crew jobs.
Read more »
Qantas chief Vanessa Hudson ordered to face mediation over sacked workersA judge has ordered the new CEO be directly involved in compensation talks after Qantas lost its High Court appeal over the outsourcing of ground crew jobs.
Read more »
Qantas chief Vanessa Hudson ordered to face mediation over sacked workersA judge has ordered the new CEO be directly involved in compensation talks after Qantas lost its High Court appeal over the outsourcing of ground crew jobs.
Read more »