Alan Joyce gets $5m+ pay package

[rechoboam]

On the director's proxy question, what moa999 has posted is correct. There was on average no more than a couple of million proxy votes allocated to chairman's discretion.

A breakdown of QF's biggest shareholders is included in their annual report on pg. 109 (which is the norm for publicly traded entities) which is extracted from the share registry.

I've quickly screen-captured the relevant chunks of that page, as it would be impossibly time consuming to present it here in a tabular form.

View attachment 4389

...
View attachment 4390

Why are the second list not included on the first?

On another note, whatever criticism AJ deserves, QF just has a fundamental problem.
Running a "local" company in a global marketplace is extraordinarily difficult.
If I compare some of the experiences I had on my recent US trip or, say, my last trip to Singapore, to the equivalent restaurant/hotel/airline lounge/limo service in Australia...the local product is severely wanting. With relatively high pay, strong economy, good employment prospects, and a strong societal safety net, frontline staff just don't have the same passion here. And the cost base is so much higher. This isn't necessarily terrible - I'm happy not to be seeing the trailers of day labourers being carted around between building sites like I have seen in Asia and the Middle East - but providing full-service airlines or any luxury product is difficult to do on a competitive basis. I don't see what the solution is and no, I definitely wouldn't want AJ's job.

 

[thewinchester]

Heads up: Qantas have just scheduled an urgent press conference for 1700 AEDST today (4min from now).

LiamR will be posting updates coming out of the presseto this thread.

 

[medhead]

On the director's proxy question, what moa999 has posted is correct. There was on average no more than a couple of million proxy votes allocated to chairman's discretion.

that might be correct but it is still not true to say the majority on institutions voted as 30% of shares were not voted at all.

A breakdown of QF's biggest shareholders is included in their annual report on pg. 109 (which is the norm for publicly traded entities) which is extracted from the share registry.

I've quickly screen-captured the relevant chunks of that page,

All very interesting but the more relevant question, that I raised, is the weighting of institutional holdings compared to market.

 

[LAH]

OT - my daughter reminded me of this song :

Still Call Australia Home - The Chaser's War on Everything - YouTube

Still call Australia home - the Chasers war on everything

Had a good laugh watching it again.

 

[drron]

Another AJ salary beat up -.-

Virgin didn't even make a profit last year, should JB not get paid altogether?

Yes so true.And last year JB had a salary package of 3.5 million-more than AJ even though running a smaller airline,at a loss and whose share price fall was as bad as QF.

Yet according to many here he can walk on water.

 

[tuapekastar]

Just mentioning something I read some months ago. I'm sorry I cannot recall the man's name nor his company, nor do I know if he practised what he preached, but he was an apparently respected CEO of a large Australian company who has retired in the last year or two. His mantra was that a company's CEO should be paid a maximum of 30 times what the lowest paid worker in the company receives. Just found it an interesting view.

 

[oz_mark]

I believe you refer to Paul simons who was woolworths CEO in the 90s. Mind you there was a time when very few ceos exceeded that ratio.

Sent from my HTC Legend using AustFreqFly

 

[Flying High]

Just mentioning something I read some months ago. I'm sorry I cannot recall the man's name nor his company, nor do I know if he practised what he preached, but he was an apparently respected CEO of a large Australian company who has retired in the last year or two. His mantra was that a company's CEO should be paid a maximum of 30 times what the lowest paid worker in the company receives. Just found it an interesting view.

Why 30? This is what annoys me about people who whinge about executive salary packages. For many people there is no 'acceptable' figure. $5m too much for Alan Joyce? OK, is $4m OK? $1.5m? etc, etc...

Pointless argument.

 

[The Rok]

Qantas chief awarded $600k for performance

 

[TheInsider]

Would love to know what his targets are!

 

[thewinchester]

Would love to know what his targets are!

I'd posit one of these was bringing a swift end to the carrier's IR troubles...

*ducks*



----
Sent using my Roman era abacus.

 

[Robert K]

If there isn't any real news to report, maybe it's time to bring big brother back.

 

[medhead]

I'd posit one of these was bringing a swift end to the carrier's IR troubles...

*ducks*

No comment about the evil, unrealistic, overpaid, unreasonable, unfair, waste of space union thugs who are destroying an honest little Aussie battler with a heart of pure gold? Who are you and where is the real Thewinchester?


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

 

[thewinchester]

No comment about the evil, unrealistic, overpaid, unreasonable, unfair, waste of space union thugs who are destroying an honest little Aussie battler with a heart of pure gold? Who are you and where is the real Thewinchester?

Unless one has taken leave of their senses, I *believe* that was your battle cry around these parts medhead.

*runs away chuckling into the new year like a man possessed*

 

[dfcatch]

No comment about the evil, unrealistic, overpaid, unreasonable, unfair, waste of space union thugs who are destroying an honest little Aussie battler with a heart of pure gold? Who are you and where is the real Thewinchester?


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

On that point - did he win the ALP Presidency or did he fail to rally the bruvvers effectively?

 

[amaroo]

Nothing to see here.

Just a decent wage for a decent job.

 

[pauly7]

Nothing to see here.

Just a decent wage for a decent job.

Yawn... Agree.

No doubt a certain alcoholic union head will start screeching soon. Hopefully he gets ignored as I have a sore head!

 

[dfcatch]

Nothing to see here.

Just a decent wage for a decent job.

I'm honest.... I'd love AJ's salary

But I don't want his job.......

Dammit...... I'll have to work harder

I owe, I owe, so off to work I go.......

 

[whiteshark]

I dont care how much he gets paid - as long as i get what i pay for.