Former Qantas boss Alan Joyce received $3.4 million for his last two months in the job. In his last two years,he took home nearly $20 million.
The financial successes that spawned Alan Joyce’s cult-like following among investors ultimately led to the former CEO having largely unfettered decision-making power.
Qantas had been under pressure from politicians,investors,employees and customers to claw back about $11 million of Joyce’s bonuses from his final pay packet.
The average realised pay for the chief executive of an ASX100 company in the 2023 financial year was 50 times what an average Australian worker earned.
Canberra has played a game of one-upmanship on supermarket bashing over the past six months and may make the Guinness World Records for the use of the term price gouging.
The airline has enlisted an influential governance expert to advise on whether to claw back up to $16 million from the former CEO’s performance-based pay entitlement.
Director of Public Prosecutions Raelene Sharp,KC,received a pay rise after Attorney-General Mark Dreyfus wrote to the independent Remuneration Tribunal to assist in its review of the pay packet.
Tesla shareholders have voted to restore Elon Musk’s controversial pay package,but the fight might not be over for the mercurial billionaire.
Tesla shareholders are expected to approve yet again the largest incentive package in US history. If they do,the unprecedented package will no doubt be challenged in court again.
Elon Musk is one of the great entrepreneurs of the century,but even he isn’t worth the biggest pay packet in history.
Richard Tornetta is an unlikely campaigner against one of the world’s richest men.