Qantas CEO Alan Joyce monetary rewards package has jumped to a whopping $24.6 million in 2017 (almost double the $14.3 million he got in 2016). It makes him one of the highest paid CEO’s in Australia. His base pay was unchanged at $2.1 million and his cash bonus fell to $1.7 million. However, he scored $20.08 million under a share incentive scheme, a bonus for resurrecting Qantas financial fortunes. Mr Joyce’s pay packet for the past year is almost 300 times the amount full-time workers earn each year on average — $83,637.
Qantas chairman Leigh Clifford defended Mr Joyce’s pay package, saying Qantas was “now one of the best performing airlines in the world”.
“There is no question that these pay outcomes are high,” he said. “That’s because they reflect the company’s exceptional performance, including our top ranking for total shareholder return among global airline peers and every company on the ASX 100.
Source: Qantas chief Alan Joyce scores Australia’s biggest pay cheque in $25m bonanza by Peter Taylor, Herald Sun September 15th, Qantas CEO Alan Joyce doubles pay in massive bonus by Candace Sutton news.com.au September 16th.