Will Alan Joyce get his $16 million bonus? Qantas board lets the consultants decide
Former Qantas CEO Alan Joyce may be denied over $16 million in bonuses if a third-party consultant finds his mismanagement will void these payments.
Former Boston Consulting Group strategy chief Colin Carter has been brought in by the Qantas board to investigate whether Joyce met the performance measurements required to receive the bonuses.
These payments are split between $13.97 million in long-term bonuses stretching over his 15-year stint at the airlines, and short-term bonuses totalling $2.19 million — with The Australian reporting that Carter is currently interviewing Joyce, members of his executive team, and a number of board members.
When all the the people he ripped off, fired unlawfully, gouged, scalped tickets on, sold non-existent flights, took tax payer money from etc are paid back – the parasite can get some spare change…
How can qantas pay a ceo a bonus who has not delivered to share holders for years,no dividend no bonus.