Merged: GD gives himself an outgoing payrise!

[RYAN TCAD]

What an A**Hole - this dick gives himself a $190,000.00 payrise just as he's about to leave. Probably to make up for the loss in share price along the way.

AND he gives himself a ride in the A380 today as well!

Read it here...

Qantas CEO lifts FY08 fixed salary - Breaking News - Business - Breaking News (http://news.smh.com.au/business/qantas-ceo-lifts-fy08-fixed-salary-20080930-4r1l.html)

So what does he think of his staff? - I hope somebody F*CK'S HIM with a pineapple someday!

[Martin VanNostrum]

The greed of Wall Street is the same as the greed of Pitt Street.

[stubby jumbo]

,,,,,,,,,,I thought I read ages ago that all Executives have got a "wage freeze" for this financial year.

What happen to that?

Talk about LEADERSHIP.

....maybe can he get a gig as an advisor to George Bush.....-intellect levels are on par:rolleyes:

[Wod]

Hang on.

Good year.

Everybody's pay went up, and they got (or get) a $2000 bonus. ( say an extra 3% for someone on $70,000p.a.)

And your whingeing that the boss got a rise.

Settle petal!

[jaded boiler]

His payrise was only in the vicinity of the CPI. Obviously he needs to keep up with the rise in cost of living expenses. :}

[lambsie]

"everybody's pay went up" ???

I don't think so. Long Haul Pilots EBA is now nearly 2 years expired. We haven't had a pay rise in a long time.

[Aim Point]

Qantas chief pockets $12m | smh.com.au (http://business.smh.com.au/business/qantas-chief-pockets-12m-20080930-4r82.html)

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad: :mad::mad:

[lowerlobe]

This is what the stink about the bail out plan in the US is all about....Congress does not want to give nearly a trillion dollars to the club that caused this mess.

The boys at the top preaching about restraint and then they give themselves another payrise on top of the millions they already get...

There was a company in the US the other day that went under but not before a CEO gave himself a $10 mill bonus.....

By the way I think you will find that Darth and others have a clause in their contracts that says the company will meet the difference in their shares if they dip below a certain amount...so they won't miss out in any way if the market drops...

Gordon Gecko is alive and well....

[lowerlobe]

Wod...What is the matter with all staff and that means Darth as well getting a $2000 bonus for a good financial result ?????

All other staff regardless of their position got $2000 so why shouldn't he?

If you use the argument that some have more responsible jobs than others then the bonus to all staff should have been on a sliding scale.....say starting at $2000 and going up....but no it wasn't was it?

[Wod]

Perhaps I overcompensated for jumping to conclusions on Nancy-Bird.

And I take the point that not everyone's pay went up.

[RedTBar]

And I take the point that not everyone's pay went up.
You gotta love him when he gives himself a bonus 95 times more than other staff.......Not a bad pat on the back.
Now he can afford one those electric gopher carts that pensioners use so he can keep mobile when he retires.
Thats another thought,I wonder if he is gonna apply for a pension?

[neville_nobody]

Well if this isn't the height of hypocrisy I don't know what is. While he was carrying on with with all his doom and gloom spin, and how unions were about to sink the airline he managed to get a 84% pay rise on the previous year.:ok:

Qantas chief pockets $12m | smh.com.au (http://business.smh.com.au/business/qantas-chief-pockets-12m-20080930-4r82.html)


Qantas chief pockets $12m

QANTAS'S departing boss, Geoff Dixon, was paid almost $12 million last financial year, at the same time he was calling for wage restraint from staff to counter high jet fuel prices.

The salaries for Mr Dixon and his senior executives are likely to create discontent among the airline's staff, who have faced a management intent on capping wage rises at 3 per cent a year and which has laid off 1500 workers.

Mr Dixon's total package of $11.92 million for the year to June included a cash bonus of $3 million and almost $6.4 million in share-based payments. The value of the share component has fallen since grant date and was worth $3.86 million at year-end. Nevertheless, it is big rise on 2006-07, when Mr Dixon's total package reached $6.5 million.

Qantas's share price fell 45 per cent last financial year as it battled high fuel prices and a slowing economy in the last quarter. Yesterday the stock fell 10c, to $3.13.

The airline has also faced heightened fears about the safety of its aircraft and serious problems with its schedules after a 10-week industrial dispute with aircraft engineers.

In May Qantas said it was freezing senior executive pay in response to the high fuel prices.

The carrier's annual report, released yesterday, shows the total package for the former chief financial officer Peter Gregg rose about 50 per cent, to $6.04 million. It included a share-based payment of almost $3 million (worth about $2 million at year-end) and a cash bonus of $1.48 million.

The third-in-charge at Qantas, John Borghetti, took away $2.69 million - almost unchanged - as well as share-based payments of $2.8 million ($2 million at year-end).

Qantas's chief executive-in-waiting, Alan Joyce, enjoyed a 44 per cent increase in his pay to $2.4 million for the year. Mr Joyce, the boss of Jetstar until this week, also benefited from share-based payments valued at $2.3 million at grant date.

Unions have been seeking annual pay rises of about 5 per cent for their members at Qantas.

[MrWooby]

And by his own admission, he had his eye off the ball for six months during the APA bid. And, if the APA bid had gone ahead, QANTAS wouldn't exist today.
Great work Geoff, you sure earn't you're money.

[sthaussiepilot]

Well actually if it had gone ahead Qantas and APA would have survied (apparantly, I dont know the details, but do a search in the forums, theres a few posts about it)

But yeah, pretty irresponsible when the engineers cant get their 5% out of them

[breakfastburrito]

Well actually if it had gone ahead Qantas and APA would have survied (sic)I'll just clear this up, if APA bid was successful, Allco would have survived. Qantas would have been mortgaged to the hilt with short term debt, and highly unlikely to survive given the current credit market freeze.

[sthaussiepilot]

Ah ok, well there we go...

(That makes much more sense than what I said:ok:)

Cheers

[el_capitano]

Dixon pockets $12m pay cheque

While Staff at QF are lucky to get a measly $1000 bonus and after tax that drops down to about $600 after tax, this is what your out going Chief has been paying himself and the rest of his croonies.... And what did Dixon cost QF for his unwillingness to talk with the engineers over their pay dispute and then he goes and gets paid how much, what a croc........ So Boys and Gals at QF next time the EBA is up and you want 5% pay increase instead of 3% it should not be a problem.


QANTAS'S departing boss, Geoff Dixon, was paid almost $12 million last financial year, at the same time he was calling for wage restraint from staff to counter high jet fuel prices.

The salaries for Mr Dixon and his senior executives are likely to create discontent among the airline's staff, who have faced a management intent on capping wage rises at 3 per cent a year and which has laid off 1500 workers.

Mr Dixon's total package of $11.92 million for the year to June included a cash bonus of $3 million and almost $6.4 million in share-based payments. The value of the share component has fallen since grant date and was worth $3.86 million at year-end. Nevertheless, it is big rise on 2006-07, when Mr Dixon's total package reached $6.5 million.

Qantas's share price fell 45 per cent last financial year as it battled high fuel prices and a slowing economy in the last quarter. Yesterday the stock fell 10c, to $3.13.

The airline has also faced heightened fears about the safety of its aircraft and serious problems with its schedules after a 10-week industrial dispute with aircraft engineers.

In May Qantas said it was freezing senior executive pay in response to the high fuel prices.

[Capt Wally]

guys & gals there's little you can do about "tricky dickies" self funded rip off but you have one thing (well most of you lot at QF) that Tricky hasn't, YOUTH!!!
Piece of mind & being able to sleep straight in bed of a night time is worth far more than all the monies he has recieved.

Tricky will be gone for good & worm food probably well b4 most of QF's current workers & all the millions that he has 'taken' won't help in an inch!






CW

[RedTBar]

Skystar320 might be shedding a tear at the thought of GD going to the corporate lunch room in the sky but I for one will not.
The problem is that he is but only one of them.
He will walk out the door one day but another will take his place all to soon.

[el_capitano]

For Geoff's farewell from QF, the people that put the compilation of F.O.D on "youtube" together should send him all the copies to say F.O.D just one more time.....:ok:

[el_capitano]

RedTBar you are spot on with that. QF does not replace the departing dead beats with anything but more rejects from the reject shop. As soon as I read that Alan Joyce the new wonder boy for QF wanted to engage the staff it made the ebola virus look attractive. The word engagement must be AJ's new word for last month and he had to learn how to use it in a sentence.

[Ixixly]

Does anyone need any more proof that there is no justice in this world? People like this with multi-million dollar paychecks who tell everyone else to tighten up the belt... if there was any justice in the world a man like GD would have been offed a long time ago!

[sthaussiepilot]

As soon as I read that Alan Joyce the new wonder boy for QF wanted to engage the staff it made the ebola virus look attractive. The word engagement must be AJ's new word for last month and he had to learn how to use it in a sentence

El Capitano,

:ok::D hahahahahahahahahaha

Well Put :ok:

[el_capitano]

You know there is no difference between Geoff Dixon and Jeff Skilling the former CEO of Enron, they both screwed the company and the staff for everything they could get out of it, the main difference is one is spending his days as ass bait in sing sing and the other is getting away with it.

If you analyse the Enron Board it doesnt look much different to what QF has today!!!!!!!I mean QF has its own Andy Fastow aka Peter Gregg CFO, there are so many similarities its scary.......:E

[RYAN TCAD]

...and can you believe that AJ enjoyed a 44% increase in his package! The next A**HOLE in waiting.

I hope that somebody screws him sideways with a pineapple too!

Bo!

[Max Tow]

However much you may rate the guy, there is of course no way that GD's work could be rated for remuneration as justifying the equivalent of say 60 QF Captains' salaries. The simple truth is that power is being abused in a way worthy of any African dictator, by the boards of companies all over the world who have their collective noses in the trough, moving wealth to themselves in amounts beyond any fairness, at the expense of both shareholders and fellow staff. The oft quoted rationale of motivation and risk-taking has long since been lost - bonuses are paid in good times and bad, and failure is often rewarded as handsomely as success. The so-called independent remuneration committees are usually no such thing, being often stuffed with non-executives who are simply directors from other companies, who just indulge in mutual back scratching. Ditto the boards of the majority shareholding institutions, guardians of our savings and pension funds, who should but don't stop this with their AGM votes, no doubt fearful of setting off a chain reaction on their own City bonuses. In short, the alleged corporate governance system relies on foxes to guard the chicken coop!

[ausmastiff]

Licenced Aircraft Engineers at QANTASLINK Tamworth have not had a pay rise since July 2005. It is a bit hard to swallow the companies offer of 3% PA when the CPI is over 4% and the boss gets a payrise of nearly $200,000. Thats nearly 4 times the average annual pay of the engineers. Maybe gd could go to Tamworth and tell the guys face to face why he is worth so much. All I can say is gd GFYS.

[hadagutfull]

Maybe Tricky is cashing up for the legal shyte fight that he may find himself in when he pulls the pin.....
There are many who want scalps for the APA fiasco, the freight cartel mess, etc
They might be waiting in the wings so it does not damage the red rat... but when he goes he will be cannon fodder I hope.

Does that I.C.A.C thing still exist???? (Independent Commission Against Corruption)... They would have a field day at QF with all their dirty deals and jobs for mates, and ill put you on my board if you put me on yours....
:mad:ing disgraceful !!!!:ugh:

[QFinsider]

Did anyone seriously expect anything more?

They were the smartest guys in the room too..........:E

[RYAN TCAD]

...or the dumbest!

[argusmoon]

A pseudonym for a human obscenity.
The Doctor who delivered this little phucker has a lot to answer for

[Hugh Jarse]

The Doctor who delivered this little phucker has a lot to answer for

When he was born, the doctor slapped his mother. :)

[teresa green]

Whats the bet he turns up at Telstra, perhaps the NRMA board, one of the insurance companies (well, one that has not gone broke) The Commonwealth bank would be nice, but you can bet he won't be doing Meels on Wheels just yet.

[RYAN TCAD]

...and of course this! What a two faced hypocrite. He really respects his staff - and so will Joyce! See it here -

Dixon in the $10m high club | smh.com.au (http://business.smh.com.au/business/dixon-in-the-10m-high-club-20081006-4v3j.html)

Pineapple please!

[dragon man]

$12mill for trashing a brand, ruining one of the top 6 airlines in the world, getting the staff totally off side, pissing off the paying passengers, sorry customers, and leaving the cupboard bare aircraft wise for the future. The board should hang their heads in shame and do the honorable thing and resign. I wont hold my breath. They wouldnt know how to spell respect.

[Skystar320]

nd leaving the cupboard bare aircraft wise for the future

So the new A380's & 787's coming consitutes a bare cupboard?

[kellykelpie]

This has probably been written before, but how can a guy that's earning millions per year like Joyce say that he believes Qantas pilots are overpaid?

When was the last time he earned less than a Qantas pilot's yearly salary in one month?

[wirgin blew]

I think what he meant was the A380's are behind schedule and the 787 is even further behind. Meanwhile they are flying some aircraft that should have been retired and are taking more and more time to maintain. If CASA suddenly decided to ground a certain type due to "issues" then what would QF be able to do at short notice?

[blow.n.gasket]

SKYSTAR ,mate,
With the looming worldwide economic meltdown and the subsequent drying up of affordable capital ,I'd suggest the magnitude of the order for new aircraft may have to be altered to match what the Company can afford.
In fact I could give you 35 billion reasons why the size of the firm orders will in all probability be reduced!:uhoh:
Let us see what transpires from the Board Meeting in November shall we.

[hadagutful]

Hey folks I've come in late but after seeing the story on TV tonight re Dixon and his retirement package I am bloody disgusted.

Qantas is struggling to maintain it's integrity, it has gone backwards in safety, service and reasonable airfares.........and that jerk takes a multi million dollar goodbye package.

No wonder the morale at Qantas is shot and it has lost the plot.
Sad to see all that history tarnished by greed and incompetence.

Shame on you Dixon and all your cronies and BLOODY GOOD RIDDANCE!

Let's see if Joyce can restore some public faith in what could be a good company.............................:*:*

[EchoNovemberTango]

I wouldnt count on it.......:(

I think Joyce is being built up on a few pictures of smoke and mirrors....:suspect:

[woollcott]

As well as GD, I see DC's package went from approx 700k to 2.1 million.
Fantastic reward for stuffing QF engineering, trashing the brand and driving down morale.

AND he has just spent the last 6 months preaching wage restraint!!!!!!!!!
So much for the freeze on executive salaries......

[lowerlobe]

So the new A380's & 787's coming consitutes a bare cupboard?
Skystar....How long before that were any major aircraft purchases made?

The company could do with more aircraft right now not in years to come....:(

What would you say if WA police had not ordered any new push bikes for you guys for years and then told you that they have put this big order in but they would not be here for ages ?

That's right and you would still be riding around on your 15 year old Malvern Star with back peddle brakes and other 80's technology.

Did anyone else hear about that bank in the US that went broke but 3 weeks before it did it hired a new CEO and paid him 12 million.....it's these sort of things that have caused this entire mess but the corporate world do not seem to care.

It's yet another example of ......"Do as I say and not as I do"

[Ex QF]

Will it get any better at Qantas? Just like CEO that lowerlobe mentioned above, these people today, not only do they not care, they just don’t get it.

When I read about Dixon on this forum from you guys still at QF it makes me think of many Gen Yer’s

Why are they the way they are? Why do they believe they can come into the workforce and expect to be running the place within months? They just take the pi55 all the time. I have recently employed a girl who went through the QF Graduate program - what a mistake I made. Confident yes, but actually knows 'jack!!!!e’ it's all about her. It's about what she can get out of the company, now!. Have smiled often when Dixon says his staff are well paid, I’d say in many fields they are not and therefore Qantas are not employing the best people, just people who are willing to get into an industry for it’s benefits.

What I'm getting at - when you have someone like Dixon, Cox etc and the QF Board for that matter, then the Gen Y'ers, what help for the people who have been around for 15 years plus who still respect the name, brand, history and wish to continue doing a job with the reward of being paid each fortnight?

I was told recently that a Gen Y'er employed straight out of Uni with a degree in Aviation Management told a long term employee that 'he was old school, been here too long and because he didn't have a degree, was not wanted at Qantas'. The guy - 42 years young had knowledge (gee more than Dixon) of the industry and simply smiled at the young upstart and said, 'so how will "we" fix this problem' and the response from the responsible manager, the young upstart, was 'you've been here forever, you should know.' Funny? No, I guess it’s just sad.

[hotnhigh]

Or is it a case of three(?) strikes and you are out. Or perhaps it's five or six.
Let's see....
APA debacle.
744 near complete electrical failure, 744 explosive decompression, and now the A330 with uncommanded flight control excursions and some disscussion surrounding the application of AD's.
Many will say all events are unrelated and just plain bad luck, but you could also argue they are, or will be seen, as the legacy of the dixon era. Symbols of an organistion that has been belted by the continuous cost cutting regime and up until this point, relied on it's front line staff, to defend the operational integrity that the management drive has produced.
And to believe that the ceo is rewarded with a package that defies his own statements regarding executive bonus schemes is truly breathtaking.
Yep, Qantas is in great shape. Thanks Geoff.:ugh:

[Buster Hyman]

Great shape, but not necessarily the shape it was designed to be in!

[argusmoon]

Dixon has a nickname...."Errol".
Why?
Because everything he touches he phucks.
The only thing leaving in good shape is Dixon.

[mrpaxing]

last night on channel 7's today tonight they gave dicko a good pasting. should happen more often:yuk:

[el_capitano]

QF loves employing people straight out of University with Bachelor Of Aviation Degrees not the flying part of the degree but just the management side of it, these are the Gen Yer's I am referring to, and they do this because they believe that if you have a degree you must be intelligent.

From first hand experience in a department I use to work in there was a split 1/2 old timers 1/2 uni grads, the uni grads were a disgrace, they thought they knew everything about aviation and flying just because of a degree.
I was talking with a colleague about good old Chuck Yager and during the conversation one of the the uni wonder team had no idea who this man was..the same individual had no idea how to read an ILS plate either which is quite scary considering part of their job deals with approach minima's and the same person also felt that we should all be on AWA's as they would be a good idea as did the rest of the university crew. Now this is coming from a person who's first job was working for QF straight out of uni, they moved into a quite a responsible and respected position because of their degrees.

I also recall another conversation with one of the Gen Yers about how they got the job they were doing and one of the responses was "I had no idea what the job was or what was involved in the job, I just went along to the interview because I heard it was QF". Now there were many other employees who had better credentials for the job but were passed over because they supposedly did not have enough experience in the industry, yet these Gen Yers with no work history at all might I add moved straight into the job because of a piece of paper...

Others that have worked in this particular department have started from the bottom level working there way up, learning the ropes and culture of the department and company.

Now here is the best part the reason these uni wonder crew were employed was because the department manager at the time wanted to bring in cheap labour at the time and pay these people a lower pay scale to do the same job with a heavier work load than what previous full time QF employees were paid.

You have to love some of these QF managers, where they get their ideas from is scary......

[Led Zep]

Yep, pity it was today tonight but a burning is a burning regardless. It should happen more often. So much for the executive pay freeze. Didn't think hell could ever freeze over. :}

[Van Gough]

I was reading somewhere he was paid almost $12 million this year? No wonder the economies around the world are going downhill. The executive bonus system needs a massive overhaul..

[Going Boeing]

He's the $12 million dollar a year man, the second highest paid airline executive in the world.

And despite Qantas' damaging cut-backs and faltering safety record while he's been chief, CEO Geoff Dixon is about to reap rewards, bailing with what's predicted to be a sky-high payout.

"You can guarantee that there is a big package waiting for him when he leaves the airline as well. The package is not only regards to the annual salary but there's share options and superannuation, and we understand he is at $8 million of super tipped in last year alone," says Dave Oliver.

Dave Oliver, National Secretary of the Australian Manufacturing Union representing Qantas' engineering and maintenance workers says it's hypocritical when management is intent on capping wages increases at just 3 per cent.

"1500 jobs will disappear out of this airline between now and Christmas and whilst this is there, we've got a CEO that's got a wage package of $12 million up from $6.5 million the previous year and telling workers they have to exercise wage restraint, not acceptable."

Consider the airlines woeful record in recent times. Just yesterday a shocking incident injuring 40 passengers and crew, 15 seriously hurt, as Qantas Flight 72 from Singapore to Perth suddenly lost altitude.

Geoff Dixon's case highlights the gap between executive salaries and employees' pay - it's widening every year. Recent research found Australia's top CEOs 16 years ago earned 27 times the average income of an Aussie worker, now they earn 100 times more.

"Our members earn roughly 50,000 per annum. If you break Geoff Dixon's salary package down it's almost $200,000 a week. So in one week Geoff Dixon is earning the equivalent of four years salary of one of our members," adds Dave.

Our rich are getting super-rich. Top earner, Nicholas Moore CEO Macquarie Bank, $26.7 million per year, Phil Green, Babcock & Brown around $17 million, Greg Gailey of Zinifex $16.7, Frank Lowy, Westfield Group $14.4, Wal King, Leighton Holdings, $13.8 million a year.

Consumer spending in Australia is witnessing a sluggish period as purse strings are tightened across the country. However, be grateful for life Down Under as the UK and US are undergoing even more precarious times, with some believing the economical super powers are edging towards a fully fledged recession.

Australian consumers spent just over $20 billion in June, to post retail's weakest growth in six years. This signals a slowdown in overall economical performance as growth in retail trade fell by a seasonally adjusted 1.0 percent in June after a surprise 0.7 per cent increase in May, according to the Australian Bureau of Statistics.

"The retail figures for the June quarter are of concern to NSW businesses and highlight just how tough this year will be," said Kevin MacDonald, CEO of NSW's peak business group, NSW Business Chamber.

"Higher petrol prices, uncertainty in financial markets and higher interest rates appear to have dampened consumer confidence and when confidence falls, so too does consumer spending."

CEOs paid millions in bad times. :yuk: :yuk: :yuk:

[Van Gough]

My opinion is the executive bonus system would work alot more efficiently if it was somehow linked to the companies performance in 10 or so years time instead of year by year. All the current system does is encourage short term profits at any cost and does little to inspire the people at the top to plan sustainably for the future.

[BrissySparkyCoit]

Well, it's been floating around for a while now, still just under 2 months to go!

http://img216.imageshack.us/img216/4421/foddayty2.jpg

Nice scaleable PDF version here (http://www.mediafire.com/download.php?myzhwvjyeyw) (Looks nice in full colour A3 size!)

[mmciau]

Truth be known that the 'departing' CEO reads this thread every day so he can get his belly laughs!!

He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay

Mike

[RedTBar]

So Mike what part of GD's team do you work in?
He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay
Mate I think you will find that is exactly the point of this thread!

It also seems to be fairly consistent with the attitude of a number of CEO's around the world.

[packrat]

An overblown sense of entitlement
Displays no remorse.
Cannot empathise.
Narcissisistic.
Lacks introspection.
Dixon shares these traits with many Company CEOs running large corporations over the last ten years.
It is dysfunctional swine like this who have brought us to where we are now.
They leave carnage in their wake but leave with enormous wads of cash.
Totally obscene..bordering on criminal and definitely morally bankrupt.

[Ka.Boom]

Several years ago this American equivalent of Dick Smith hired a new CEO.
He quickly determined that there were too many long serving staff who were earning way too much.
He began removing them and replacng them with cheaper leass experienced people.
Circuit City filed for bankruptcy earlier this year.
Before the bankruptcy petition he left with a golden parachute of 8 million bucks.
When this mess finally clears perhaps boards should start looking at a different style of CEO.
CEOs who are actually competent and want to make the business profitable rather trhan rewarding themselves with huge pay rises and stock options.
This stockmarket rout is a wake up call...no more bastards like Dixon

[another superlame]

Well now his legacy will include a very low share price.

And that in turn will reduce his net worth due to the shares and options her recieves. That is poetic justice in a way

[blow.n.gasket]

It would be poetic justice ,except, I'm told there is a small clause!
The company will make up any shortfall in the share price if it falls below the deemed price.
Now weren't we told that the execs got paid so much because so much of their remuneration package was at "risk".
Big risk, so it turns out.
Old joke I know, "How can you tell if a Qantas manager is lying?
His lips are moving":{

[another superlame]

Well bugger me gasket.

That is a sneaky little clause

[teresa green]

Geoff, if you read this forum, and you probably do along with Qroom, how about you consider a piece of that golden handshake of yours goes to the RFDS after their great work the other day for the PAX of the A330, and also Careflight. Oh and whilst on the subject, a quick recovery to all pax, cabin crew, and the F/O who scored some fairly nasty injuries.

[dragon man]

No single thing would do more to improve the moral of Qantas staff than the scrapping of the executive bonus scheme. They (the executives) would then be in the same position as the rest of the staff in Qantas. Do your job properly and well or go. It is a disgraceful scheme and has done untold damage to the airline and made the various sections of the airline disfunctional as no one department cares about the ramifications its decisions have on another department in Qantas. All they care about are KPIs and therefore their bonus's.

[mmciau]

RedTBar

So Mike what part of GD's team do you work in?
Quote:
He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay
Mate I think you will find that is exactly the point of this thread!

It also seems to be fairly consistent with the attitude of a number of CEO's around the world.


No, but knowing these type of people as I do, they care for only one thing in this world and that is themselves and they have absolutely no hesitation whatsover in tramping over everything in their way to get what they want ( and more) if they can.

All is never enough for them

'you got it, they'll take it'


Mike

[captaintunedog777]

Good on him. $12 million. See ya Dixon.

[lowerlobe]

Good on him. $12 million. See ya Dixon.
..Yeah and welcome mini me

[teresa green]

I assume you mean pear shaped!:rolleyes: Interesting article in the Australian yesterday (Aviation) where the kiwis are including the execs along with the chief pilot in day to day jobs, if you are to believe the CP he has just finished changing 7 wheels on a maggot (under lame supervision) now I would personally do anything to see the same at QF, in fact I would take a comfortable chair, a few lighties and a couple of sangas and sit all day and consider it great entertainment!:D

[RYAN TCAD]

Great! - if indeed they do read these posts - and i hope they do, most would agree that the day GD dies and moves along the 'DEATH ONE DEPARTURE' route guided by the Grim Reaper, (and he most certainly will) many people will in fact be relieved and yelling HIP HIP HOORAY!

Not too many people will remember that piece of !!!! for any good deeds.

[indamiddle]

fog or mini-me changing a tyre? you're dreaming!

[DutchRoll]

Well, if all the other staff got a $2000 bonus then certainly it is fair that Geoff should've got a bonus too.

Of $2000.

How much was it that he gave himself again??

[Ex QF]

Would Dixon fly QF?

When he does go and starts to spend his hard-earned $$$, what airline do you think he will start to use when jeting off overseas?

Would he fly with QF? Does he have faith in their maintenance standards? Does he like the service? What about the meals?

How would he be accepted on board?

Or will he fly SQ? CX, etc?

[max1]

I would assume buried in his departure ticket would be some little gem about lifetime free first class travel on Qantas.

[indamiddle]

during the recent industrial action fog was due to travel to singapore on QF31.
due to a/c probs he flew with BA as QF 5 does not have !st class.
when travelling !st class with QF he does not eat or drink on board.
...for very GOOD reasons. all the crew love him sooo much.
and the same level of service will continue during his retirement.
FOG 'why does my water have a blue tinge?'

[QFinsider]

Money is a poor substitute for integrity..Dixon needs all the money he can get.

[argusmoon]

No one individual runs a corporation.
You have managment levels and divisions of responsibilty.
Qantas for example is run by a(senior) management collective of around 200.
All are remunerated according to their level of responsiblity.
Dixon earns $12mill and the wage level diminishes downwards from there.
No human is clever enough,educated enough or infallible enough to deserve that sort of money.
The financial mess we are now in has been created by people like Dixon who earn enormous sums of money but who are not held accountable when they screw up.
Kevin Rudd has identified this characteristic of "Extreme Capitalism"as something that needs to be dealt with....Reasonable Remuneration and reasonable accountability.
The mess Dixon has made should see him receive nothing.In fact some of his earnings should be returned.A tribunal dealing with such matters should be initated and appropriate reparations made by the offending individual.

[rodchucker]

First time post, but long time observer and SLF, so be kind.

I have been observing commentary on GD, and am appalled at the rewards he has extracted/been granted from the QF patch. Where are the Board? If these rewards are truly justified by performance where is the "reward" for failed/dubious buyout, trashing of brand,alienation of staff, some serious maintenance issues,US Price fixing and probably more.I thought he was the one in charge, but seeming not in all respects.

Rewards that are solely based on profits at whatever cost are the cause of long term problems, and this is one of the best examples of current deliberations on corporate culture.

A number of years ago, the AMP Board took a stand on a departing CEO and basically said, sue us if you are game. Why then isnt there pressure on QF Board to explain why these payments are justified and hold them accountable. Then again, I guess I wake up.

Time to take a stand I say, and forget the bland statements of legal rights. Hold these people TRULY accountable in regards to the full picture and not just what suits their arguments at the time.

I suspect the commentary on abstinence in First Class consumption (if true)says it all really, and must make us (and the Board) wonder what makes a true leader.

I know what my view is and we should all stand up and be counted.

[Flyingblind]

argusmoon, well said i can only agree.

If enough people complain loudly about this then some day something will be done, shareholders need to screem the roof down when CEO pay is thus distorted.

We may yet live to see the demise of the Robber Barons.

[Ex QF]

"Dixon shares these traits with many Company CEOs running large corporations over the last ten years"

"If enough people complain loudly about this then some day something will be done, shareholders need to scream the roof down when CEO pay is distorted."

"No one individual runs a corporation.
You have management levels and divisions of responsibility."

So when does someone become accountable?

If as previosuly documented,
"Staff morale at rock bottom."
The CEO should have the ‘Head of People’ removed, once done the Board should have the CEO removed, as the buck stops there.
However, not that long ago, the Chairman (woman in this case) was so close to the CEO that it just wouldn’t / couldn’t happen. ASIC should have therefore stood the board down. (Can that happen in OZ?)

"Service standards cut to the bone."
The CEO should have had the ‘EGM Qantas’ removed, once done the Board should have had the CEO removed. Oh but that wouldn't happen as the CEO and Jackson were as clos as?

"Product no longer competitive."
See above

"Mixed fleet including many old aircraft."
So the CEO should have had the CFO removed (because I’m sure I read that it was a Finance Dept decision) as he was responsible for saying yes or no – it may have been his analysts earning $65k p/a but hey, the buck stops with the CFO, once done the Board should have quit as they signed off on this.

"Operational and safety record in tatters."
So the Heads of Operations and Safety should go as they are responsible for Operational & Safety decisions, etc and if they reported to the EGM Qantas well he was sacked 3 points back – so it should be the CEO who goes.

"Divided brand/workforce."
The CEO & Head of People, are they not responsible?

"Huge executive bonuses."
The CEO, CFO, Renumeration Committee

"Short term profitability."
The CEO, CFO, Board and also executives

But why stop there? , CFO (plus 2 or 3) , EGM Qantas (plus 2 or 3), Head of People (plus 2 or 3) , Head of Safety (plus 2 or 3) , EGM Engineering (plus 2 or 3).

The plus 2 or 3 means 2 or 3 direct reports because what you don’t want is for those incompetent people to simply step up because nothing will change.

But just perhaps the Clifford is doing something ?

THE Qantas board has another vacancy after its longest-serving director called it quits yesterday after 16 years.

Mike Codd joined the airline's board in January 1992 and served as chairman of the safety, environment and security committee and a member of its audit committee. The airline announced yesterday that his retirement would take effect immediately.

"Mike joined Qantas prior to its privatisation and has made a significant contribution to the success of Qantas, especially given the many challenges Qantas and the airline has faced over the last decade," Qantas chairman Leigh Clifford said.

Mr Clifford has brought on several new faces since taking the helm at Qantas last November.

Appointments this year include E.I. du Pont and Nemours executive vice-president and COO Richard Goodmanson, former British American Tobacco finance director Paul Rayner and Country Energy chairman Barbara Ward.

[Lodown]

So has Dixon done anything illegal? Nope!

Can he be arrested for over-indulgence in QF funds? Nope! (Leaving the goose and taking the eggs.)

Wave goodbye as he rides off into the sunset. He might be one of the last in a high profile group of execs to receive the exorbitant bonus for slash and burn strategies. The economy will see to that.

[RYAN TCAD]

You'll catch him dining around the restaurants down at Balmoral Beach where he lives. Usually from 6:30pm onwards.

Be sure to 'boo' him as you walk past. - F*CKWIT!

[kellykelpie]

What? He gets time to go to the beach? I thought Dixon said that his pay was justified because "running Qantas is a 24 hour a day, 7 days a week job".

Maybe he exagerated?:confused:

[Redstone]

12million handshake, parasite!

[Clipped]

GD interview -

Dixon ready to wing it from Qantas on a high | The Australian (http://www.theaustralian.news.com.au/business/story/0,28124,24507828-23349,00.html)

"I'm going to enjoy myself -- go horse-riding, read books, do all the things I haven't been able to do. I'm looking forward to doing it. You make your own opportunities. I always have."

Last sentence - You certainly did Geoff, 11.93 million of it, in just that last year alone, you epitome of greed and hypocrisy. At 68 yo, I'd say do as much as possible - there ain't that much time left.

Now FOG

[sthaussiepilot]

Dixon, who has been seen as one of the hardmen of corporate Australia, admits that there may be a different attitude at the top of Qantas with the more affable Joyce in charge. "Alan brings a different set of skills," he says.


Hardmen... well thats one word for it...

[teresa green]

Poor bloody horse!

[blow.n.gasket]

Gee up, whoo back
Gee up, whoo back
:E

[Capt Wally]

I see the Govt are looking at raising the tax for the 'fat cats'. From 45 cents in the buck to 50 cents. One minister even mooted 60 cents in the buck. Such increases wouldn't have that much impact on the likes of 'darth' he'd just give himself more to compensate:ugh: I'd love to see it at 60 cents for the real 'thieves' of corporate business.
With the threshold being $180K & then upwards it won't bother most of us in here. Just as a quick calc a pilot on say $180K a year gets taxed at the new proposed rate (50%) takes home $90K, theroetical numbers really. At say 800 hrs a year behind the 'wheel' that's around $112 per hr. I worked out what I take home against the hrs I fly per annum & I'd better shut up b4 I have all the jet Capt's wanting a cushy job like mine:E
It ain't all about money 'Darth', at yr age spend it quick 'cause am sure yr kids are waiting with baited breath!:E


CW

[FFRATS]

Great to see Allco selling off assets and still has its head under water. :confused:
Would have been a great Xmas gift for Geoff to leave staff, with this joke of a company as it's part "owner", selling your livelihood (and it's only solid asset)while he departs with millions. I guess it's cheaper than the Qantas pen for xmas.
No wonder he won't answer questions about failed bid, it's beyond a joke! QF would be F#*ked right now.
FFRATS

[stubby jumbo]

,,,,,,spot on FFRATS

One can only imagine how screwed we would be if that greedy turkey in New York did give the bid the..... go ahead. !!!

[max1]

I believe Four Corners did have a go, funnily enough it wasn't picked up in the mainstream media. A couple of weeks ago the Lowys' of Westfield fame were looked at in relation to Lichtensteins secret banking. Once again it didn't really get a run in the mainstream media.
Advertising Dollars at work?

Don't forget the Golden Rule. He who has the gold makes the rules.

[stubby jumbo]

The QF72 "incident" less than 2 weeks ago off the NW coast of WA only highlights yet another example his contempt for any one with a pulse.....inclusive of pax, staff and crew.

[Wod]

Stubby - calm down.

Official statement came out praising crew, RFDS, everyone at Learmonth and QF Perth.

Where does that sit in the scheme of things with global financial meltdown, falling forward bookings, an ongoing requirement to report to the ASX and an impending handover to the new bloke.

Perhaps promoting the new aircraft introduction into service intruded into his time as well.

Even I, and I am no great fan of the guy, can see that he has a few issues on his plate. Making you happy may not loom large.

[stubby jumbo]

........Wod-this ain't about making me happy.

I am no "do-gooder".......believe me

Its called getting your priorities right. Just in case you haven't stepped into a pax cabin lately- that Self Loading Freight back there pays your wage.

[Wod]

Stubby, no problems my end.

It's a forum; we exchange views.

You are certainly entitled to yours and they are understandable and not unreasonable.

My view is a little different, not a major issue.:ok:

[Clipped]

And more recent Company news, Kevin B will be leaving us. A 'worldwide search' is being undertaken to find his replacement.

Another useless contributor who plundered the coffers.

FOG FOB

[QF22]

You would have to search the world, to find a bigger f@#kwit than KB !

[Bad Hat Harry]

There is no bigger moronic,dysfunctional,nasty piece of work than KB.
It was a once in a trillion combination of poor genetic material that gave breath to this SOB.
Back to the prison system as a warden for him

[stubby jumbo]

Oh dear:=


Good riddance I say.

Another destined to the slide of the S-bend........however for him and his mate I would like to flush some Draino down as well to give it a "kick along".:E

[blow.n.gasket]

Maybe Drew could give him a job at Aussie Air Express, "two peas in a pod" and all that!:E

[max autobrakes]

I'm waiting for the day they announce the passing of the "Fallen Angel" ,old IO,
FOO:mad:

[kotoyebe]

If you have ever had the pleasure in watching him present at those "roadshows".......its a sight to behold. The arrogance of this t_rd has no bounds.

I have. Never will I ever waste my time, even if it is on company time, to go to another roadshow, after watching him speak. The previously mentioned characterization of him is very generous.

[teresa green]

Jeez, I am assuming most of you blokes are either F/Os or S/O,s, I am glad I am not some old Skipper who gave you a hard time up the track! At least his super is stuffed just like the rest of us! ( I hope)

[stubby jumbo]

...........'stuff the Caulfield Cup.


We will all be cashing in if this 3 legged nag gets up !!!

[argusmoon]

The boys club is being disbanded.Lets hope the replacements have a better idea of how to engage employees .
Perhaps Dixon could give himself an AV Gas enema as he rotates through the front door.

[speedbirdhouse]

Where would QF and it's staff be if dickson had got away with the robbery?? Search for soul of CEOs | The Australian (http://www.theaustralian.news.com.au/story/0,25197,24561163-5013491,00.html)

[rodchucker]

Yet another $20m p....d up against the wall by this lot with the settlement of the ACCC action, which has been announced today.

Where is the accountability, where is the Board in all this and sure the "club" is being disbanded, but about time some individuals were walked out in handcuffs as the trail is long and the stench overwhelming.

Hope all these losses are being taken into account when calculating payouts as they sure didnt do the company much good.

Seems we have got to the stage where everyone hears of yet another f...up, and it is accepted as the norm. It is not enough to say FOG and whoever, why are individuals being allowed to buy their way out of trouble with company money and then be paid on exit.

Where was FOG when his US Exec was going to gaol, probably explaining to media the actions of a relatively junior executive. No doubt we will have another one in Australia soon to explain this fiasco.

I say it is time there were some heads on poles and NO payouts.

You bet I am angry, and waiting for someone to make my day.

[teresa green]

Fellas just be careful, some years ago during the old Impulse days names were discussed (including initials) and it came close to a court case, in fact money had to be handed over. Vent your anger and you have every right to, but just be careful. It occured on PPrune.