Originally Posted by
ACMS
Oh, Alan just has good timing
And in terms on Alan's renumeration; wasn't the spike a result of his LTIP vesting, which is part of his renumeration package, and linked to various metrics, which have been realised?
And just to add further context to this amazing performance,
the 'achieved metrics' and to Mr Joyce's incredible luck:
The STIP (short term incentive plan) includes such interesting metrics as:
- Underlying PBT A management approved profit (Non statutory) measure (How lucky is that?)
- Such novel benchmarks as the Bain and Company "Net Promoter Score" (by management consultants, for management-You're Welcome!) https://en.wikipedia.org/wiki/Net_Promoter
- Punctuality ( He gets a bonus from OTP!)
- Domestic network advantage (what does that mean?)
- Board’s assessment of Operational Safety (like asking your barber if you need a haircut really)
Qantas’ 3-year TSR performance compared to:
– ASX100 companies
– A global airline peer group
Over the 3-year performance period of the 2016–2018 LTIP (LONG TERM INCENTIVE PLAN)
the Qantas share price grew from $3.16 to $6.16,
Boy they were lucky! All rather coincidentally they decided to impair the CGU in FY14! A $326 million depreciation saving the next year, a turnaround profit and share price improvement as well!
Lucky wasn't it!