Dixon still takes more...
GEOFF Dixon was granted an extra $7.66 million superannuation payment in his last 18 months as Qantas chief executive, taking his golden parachute to almost $20 million worth of cash and shares.
BusinessDaily has learned that on top of his controversial $12 million 2008 pay deal, Mr Dixon also received the superannuation bonus of $7.66 million.
On Friday, angry shareholders, arguing that Mr Dixon's 2008 salary package was "excessive", pressed the annual meeting to reject the board's recommendations on director and executive pay rates.
Pay protesters posted a 42.42 per cent vote against the report.
Investor concerns were sparked by a report published last Friday by Melbourne based corporate government advisers, RiskMetrics.
Mr Dixon's 2008 cash and incentive payments were branded "excessive" by RiskMetrics which pointed out that he had received more than his opposite numbers at 11 of the world's biggest airlines.
In its 2007 report, RiskMetrics noted that a former arrangement gave Mr Dixon and then-chief financial officer Peter Gregg, who resigned recently, termination arrangements which were replaced last year by a new system of rolling contracts.
from News.com.au
what a tu*d