CSM showed us an email they received from headquarters regarding AJs salary and comparing his total package to Gail Kelly from westpac and Marius Kloppers from BHP. Seems from the email Aj's apparently hard done by.
Westpac: "Net profit attributable to owners for First Half 2011 was $3,961 million... (Half Year $3.96 Billion)" Gail Kelly salary $9.5 mill.
BHP - Billiton: "BILLITON has underlined the boom in mining, nearly doubling profits for the second year running to post an Australian earnings record of $US23.6 billion (Full Year $22.48 billion)." Marius Kloppers salary $US10.4 mill.
Qantas: "Qantas has reported a $250 million profit just a week after announcing plans to lay off 1,000 workers. The airline has doubled its statutory net profit since last year, despite natural disasters wiping $224 million from its result." Alan Joyce salary $5+ million.
I would not have thought Mr Joyce/Qantas would be mentioned in the same sentence as Messrs Kelly/Westpac and Kloppers/BHP-Billiton, although the salaries appear out of proportion to the company financial results....
Bit like comparing an overpriced Datsun 120Y with a Bugatti Veyron?