Apologies if posted here or elsewhere (from the Oz) .... I wouldn't be too unhappy:
LAST financial year’s dismal Qantas result saw the airline’s top executives take a collective hit to their take-home pay, with chief executive Alan Joyce’s pay down 40 per cent on the previous year.
The airline’s record underlying pre-tax loss ensured none of the top six executives earned shares under the long-term incentive plan and all upper and middle management were subject to a pay freeze without bonuses.
Mr Joyce, who also gave up 5 per cent of his base salary for the year, saw his take-home pay fall from $3.33 million to $2m. His statutory pay fell from $5.1m to $3.97m.
Chief financial officer Gareth Evans took home almost $400,000 less than in 2012-13 at $1.05m while Qantas Loyalty chief Lesley Grant and Qantas International boss Simon Hickey dropped below $1m.
Ms Grant took home $798,000 (down from $1.1m) and Mr Hickey pocketed $948.000 (down from $1.47m).
Running a low-cost carrier did not preclude Jetstar chief executive Jayne Hrdlicka from earning $1.04m but this was down from $1.36m in 2012-13.
Qantas Domestic’s Lyell Strambi earned $1.08m, down from $1.43m.
“The significant decrease in take-home pay for senior executives reflects the extremely challenging year and disappointing financial performance of the company,” a Qantas spokesman said.
“There were no bonuses awarded to executives and all employees are subject to an ongoing wage freeze.”
There was less pain on the airline’s board. Chairman Leigh Clifford took a 5 per cent hit to his base pay — down from $535,000 to $511,000 — but emerged with a total figure of $606,000 when all the perks were included. This was slightly above last year’s figure of $604,000.