What do you call this?

[B A Lert]

Last financial year, G J Dixon received total remuneration of $6.7m. One Peter Gregg received $4.2m. They are respectively the CEO and CFO and EGM Strategy of Qantas.
Dixon is also a non-executor director of PBL (a Packer company) and Gregg is a non-executive director of Leightons. For the year ended 30th June 2007, they received respectively $138k and $150k for their services to these companies. Except for pilots and most executives, these 'outside' Board fees exceed the annual salary of Qantas employees. A nicer earner if you can get it!!

Is Qantas being ripped off by not having a full time CEO and CFO, or are the two companies on whose boards they sit being ripped off? How can they do justice to either appointments?

[TinPusher]

What do you call this???

ummmm........ Greed? or.... good if you can get it:suspect:

[QFinsider]

go a few steps further..have a look at the annual reports.

GD should be looked at by ASIC who unfortunately due to the federal election are strangely quiet...

Related party disclosures, all "at arm's length!!!" my bum

Related party disclosures
Roger Donazzan, a related party to Ms Jackson, is Chairman of Harmony Resorts Niseko Pty Ltd (HRN). During the year, no sponsorship was provided to
Hanazano (2006: $6,400) or Mt Hotham which are related entities of HRN.
Paul Meadows, a related party to Mrs Cross, is a Partner of Allens Arthur Robinson. Mr Meadows performs no work for Qantas. Total legal fees paid
to the Allens Arthur Robinson Group during the year were $5,141,000 (2006: nil). During the year, the Allens Arthur Robinson Group purchased air travel
of $2,189,000 (2006: $1,621,000) from the Qantas Group. All transactions between the Qantas Group and the Allens Arthur Robinson Group are
conducted on normal commercial arms length terms.
Toolangi Vineyards is a related entity to Mr Hounsell. During the year, the Qantas Group purchased wine totalling $106,000 (2006: nil) from Toolangi
Vineyards, for use on Qantas International Business Class services. All transactions were conducted on normal commercial arms length terms.
Publishing and Broadcasting Limited (PBL) and its controlled entities, including Consolidated Press Holdings Limited, Nine Network, ACP Magazines,
Crown Casino, Burswood Casino, Ticketek, Hoyts and Premier Media Group, is a related entity to Mr Packer. During the year, PBL purchased air travel of
$15,226,000 (2006: $13,500,000) from the Qantas Group. The Qantas Group purchased directly or indirectly advertising services from PBL of $4,047,000
(2006: $2,500,000) during the year. In addition, Qantas and PBL have various contra arrangements in place for advertising and sponsorship. The value of
these contra arrangements with Qantas was $139,000 (2006: $63,000) and nil (2006: $210,000) for other entities within the Qantas Group. During the
year, Qantas spent $297,000 (2006: $1,000,000) with Crown Limited and $1,487,000 (2006: $1,600,000) with ACP Publishing Pty Ltd. All transactions
were conducted on normal commercial arms length terms.
General Cosgrove became a Director of the Australian Rugby Union (ARU), which as such is a related entity to General Cosgrove, on 28 April 2007. During
the year, Qantas purchased sponsorship and advertising rights of $226,000 from the ARU and the ARU purchased air travel of $1,111,000 from the
Qantas Group. In addition, Qantas and the ARU have contra arrangements in place for sponsorship and advertising rights in return for air travel. The value
of these contra arrangements with Qantas during the year was $3,164,000. All transactions were conducted on normal commercial arms length terms

[Titan Driver]

And the latest.....the board is seeking permission via a proxy vote from share holders to give....

G Dixon ...1,000,000 shares in Qantas (what's that.....a cool 5 million plus in todays value!) and.....
P Gregg ...400,000 shares in Qantas

as a director retention award bonus.