Merged: GD gives himself an outgoing payrise!
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As well as GD, I see DC's package went from approx 700k to 2.1 million.
Fantastic reward for stuffing QF engineering, trashing the brand and driving down morale.
AND he has just spent the last 6 months preaching wage restraint!!!!!!!!!
So much for the freeze on executive salaries......
Fantastic reward for stuffing QF engineering, trashing the brand and driving down morale.
AND he has just spent the last 6 months preaching wage restraint!!!!!!!!!
So much for the freeze on executive salaries......
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So the new A380's & 787's coming consitutes a bare cupboard?
The company could do with more aircraft right now not in years to come....
What would you say if WA police had not ordered any new push bikes for you guys for years and then told you that they have put this big order in but they would not be here for ages ?
That's right and you would still be riding around on your 15 year old Malvern Star with back peddle brakes and other 80's technology.
Did anyone else hear about that bank in the US that went broke but 3 weeks before it did it hired a new CEO and paid him 12 million.....it's these sort of things that have caused this entire mess but the corporate world do not seem to care.
It's yet another example of ......"Do as I say and not as I do"
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Will it get any better at Qantas? Just like CEO that lowerlobe mentioned above, these people today, not only do they not care, they just don’t get it.
When I read about Dixon on this forum from you guys still at QF it makes me think of many Gen Yer’s
Why are they the way they are? Why do they believe they can come into the workforce and expect to be running the place within months? They just take the pi55 all the time. I have recently employed a girl who went through the QF Graduate program - what a mistake I made. Confident yes, but actually knows 'jack****e’ it's all about her. It's about what she can get out of the company, now!. Have smiled often when Dixon says his staff are well paid, I’d say in many fields they are not and therefore Qantas are not employing the best people, just people who are willing to get into an industry for it’s benefits.
What I'm getting at - when you have someone like Dixon, Cox etc and the QF Board for that matter, then the Gen Y'ers, what help for the people who have been around for 15 years plus who still respect the name, brand, history and wish to continue doing a job with the reward of being paid each fortnight?
I was told recently that a Gen Y'er employed straight out of Uni with a degree in Aviation Management told a long term employee that 'he was old school, been here too long and because he didn't have a degree, was not wanted at Qantas'. The guy - 42 years young had knowledge (gee more than Dixon) of the industry and simply smiled at the young upstart and said, 'so how will "we" fix this problem' and the response from the responsible manager, the young upstart, was 'you've been here forever, you should know.' Funny? No, I guess it’s just sad.
When I read about Dixon on this forum from you guys still at QF it makes me think of many Gen Yer’s
Why are they the way they are? Why do they believe they can come into the workforce and expect to be running the place within months? They just take the pi55 all the time. I have recently employed a girl who went through the QF Graduate program - what a mistake I made. Confident yes, but actually knows 'jack****e’ it's all about her. It's about what she can get out of the company, now!. Have smiled often when Dixon says his staff are well paid, I’d say in many fields they are not and therefore Qantas are not employing the best people, just people who are willing to get into an industry for it’s benefits.
What I'm getting at - when you have someone like Dixon, Cox etc and the QF Board for that matter, then the Gen Y'ers, what help for the people who have been around for 15 years plus who still respect the name, brand, history and wish to continue doing a job with the reward of being paid each fortnight?
I was told recently that a Gen Y'er employed straight out of Uni with a degree in Aviation Management told a long term employee that 'he was old school, been here too long and because he didn't have a degree, was not wanted at Qantas'. The guy - 42 years young had knowledge (gee more than Dixon) of the industry and simply smiled at the young upstart and said, 'so how will "we" fix this problem' and the response from the responsible manager, the young upstart, was 'you've been here forever, you should know.' Funny? No, I guess it’s just sad.
Dicko leaving the airline in 'great shape'.
Or is it a case of three(?) strikes and you are out. Or perhaps it's five or six.
Let's see....
APA debacle.
744 near complete electrical failure, 744 explosive decompression, and now the A330 with uncommanded flight control excursions and some disscussion surrounding the application of AD's.
Many will say all events are unrelated and just plain bad luck, but you could also argue they are, or will be seen, as the legacy of the dixon era. Symbols of an organistion that has been belted by the continuous cost cutting regime and up until this point, relied on it's front line staff, to defend the operational integrity that the management drive has produced.
And to believe that the ceo is rewarded with a package that defies his own statements regarding executive bonus schemes is truly breathtaking.
Yep, Qantas is in great shape. Thanks Geoff.
Let's see....
APA debacle.
744 near complete electrical failure, 744 explosive decompression, and now the A330 with uncommanded flight control excursions and some disscussion surrounding the application of AD's.
Many will say all events are unrelated and just plain bad luck, but you could also argue they are, or will be seen, as the legacy of the dixon era. Symbols of an organistion that has been belted by the continuous cost cutting regime and up until this point, relied on it's front line staff, to defend the operational integrity that the management drive has produced.
And to believe that the ceo is rewarded with a package that defies his own statements regarding executive bonus schemes is truly breathtaking.
Yep, Qantas is in great shape. Thanks Geoff.
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QF loves employing people straight out of University with Bachelor Of Aviation Degrees not the flying part of the degree but just the management side of it, these are the Gen Yer's I am referring to, and they do this because they believe that if you have a degree you must be intelligent.
From first hand experience in a department I use to work in there was a split 1/2 old timers 1/2 uni grads, the uni grads were a disgrace, they thought they knew everything about aviation and flying just because of a degree.
I was talking with a colleague about good old Chuck Yager and during the conversation one of the the uni wonder team had no idea who this man was..the same individual had no idea how to read an ILS plate either which is quite scary considering part of their job deals with approach minima's and the same person also felt that we should all be on AWA's as they would be a good idea as did the rest of the university crew. Now this is coming from a person who's first job was working for QF straight out of uni, they moved into a quite a responsible and respected position because of their degrees.
I also recall another conversation with one of the Gen Yers about how they got the job they were doing and one of the responses was "I had no idea what the job was or what was involved in the job, I just went along to the interview because I heard it was QF". Now there were many other employees who had better credentials for the job but were passed over because they supposedly did not have enough experience in the industry, yet these Gen Yers with no work history at all might I add moved straight into the job because of a piece of paper...
Others that have worked in this particular department have started from the bottom level working there way up, learning the ropes and culture of the department and company.
Now here is the best part the reason these uni wonder crew were employed was because the department manager at the time wanted to bring in cheap labour at the time and pay these people a lower pay scale to do the same job with a heavier work load than what previous full time QF employees were paid.
You have to love some of these QF managers, where they get their ideas from is scary......
From first hand experience in a department I use to work in there was a split 1/2 old timers 1/2 uni grads, the uni grads were a disgrace, they thought they knew everything about aviation and flying just because of a degree.
I was talking with a colleague about good old Chuck Yager and during the conversation one of the the uni wonder team had no idea who this man was..the same individual had no idea how to read an ILS plate either which is quite scary considering part of their job deals with approach minima's and the same person also felt that we should all be on AWA's as they would be a good idea as did the rest of the university crew. Now this is coming from a person who's first job was working for QF straight out of uni, they moved into a quite a responsible and respected position because of their degrees.
I also recall another conversation with one of the Gen Yers about how they got the job they were doing and one of the responses was "I had no idea what the job was or what was involved in the job, I just went along to the interview because I heard it was QF". Now there were many other employees who had better credentials for the job but were passed over because they supposedly did not have enough experience in the industry, yet these Gen Yers with no work history at all might I add moved straight into the job because of a piece of paper...
Others that have worked in this particular department have started from the bottom level working there way up, learning the ropes and culture of the department and company.
Now here is the best part the reason these uni wonder crew were employed was because the department manager at the time wanted to bring in cheap labour at the time and pay these people a lower pay scale to do the same job with a heavier work load than what previous full time QF employees were paid.
You have to love some of these QF managers, where they get their ideas from is scary......
Last edited by el_capitano; 9th Oct 2008 at 04:34.
Yep, pity it was today tonight but a burning is a burning regardless. It should happen more often. So much for the executive pay freeze. Didn't think hell could ever freeze over. 
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I was reading somewhere he was paid almost $12 million this year? No wonder the economies around the world are going downhill. The executive bonus system needs a massive overhaul..
From the Today Tonight website
He's the $12 million dollar a year man, the second highest paid airline executive in the world.
And despite Qantas' damaging cut-backs and faltering safety record while he's been chief, CEO Geoff Dixon is about to reap rewards, bailing with what's predicted to be a sky-high payout.
"You can guarantee that there is a big package waiting for him when he leaves the airline as well. The package is not only regards to the annual salary but there's share options and superannuation, and we understand he is at $8 million of super tipped in last year alone," says Dave Oliver.
Dave Oliver, National Secretary of the Australian Manufacturing Union representing Qantas' engineering and maintenance workers says it's hypocritical when management is intent on capping wages increases at just 3 per cent.
"1500 jobs will disappear out of this airline between now and Christmas and whilst this is there, we've got a CEO that's got a wage package of $12 million up from $6.5 million the previous year and telling workers they have to exercise wage restraint, not acceptable."
Consider the airlines woeful record in recent times. Just yesterday a shocking incident injuring 40 passengers and crew, 15 seriously hurt, as Qantas Flight 72 from Singapore to Perth suddenly lost altitude.
Geoff Dixon's case highlights the gap between executive salaries and employees' pay - it's widening every year. Recent research found Australia's top CEOs 16 years ago earned 27 times the average income of an Aussie worker, now they earn 100 times more.
"Our members earn roughly 50,000 per annum. If you break Geoff Dixon's salary package down it's almost $200,000 a week. So in one week Geoff Dixon is earning the equivalent of four years salary of one of our members," adds Dave.
Our rich are getting super-rich. Top earner, Nicholas Moore CEO Macquarie Bank, $26.7 million per year, Phil Green, Babcock & Brown around $17 million, Greg Gailey of Zinifex $16.7, Frank Lowy, Westfield Group $14.4, Wal King, Leighton Holdings, $13.8 million a year.
Consumer spending in Australia is witnessing a sluggish period as purse strings are tightened across the country. However, be grateful for life Down Under as the UK and US are undergoing even more precarious times, with some believing the economical super powers are edging towards a fully fledged recession.
Australian consumers spent just over $20 billion in June, to post retail's weakest growth in six years. This signals a slowdown in overall economical performance as growth in retail trade fell by a seasonally adjusted 1.0 percent in June after a surprise 0.7 per cent increase in May, according to the Australian Bureau of Statistics.
"The retail figures for the June quarter are of concern to NSW businesses and highlight just how tough this year will be," said Kevin MacDonald, CEO of NSW's peak business group, NSW Business Chamber.
"Higher petrol prices, uncertainty in financial markets and higher interest rates appear to have dampened consumer confidence and when confidence falls, so too does consumer spending."
CEOs paid millions in bad times.
And despite Qantas' damaging cut-backs and faltering safety record while he's been chief, CEO Geoff Dixon is about to reap rewards, bailing with what's predicted to be a sky-high payout.
"You can guarantee that there is a big package waiting for him when he leaves the airline as well. The package is not only regards to the annual salary but there's share options and superannuation, and we understand he is at $8 million of super tipped in last year alone," says Dave Oliver.
Dave Oliver, National Secretary of the Australian Manufacturing Union representing Qantas' engineering and maintenance workers says it's hypocritical when management is intent on capping wages increases at just 3 per cent.
"1500 jobs will disappear out of this airline between now and Christmas and whilst this is there, we've got a CEO that's got a wage package of $12 million up from $6.5 million the previous year and telling workers they have to exercise wage restraint, not acceptable."
Consider the airlines woeful record in recent times. Just yesterday a shocking incident injuring 40 passengers and crew, 15 seriously hurt, as Qantas Flight 72 from Singapore to Perth suddenly lost altitude.
Geoff Dixon's case highlights the gap between executive salaries and employees' pay - it's widening every year. Recent research found Australia's top CEOs 16 years ago earned 27 times the average income of an Aussie worker, now they earn 100 times more.
"Our members earn roughly 50,000 per annum. If you break Geoff Dixon's salary package down it's almost $200,000 a week. So in one week Geoff Dixon is earning the equivalent of four years salary of one of our members," adds Dave.
Our rich are getting super-rich. Top earner, Nicholas Moore CEO Macquarie Bank, $26.7 million per year, Phil Green, Babcock & Brown around $17 million, Greg Gailey of Zinifex $16.7, Frank Lowy, Westfield Group $14.4, Wal King, Leighton Holdings, $13.8 million a year.
Consumer spending in Australia is witnessing a sluggish period as purse strings are tightened across the country. However, be grateful for life Down Under as the UK and US are undergoing even more precarious times, with some believing the economical super powers are edging towards a fully fledged recession.
Australian consumers spent just over $20 billion in June, to post retail's weakest growth in six years. This signals a slowdown in overall economical performance as growth in retail trade fell by a seasonally adjusted 1.0 percent in June after a surprise 0.7 per cent increase in May, according to the Australian Bureau of Statistics.
"The retail figures for the June quarter are of concern to NSW businesses and highlight just how tough this year will be," said Kevin MacDonald, CEO of NSW's peak business group, NSW Business Chamber.
"Higher petrol prices, uncertainty in financial markets and higher interest rates appear to have dampened consumer confidence and when confidence falls, so too does consumer spending."
CEOs paid millions in bad times.
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My 2 cents
My opinion is the executive bonus system would work alot more efficiently if it was somehow linked to the companies performance in 10 or so years time instead of year by year. All the current system does is encourage short term profits at any cost and does little to inspire the people at the top to plan sustainably for the future.
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Well, it's been floating around for a while now, still just under 2 months to go!
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Truth be known that the 'departing' CEO reads this thread every day so he can get his belly laughs!!
He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay
Mike
He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay
Mike
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So Mike what part of GD's team do you work in?
Mate I think you will find that is exactly the point of this thread!
It also seems to be fairly consistent with the attitude of a number of CEO's around the world.
He would't care 'two hoots of a brass razoo' about what any one thinks about him and his final pay
It also seems to be fairly consistent with the attitude of a number of CEO's around the world.
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Dixon Profile
An overblown sense of entitlement
Displays no remorse.
Cannot empathise.
Narcissisistic.
Lacks introspection.
Dixon shares these traits with many Company CEOs running large corporations over the last ten years.
It is dysfunctional swine like this who have brought us to where we are now.
They leave carnage in their wake but leave with enormous wads of cash.
Totally obscene..bordering on criminal and definitely morally bankrupt.
Displays no remorse.
Cannot empathise.
Narcissisistic.
Lacks introspection.
Dixon shares these traits with many Company CEOs running large corporations over the last ten years.
It is dysfunctional swine like this who have brought us to where we are now.
They leave carnage in their wake but leave with enormous wads of cash.
Totally obscene..bordering on criminal and definitely morally bankrupt.
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Circuit City
Several years ago this American equivalent of Dick Smith hired a new CEO.
He quickly determined that there were too many long serving staff who were earning way too much.
He began removing them and replacng them with cheaper leass experienced people.
Circuit City filed for bankruptcy earlier this year.
Before the bankruptcy petition he left with a golden parachute of 8 million bucks.
When this mess finally clears perhaps boards should start looking at a different style of CEO.
CEOs who are actually competent and want to make the business profitable rather trhan rewarding themselves with huge pay rises and stock options.
This stockmarket rout is a wake up call...no more bastards like Dixon
He quickly determined that there were too many long serving staff who were earning way too much.
He began removing them and replacng them with cheaper leass experienced people.
Circuit City filed for bankruptcy earlier this year.
Before the bankruptcy petition he left with a golden parachute of 8 million bucks.
When this mess finally clears perhaps boards should start looking at a different style of CEO.
CEOs who are actually competent and want to make the business profitable rather trhan rewarding themselves with huge pay rises and stock options.
This stockmarket rout is a wake up call...no more bastards like Dixon
Last edited by Ka.Boom; 9th Oct 2008 at 22:56.
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Well now his legacy will include a very low share price.
And that in turn will reduce his net worth due to the shares and options her recieves. That is poetic justice in a way
And that in turn will reduce his net worth due to the shares and options her recieves. That is poetic justice in a way
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It would be poetic justice ,except, I'm told there is a small clause!
The company will make up any shortfall in the share price if it falls below the deemed price.
Now weren't we told that the execs got paid so much because so much of their remuneration package was at "risk".
Big risk, so it turns out.
Old joke I know, "How can you tell if a Qantas manager is lying?
His lips are moving"
The company will make up any shortfall in the share price if it falls below the deemed price.
Now weren't we told that the execs got paid so much because so much of their remuneration package was at "risk".
Big risk, so it turns out.
Old joke I know, "How can you tell if a Qantas manager is lying?
His lips are moving"