CEO golden handshakes
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CEO golden handshakes
What payout would we expect Alan Joyce to be given when he is finally walked from the top job?
Given his outstanding performance, I think he should be making an apology payment on his departure.
I believe all CEOs of major corporations should be given at the beginning of their appointment their future golden handshake amount worth of shares in the company. Therefore if they perform in their role, the value of the shares goes up, if they don't, then it goes down. Give them a bit of motivation to work.
Given his outstanding performance, I think he should be making an apology payment on his departure.
I believe all CEOs of major corporations should be given at the beginning of their appointment their future golden handshake amount worth of shares in the company. Therefore if they perform in their role, the value of the shares goes up, if they don't, then it goes down. Give them a bit of motivation to work.
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He should be investigated for lying to shareholders, staff and the general public. I guess it's only the lying to shareholders he could go to jail for...helps having government / media conflicts of interest swept under the table.
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I did a bit of research on this Joyce character.
How does a fuzzy little Irishman like that get to be CEO of QF?
I know how he slithered into ansett, but how did he worm his
way to the top spot in Qantas?
It seems to me foreign ratbags have inflicted more damage on
the Oz airline industry than what the native variety have ever
done.
Time you threw the bastards out on the next garbage scow
back to Europe.
How does a fuzzy little Irishman like that get to be CEO of QF?
I know how he slithered into ansett, but how did he worm his
way to the top spot in Qantas?
It seems to me foreign ratbags have inflicted more damage on
the Oz airline industry than what the native variety have ever
done.
Time you threw the bastards out on the next garbage scow
back to Europe.
Nunc est bibendum
I reckon he's Dixon's revenge on the QF workforce for the APA bid not coming off. APA didn't work so Dixon was going to screw all those who championed against him. AJ is the way that's being achieved. 
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How does a fuzzy little Irishman like that get to be CEO of QF?
The opposite also happens, in that a lot of highly competent Aussies head overseas early in their careers and make it big over there.
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well we've got a foreign CEO of Australia right now. Flew in undetected...
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A profit of @ $500M-$550M is about to be announced. Could quite easily of been the opposite and some. A lot on here seem to be conveniently forgetting that fact.
AJ is not there to be best mates with the workers. He's there to keep the company in the black. He is doing just that in unbelievably tough times.
Something that can not be said for his counterpart at DJ.
AJ is not there to be best mates with the workers. He's there to keep the company in the black. He is doing just that in unbelievably tough times.
Something that can not be said for his counterpart at DJ.
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Normasas,
I was saying that in a different thread, although I don't like AJ from a business point of view he seems to be doing o.k. Was reading an article written this morning about Air NZ, everyone raves about Rob Fythe, but fact of the matter is Air NZ share price is also down, longhaul operation is leaking cash and profit forecasts are way down. From purely an investor point of you I would rather my investment was with a company that churns out profits every year. Another thing that people on this site like to point out is that Jetstar is only making money because of the subsidies from mainline, don't forget though that no matter how much some hate it we are ALL part of the Qantas group, and the Qantas group is making money, the board don't give a toss is this is achieved by moving work from one entity to another.
I was saying that in a different thread, although I don't like AJ from a business point of view he seems to be doing o.k. Was reading an article written this morning about Air NZ, everyone raves about Rob Fythe, but fact of the matter is Air NZ share price is also down, longhaul operation is leaking cash and profit forecasts are way down. From purely an investor point of you I would rather my investment was with a company that churns out profits every year. Another thing that people on this site like to point out is that Jetstar is only making money because of the subsidies from mainline, don't forget though that no matter how much some hate it we are ALL part of the Qantas group, and the Qantas group is making money, the board don't give a toss is this is achieved by moving work from one entity to another.
Exactly AH
The share market isn't moral. They just want results, numbers on a page and returns on investments. They don't care if its offshored. Its up to the government to regulate industry or else we'd see the wholesale raping of the workforce by the corporate world, like what has happened to America.
Somehow it is illegal to collectively bargain in some states in America now. Amazingly the chamber of commerce has quite a bit of lobbying power with the lawmakers in America too.
Coincidence ?
Hence the reason why PIA is an important tool to keep the balance in Australia.
From a overall top down perspective, I think a strong union of workers negotiating deals that benefit both parties leads to a real middle class and a strong economy. A balance of power not too far in either direction leads to better outcomes for everybody. What you see in America is total domination by corporations and a decimated middle class, completely offshored industry, debt to the eyeballs.
The share market isn't moral. They just want results, numbers on a page and returns on investments. They don't care if its offshored. Its up to the government to regulate industry or else we'd see the wholesale raping of the workforce by the corporate world, like what has happened to America.
Somehow it is illegal to collectively bargain in some states in America now. Amazingly the chamber of commerce has quite a bit of lobbying power with the lawmakers in America too.
Coincidence ?
Hence the reason why PIA is an important tool to keep the balance in Australia.
From a overall top down perspective, I think a strong union of workers negotiating deals that benefit both parties leads to a real middle class and a strong economy. A balance of power not too far in either direction leads to better outcomes for everybody. What you see in America is total domination by corporations and a decimated middle class, completely offshored industry, debt to the eyeballs.
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AH,
Totally agree.
I, like you don't care much for AJ or his predecessor(GD should be in jail IMHO), however, THE GROUP is making money; lots of money.
People on here, and they know who they are, bleet about how inept the CEO is/was, but the Company is/has made a lot of money, therefore by default these usual suspects have enjoyed job security. I can only assume that IF this wasn't the case, the axe would have wielded long before August 24. There will still be jobs for LH pilots, just not on current T&Cs. And by the way, NO job has written guarantees of job security in this day and age.
As I said, AJ is not there to win friends. He is delivering a profit, and THAT is all the Board cares about. Business 1.01.
Totally agree.
I, like you don't care much for AJ or his predecessor(GD should be in jail IMHO), however, THE GROUP is making money; lots of money.
People on here, and they know who they are, bleet about how inept the CEO is/was, but the Company is/has made a lot of money, therefore by default these usual suspects have enjoyed job security. I can only assume that IF this wasn't the case, the axe would have wielded long before August 24. There will still be jobs for LH pilots, just not on current T&Cs. And by the way, NO job has written guarantees of job security in this day and age.
As I said, AJ is not there to win friends. He is delivering a profit, and THAT is all the Board cares about. Business 1.01.
Last edited by Normasars; 29th Jun 2011 at 08:22.
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The question should be asked then as to how much more the Group could have made if the Board/CEO had made better decisions regarding Aircraft Purchases and Route selections. Would Mainline International have made a loss if they had the right aircraft? Was gifting routes to low yielding J* a good idea?
Normasars,
What line of work are you in? How about we offshore your job and make you redundant? How about we talk about reducing YOUR working conditions? You have obviously bought the Qantas line about the AIPA job security claim hook, line and sinker.
Your response is typical of the "It doesn't matter what's done, as long as the company is making a profit". Where do you draw the line?
Joyce doesn't give a cr*p about the staff, the passengers or the shareholders, so there can only be one group left that he does give a toss about. Who do you think they might be?
Passions are running high NS and the staff have had a gutful!! I would rather send Joyce off with a pair of concrete boots than a golden handshake!!!
What line of work are you in? How about we offshore your job and make you redundant? How about we talk about reducing YOUR working conditions? You have obviously bought the Qantas line about the AIPA job security claim hook, line and sinker.
Your response is typical of the "It doesn't matter what's done, as long as the company is making a profit". Where do you draw the line?
Joyce doesn't give a cr*p about the staff, the passengers or the shareholders, so there can only be one group left that he does give a toss about. Who do you think they might be?
Passions are running high NS and the staff have had a gutful!! I would rather send Joyce off with a pair of concrete boots than a golden handshake!!!
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Joyce The Right Man for The Job
Joyce is a foreigner.He has no emotional connection to Australia or Qantas.
He is part of the magic circle club.Dixon,Strong,Grant and Joyce were at Ansett or Air New Zealand.They bought both those Airlines to their knees.
These people are the perfect hatchet squad.
Joyce cant believe his luck and is therefore both grateful and compliant.
Clifford is the aging alpha male looking to make one last big pay packet before he toddles off to watch re runs of the "best of AFL matches" in his dotage.
Backslaps all round together with golden handshakes if all goes well.
If it doesnt go well Joyce is scapegoated bask to Ireland with his pot of gold never to be heard of again .A win win for the board and Clifford.
Honest your worship it was all the Irishman's fault
He is part of the magic circle club.Dixon,Strong,Grant and Joyce were at Ansett or Air New Zealand.They bought both those Airlines to their knees.
These people are the perfect hatchet squad.
Joyce cant believe his luck and is therefore both grateful and compliant.
Clifford is the aging alpha male looking to make one last big pay packet before he toddles off to watch re runs of the "best of AFL matches" in his dotage.
Backslaps all round together with golden handshakes if all goes well.
If it doesnt go well Joyce is scapegoated bask to Ireland with his pot of gold never to be heard of again .A win win for the board and Clifford.
Honest your worship it was all the Irishman's fault
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I believe all CEOs of major corporations should be given at the beginning of their appointment their future golden handshake amount worth of shares in the company. Therefore if they perform in their role, the value of the shares goes up, if they don't, then it goes down. Give them a bit of motivation to work.
Give them a bit of motivation to work.
This becomes the focus. We end up with people who may be 'creative' with words and numbers to reflect what they want investors, regulators and the public to see.
I believe we may have had the odd occasion, both here and overseas, of corporate collapse of companies that were held up as examples of well run , profitable businesses that were white anted from the inside up until their collapse.
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Shark
FYI was apart of "The Group" for 10+ years and had the "pleasure" of my conditions REDUCED first hand thanks very much. Also lived in a glass ceiling as part of The Group too just to rub salt into the wound.
Oh, I nearly forgot! My career path was stolen from me when a certain part of the company was dissolved back in 2002.
So Shark Patrol, been there done that. But I did have the courage to take off the red and white coloured glasses. And guess what? There is a lot more out there in aviation and many, many , many better employers than your beloved QF.
Don't be scared. The waters warm.
FYI was apart of "The Group" for 10+ years and had the "pleasure" of my conditions REDUCED first hand thanks very much. Also lived in a glass ceiling as part of The Group too just to rub salt into the wound.
Oh, I nearly forgot! My career path was stolen from me when a certain part of the company was dissolved back in 2002.
So Shark Patrol, been there done that. But I did have the courage to take off the red and white coloured glasses. And guess what? There is a lot more out there in aviation and many, many , many better employers than your beloved QF.
Don't be scared. The waters warm.