Qantas-October 28th
Join Date: Oct 2009
Location: Alabama, then Wyoming, then Idaho and now staying with Kharon on Styx houseboat
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Joyce earns his keep?? To be sure
Australia's Highest Paid CEOs
(Article from Yahoo, my picture)
Despite volatile market conditions and a shaky global economy, Australia's CEO salaries keep on getting bigger.
Our top 300 listed companies paid their leaders an average of $2.33 million, which is up from $2.25 million last year according to data from the Australian Financial Review.
The research showed that the increase in CEO salaries was largely driven by an 11 per cent increase in annual bonuses.
With the share market sinking some 16 per cent since April, shareholders could be forgiven for not being happy with the CEO salary increase. Unlike previous years however, shareholders finally have some bite thanks to the new two-strikes rule coming into effect.
The new legislation means that if 25 per cent of shareholders reject two consecutive executive remuneration reports, a resolution is triggered to dump the board, and if this resolution is supported by 50 per cent of voters the full board is forced into a re-election.
Joyce was number 38 for 2011, and next year????
Company: Qantas
Base, Super & Benefits: $2,292,000
Bonuses: $2,716,000
Total Remuneration: $5,008,000 (71.27% increase from last year)
Shareholder Return: -16.4%
(Article from Yahoo, my picture)
Despite volatile market conditions and a shaky global economy, Australia's CEO salaries keep on getting bigger.
Our top 300 listed companies paid their leaders an average of $2.33 million, which is up from $2.25 million last year according to data from the Australian Financial Review.
The research showed that the increase in CEO salaries was largely driven by an 11 per cent increase in annual bonuses.
With the share market sinking some 16 per cent since April, shareholders could be forgiven for not being happy with the CEO salary increase. Unlike previous years however, shareholders finally have some bite thanks to the new two-strikes rule coming into effect.
The new legislation means that if 25 per cent of shareholders reject two consecutive executive remuneration reports, a resolution is triggered to dump the board, and if this resolution is supported by 50 per cent of voters the full board is forced into a re-election.
Joyce was number 38 for 2011, and next year????
Company: Qantas
Base, Super & Benefits: $2,292,000
Bonuses: $2,716,000
Total Remuneration: $5,008,000 (71.27% increase from last year)
Shareholder Return: -16.4%
Thread Starter
The 2012 Annual General Meeting of Qantas Airways Limited will be held at 11:00am on Friday 2 November 2012 in the National Ballroom at Hotel Realm, 18 National Circuit, Barton, Australian Capital Territory.
I wonder how Jack Tilburn will go this year?
I hope he can remain calm and deliver some of the questions he wants answered,....... without imploding.
Good luck Jack.
I wonder how Jack Tilburn will go this year?
I hope he can remain calm and deliver some of the questions he wants answered,....... without imploding.
Good luck Jack.
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Guess they are only expecting pollies, bureaucrats, CASA and ATSB to attend are they? Wonder if AFP will supervise this time as well. Cannot wait for the headline a few days out.
These guys are just so transparent as to how they think, it has become a very boring mind game.
These guys are just so transparent as to how they think, it has become a very boring mind game.
Join Date: Oct 2009
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A vote based on this perhaps??
Last edited by gobbledock; 16th Oct 2012 at 07:39. Reason: The facts are out there, what will the shareholder do??
What dreams may come ...
My prediction going forward:
I had thought of posting this on Qrewroom, but didn't want it to be mistaken for a real blog entry.
Please feel free to add your predictions for our mighty company into the future.
Blog entry: 12th February, 2016 – Chief Pilot International (South-east Region, daylight operations):
Hi everybody.
With the news yesterday that British Airways, Air France/KLM, Lufthansa, JAL, Cathay Pacific and American Airlines have all filed for bankruptcy, I would like to assure you that Qantas remains in a sound position and that our alliance with Emirates has ensured that we will remain as a strong and viable business going forward.
Because of these developments, and out of our desire to provide our passengers with a seamless, premium travel experience, Emirates has agreed to operate our services to Los Angeles, New York, Tokyo, Johannesburg, Santiago, Hong Kong and London with some of their 2,500 A380 aircraft. Our CEO, Simon Hokey is absolutely thrilled by these developments and feels that the Qantas brand will only be strengthened as a result. Group CEO Designate Jane Hard-Liquor praised the outgoing CEO for his visionary approach and “fourteen pillar plan” to success that has resulted in the share price spiralling to $1.02 in recent days.
Unfortunately for line pilots, this means that there will be yet another increase in the pilot surplus to 1,800. Rest assured however, that we will continue to manage this surplus with assigned indefinite LSLWOP and a reduced divisor of 10 hours per bid period (subject to AIPA approval). To provide certainty for our pilots, our new DCUWCY protocol will provide you with at least 12 months notice of your next duty so that you can renew your CASA medical and complete the necessary study for your 1 hour simulator session (subject to CASA approval) prior to being cleared back to the line. For those wishing to take LWOP to seek other short-term opportunities, we can advise that Jetstar Bangladesh will be interviewing applicants next month and that its fleet of 65 A319s should be operating by January next year (subject to regulatory approval). Simon was so excited by this development that he had to go onto medication. As soon as Qantas Mainline becomes profitable again, we will take delivery of our new fuel-efficient Boeing 797-13 Solar Electric Supergliders and, subject to contractual arrangements, mainline pilots may well experience services to new destinations such as Cairns, Adelaide, Perth and the Gold Coast.
The other significant development for this blog is that we are expecting FWA to hand down its final, binding decision today on the series of appeals that the Company lodged against their original determination back in 2012. Our lawyers have argued strenuously that a decision to award pilots’ with backdated backpay will now result in a payment being made that will exceed Qantas’s current cash reserves. The segmentation of the Company into 25 reporting business units (each with their own management teams) has been essential to the company’s viability going forward and management consider the $1.5 billion one-off restructuring costs to be money well spent. Fortunately, Jetstar has made a profit of $1.6 billion dollars with its fleet of 5 B787s and Simon was so excited by the news that he had to be physically restrained.
Finally, I would like to remind all International (South-east Region, daylight operations) pilots that your engagement levels in the last survey were cause for concern and that the three of you will be programmed for the next PWC course “Trust Us, We’ll Look After You” sometime in the next 12 months (subject to the DCUWCY protocol).
Cheers
Hi everybody.
With the news yesterday that British Airways, Air France/KLM, Lufthansa, JAL, Cathay Pacific and American Airlines have all filed for bankruptcy, I would like to assure you that Qantas remains in a sound position and that our alliance with Emirates has ensured that we will remain as a strong and viable business going forward.
Because of these developments, and out of our desire to provide our passengers with a seamless, premium travel experience, Emirates has agreed to operate our services to Los Angeles, New York, Tokyo, Johannesburg, Santiago, Hong Kong and London with some of their 2,500 A380 aircraft. Our CEO, Simon Hokey is absolutely thrilled by these developments and feels that the Qantas brand will only be strengthened as a result. Group CEO Designate Jane Hard-Liquor praised the outgoing CEO for his visionary approach and “fourteen pillar plan” to success that has resulted in the share price spiralling to $1.02 in recent days.
Unfortunately for line pilots, this means that there will be yet another increase in the pilot surplus to 1,800. Rest assured however, that we will continue to manage this surplus with assigned indefinite LSLWOP and a reduced divisor of 10 hours per bid period (subject to AIPA approval). To provide certainty for our pilots, our new DCUWCY protocol will provide you with at least 12 months notice of your next duty so that you can renew your CASA medical and complete the necessary study for your 1 hour simulator session (subject to CASA approval) prior to being cleared back to the line. For those wishing to take LWOP to seek other short-term opportunities, we can advise that Jetstar Bangladesh will be interviewing applicants next month and that its fleet of 65 A319s should be operating by January next year (subject to regulatory approval). Simon was so excited by this development that he had to go onto medication. As soon as Qantas Mainline becomes profitable again, we will take delivery of our new fuel-efficient Boeing 797-13 Solar Electric Supergliders and, subject to contractual arrangements, mainline pilots may well experience services to new destinations such as Cairns, Adelaide, Perth and the Gold Coast.
The other significant development for this blog is that we are expecting FWA to hand down its final, binding decision today on the series of appeals that the Company lodged against their original determination back in 2012. Our lawyers have argued strenuously that a decision to award pilots’ with backdated backpay will now result in a payment being made that will exceed Qantas’s current cash reserves. The segmentation of the Company into 25 reporting business units (each with their own management teams) has been essential to the company’s viability going forward and management consider the $1.5 billion one-off restructuring costs to be money well spent. Fortunately, Jetstar has made a profit of $1.6 billion dollars with its fleet of 5 B787s and Simon was so excited by the news that he had to be physically restrained.
Finally, I would like to remind all International (South-east Region, daylight operations) pilots that your engagement levels in the last survey were cause for concern and that the three of you will be programmed for the next PWC course “Trust Us, We’ll Look After You” sometime in the next 12 months (subject to the DCUWCY protocol).
Cheers
Please feel free to add your predictions for our mighty company into the future.
Last edited by Shark Patrol; 7th Feb 2013 at 23:27.
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Further announcement on the new "glider" maintenance program.
Following an extensive bidding process, the Easa approved 145 maintenance facility will be "Sanjay's world of bikes & aircraft maintenance". This fully equipped facility in Mumbai has been described as world class, by Qantas management.
Following an extensive bidding process, the Easa approved 145 maintenance facility will be "Sanjay's world of bikes & aircraft maintenance". This fully equipped facility in Mumbai has been described as world class, by Qantas management.
Aveng, all bicycle shops are actually approved to do any aircraft maintenance nowadays (2016 A.D.). The aviation authorities have stated that as all aircraft can ultimately be attributed to bicycle men (Wilbur and Orville), then any bicycle manufacture and repair shop can maintain any aircraft.
..................in the immortal words of one famous Aussie...."tell 'em he's dreamin'!:-)
By 2016 we'll be lucky to have any aviation industry thanks to ALL govt's past & present here in downgraded Oz
.
God 'elp the children of 2moro as corruption is running now out of control in ALL sectors of our life!
Wmk2
By 2016 we'll be lucky to have any aviation industry thanks to ALL govt's past & present here in downgraded Oz
.
God 'elp the children of 2moro as corruption is running now out of control in ALL sectors of our life!
Wmk2
Join Date: Jul 2006
Location: Australia
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Am I missing something here?
AJ locked out his staff & sent the EBA negotiations to arbitration and stated he wanted the management "right" to run the business.
And now he wants a "joint commitment" as to how to manage his labour.
AJ locked out his staff & sent the EBA negotiations to arbitration and stated he wanted the management "right" to run the business.
And now he wants a "joint commitment" as to how to manage his labour.
Fair dinkum, that looks like something my primary school aged kids would come up with.
Only a consultant could produce such utter BS. How much is all this costing? What an absolute joke.
Only a consultant could produce such utter BS. How much is all this costing? What an absolute joke.
There is only one way forward to regain trust and rebuild the airline.
1. New CEO
2. New Chairman
3. New Board.
I call it the 3-pillar plan. Anything else means nothing.
1. New CEO
2. New Chairman
3. New Board.
I call it the 3-pillar plan. Anything else means nothing.
