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AJ announces $90M QF staff bonus

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AJ announces $90M QF staff bonus

Old 26th Sep 2017, 22:27
  #41 (permalink)  
Join Date: Jul 2008
Location: Australia
Posts: 23
Originally Posted by roundsounds View Post
blindly chasing pointless KPIs.
Fuel ordering Nazis anyone?
Spotted Reptile is offline  
Old 27th Sep 2017, 01:50
  #42 (permalink)  
Join Date: Nov 2016
Location: Sunny Coast
Posts: 50
So by your collective logic
Joyce should be paid no more than 30 x minimum wage lets be generous and say $30k therefore $900k total pay to Joyce

This is about $11k per week after tax
Which sounds good in theory, but is a bit over triple what a pilot would take home weekly
Aside from a communistic feel to this logic, for all the stress of the job I would prefer to be a pleb on a lower income over:
Running a multi billion dollar company
Being on call 24/7
Answering to shareholders
Having little or no life outside the job
Being under the media spotlight
Deano969 is offline  
Old 27th Sep 2017, 04:03
  #43 (permalink)  
Join Date: May 2007
Location: Darwin
Posts: 310
Olivia's angels at work here.
Having read your previous posts I can safely say that you know little of that which you speak.
What The is offline  
Old 27th Sep 2017, 11:28
  #44 (permalink)  
Join Date: Sep 2008
Location: 41S174E
Age: 52
Posts: 2,767
So, if all of you diligent QF group Captains strictly follow your fleet managers advice regarding fuel saving, if you stick to CFP fuel, if you maximise s/e taxi, if you use optimum flap for landing, if you use idle reverse every time, ...if in some magical world you all start doing it..........as a collective you will save 20% of your boss's pay packet.........hmmmmm , it's not that bigger deal really is it? The pressure to arrive overhead with min gas is....... how shall I put this?............inconsequential compared to executive pay packets.
framer is offline  
Old 27th Sep 2017, 13:08
  #45 (permalink)  
Join Date: Sep 2017
Location: Europe
Posts: 1,504
Joyce should be paid no more than 30 x minimum wage lets be generous and say $30k therefore $900k total pay to Joyce
A little disingenuous to say 'minimum wage', the reference statistic is 'average wages'.

  • FY16 Average wage at Qantas is AUD$131,797.
  • 29,204 FTE staff
  • $3,849,000,000 wage expenditure.
Simple arithmetic (average salary) $131,197 times 30 = $3,953,910 to Mr. Joyce
Given that group revenue is 5% lower(in real terms) than when he started, his tenure has been a random walk of despair. The business has 'advanced' to the rear. Sure it impaired a fleet, and has a 'game changing' aircraft with an MSN in the 6XX. And boy oh boy did they get lucky with fuel!

Now $24,800,000 represents 189 times the average Qantas wage.

As Mr. Dixon generated a similar profit in 2008, and had a final salary of $10,700,000 for revenues 5% higher than today, perhaps Leigh is a little long in the tooth or the remuneration committee another bunch of empty suits.
Rated De is offline  

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