Keep the comments coming ....

Mr Barry Jackson speaking now... (QF pilot?) "If Alan doesn't talk about our salaries, we won't talk about his"

Updates
 

Keep the updates coming SimonBL. Probably a lot like me that can't watch the web stream continuously.

Barry: "When boarding a flight, turn left and talk to us, not turn right straight into Business Class".

He's a good speaker. "Other airlines working together with the staff to improve their airlines, I haven't seen that of late." - That got applause.

Mr Clifford stated that he does talk to the staff whenever there's time on flights. He's also conscious of maintaining the proper links between management and staff, via the unions. Next questioner...

Comment re lack of dividend. Mr Clifford "I understand the frustration re lack of dividend"

Mr Paul Cousins - "Since Mr Joyce came in, the share price has dropped 50%, why the hell hasn't his pay dropped 50%?"

Mr Murphy - "I find it really difficult that we're discussing remuneration now .. while this company is going down the drain"

"The baggage handlers, the pilots seem to matter to me. It doesn't take a brains trust to discuss this"

"Alan said this morning 'We treat all customers the same, including politicians'. The difference is that the politicians don't buy the tickets, we do"

Alan Turbridge (I think that's right, the 85 yo) is back...

" ... Simple maths question ... Since Mr. Joyce came long, share prices have dropped 50%, i just wanted to know why the he11 his salary hasn't dropped 50%" <--- Legend

"It doesn't take a brains-trust to get some negotiations happening!"

Now Mr T is up again! (That 85y.o.) :D

New speaker - "I'm very sorry that we can't pay our CEO more, but you know who I feel sorrier for? Our shareholders. If times are tough, it should be tough for all."

1.5m proxies voted FOR the CEO's remuneration... 42K AGAINST.

Passed... Shouts of 'shame', boo's etc. Not popular.

Passed to plenty of boo's from the audience...

War it is then, PIA will be coming out of the box.

Mr Chris Burley - "I understand that 71% of short term has been paid out this year. Share price halved, lost market share, no dividend. What would would have to happen to the company for the short term incentive to be cut back to say 50%"

New speaker "I understand that If an QF executive meets the 'average' benchmark, they get 50% of their bonus. In normal jobs, if you're average you get to keep your job. Please explain" (paraphrasing, sorry)

It was always going to happen unfortunately. The mum and dad shareholders were never going to stack up against corporate shareholders.

The woman who spoke earlier was right, the meeting is a farce.

AWBC

I wonder what the QF share price is/has been doing before, during and after this "AGM farce" - to quote one of the persons asking questions.

Why do they even bother with this sham process when the outcome has already been determined by their fellow trough feeders. It's an insult to our intelligence.
What an absolute CROCK!!

Mr Malcolm Fraser (no, not that one)... "You're hearing the voice of the ordinary person. Why do you have to pay such a high salary to get the best effort? There are lots of people who would give you that for far less"

"There's one thing your missing. Leadership in restraint. As in 'I want to give my best so that airline has a future'. if executives followed this strategy, we'd have more success."

Leigh Clifford is insinuating that they are being restrained...

Jack's back - While this gentleman has a lot of valid points, I am afraid he's being seen a bit like the comic relief for the day. He's 'discussing' the terrible financial situation.

"Dividend Related Post Traumatic Stress Disorder" "I'm all against it"

I would have loved to be there. Unfortunately I'm at home studying (on a day off) for a sim tomorrow. It sounds like it was a cracker but ultimately it's a sham process for a sham of an executive and board.

Does anyone know what percentage of the shares are owned by the board members ?

Final resolution being voted on now.

1.5M proxies FOR and 61.8K AGAINST. I could tell you the result.

Meeting now closed. Wow, that was a bit of an eye opener for me. We have a day off in Perth today (CHOGM), hence why I could watch. I am pleased I helped some out who couldn't. Now let the fur fly, I suspect.