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Qantas loses $860 million last year.
Results are out.
https://www.abc.net.au/news/2022-08-25/qantas-profit-loss-2022-annual-results-alan-joyce/101369872 https://www.afr.com/companies/transport/qantas-reports-1-9b-loss-plots-400m-buyback-20220825-p5bckz Planning a share buy back. Revenue around half of FY 2019. |
Can guarantee that this will be spun as to why they need to have ongoing wage freezes……..except for the executives.
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Bonuses all round for the executives given they have met their transformation targets.
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Originally Posted by brokenagain
(Post 11284672)
Can guarantee that this will be spun as to why they need to have ongoing wage freezes……..except for the executives.
Qantas CEO paid 72 times more than workers: Australian chief executives' 'obscene' wages revealed - NCA NewsWire via news.com.au (25 August 2022) |
Except that the average ASX 100 CEO earns 140 times the average wage. Qantas staff mustn't be doing too bad:
The report shows that Woolworths chief executive Brad Banducci was paid between 213 and 239 times more than one of his average employees AMCOR CEO Ron Delia earned $11.32 million, 256 times more than the average AMCOR worker worldwide. |
They'll be pumping up their bonuses too with a share buy back. I remember an article about how philanthropic senior management were because they took their salary in shares during the pandemic.
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$400 million dollar on-market share buyback. Lucky all those employees took a second round of 2 year pay freezes.
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Joyce, David, Gissing, Wirth, Evans, Hudson and other associated bottom dwellers will hit paydirt with this deal, it will top up their troughs nicely. Viva le revolution.
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Originally Posted by help me jebus
(Post 11284739)
$400 million dollar on-market share buyback. Lucky all those employees took a second round of 2 year pay freezes.
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Great to see Qantas has apologised to its long suffering passengers and extended a very generous offer to all Qantas Frequent Flyers:
https://cimg1.ibsrv.net/gimg/pprune....735bd5ed95.jpg Bravo Alan!!! :ok: |
Originally Posted by Paragraph377
(Post 11284755)
Joyce, David, Gissing, Wirth, Evans, Hudson and other associated bottom dwellers will hit paydirt with this deal, it will top up their troughs nicely. Viva le revolution.
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AJ an acolyte of SM?
Looks like AJ has been following the excellent management lead of our former PM. Communicating with honesty and clarity; respecting the contributions and needs of the general public, and showing appropriate humility. I am sure other posters can think of additional common attributes.
Seabreeze |
I would have thought the signature would / should have read 'Alan R'..........
Makes as much $'s as..... well almost. p.s. Just Lurve 'The Shovel'...... p.p.s. - Can only hope that the ATO is aware and scrutinizes accordingly....seeing as to how I've 'chipped in'....as a lowly taxpayer....... A 'Great Unwashed Taxpayer'...... |
4 Corners’ Stephen Long made an unexpected appearance at the media presser today asking some uncomfortable questions, topic changed quick smart when it was starting to get interesting. Probably a episode on the Roo approaching.
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They'll be pumping up their bonuses too with a share buy back. I remember an article about how philanthropic senior management were because they took their salary in shares during the pandemic. Joyce has 2,728,924 Qantas Shares and is the 19th largest Qantas share holder. |
Originally Posted by tail wheel
(Post 11284898)
Joyce has 2,728,924 Qantas Shares and is the 19th largest Qantas share holder.
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Originally Posted by smiling monkey
(Post 11284957)
Good to see the boss has faith in his product and his employees to deliver the goods despite all the back stabbers.
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.....................and if I never paid a single cent for any of them!
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Originally Posted by smiling monkey
(Post 11284957)
Good to see the boss has faith in his product and his employees to deliver the goods despite all the back stabbers.
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