Instead of the longer handover, Alan Joyce has elected to go now, taking his board sanctioned millions with him.
Many shareholders are angry they did not get a chance to confront Mr Joyce at the upcoming AGM over his bonuses during the period Qantas was sustaining losses. It seems that the CEO’s get bonuses to incentivise them in poor periods and bonuses to reward them in good periods, and many ordinary workers wonder why.
Image: Image Shutterstock – Ceri Breeze
Produced By: David Zhuang
Featured In Story: Professor Nick Barter School of Business Strategy and Innovation at Griffith University
First aired on The Wire, Wednesday 6 September 2023