Qantas CEO Alan Joyce named as Australia's highest paid chief executive

Discussion in 'Current Affairs' started by Silverman99, Sep 18, 2019.

  1. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Just imagine what you would have each payday to spend on precious metals



    Qantas CEO Alan Joyce was Australia's highest-paid chief executive last year, taking home $23.88 million as he reaped the rewards of a long-term incentive plan.
    Mr Joyce narrowly beat Macquarie Group's Nicholas Moore, who earned $23.86 million, according to a report conducted by Ownership Matters for the Australian Council of Superannuation Investors.
    Mr Joyce had been allocated millions of shares in 2014 when they were worth $1.26 each and they vested in 2018 at $5.66, the report said.

    The surge helped Mr Joyce rise from eighth place on the list a year earlier, with Mr Moore rising one spot.
    Domino's Pizza Enterprises boss Don Meij made $36.8 million to take top spot in 2017, but received a slimmed down $7.1 million in 2018 after becoming the only ASX100 boss to miss out on a bonus in the year.
    For chief executives of Australia's top 100 public companies, their average realised pay was $5.6 million, down 7.6 per cent as several well-paid chief executives retired.

    None of the big four bank chief executives were among the top 10 best-paid CEOs for a second straight year.
    The report included pay data for 158 chief executives of the ASX200, with some companies excluded for various reasons, including that their chief executives were new or differences in international reporting standards would make comparisons difficult.

    AUSTRALIA'S HIGHEST PAID CEOs OF PUBLIC COMPANIES
    1. Alan Joyce, Qantas Airways, $23,876,351
    2. Nicholas Moore, Macquarie Group, $23,855,580
    3. Michael Clarke, Treasury Wine Estates, $19,024,334
    4. Bob Vassie, St Barbara, $13,246,088
    5. Craig Scroggie, NextDC, $12,515,914
    6. Sandeep Biswas, Newcrest Mining, $12,083,392
    7. Brian Benari, Challenger Group, $11,696,001
    8. Raleigh Finlayson, Saracen Mineral Holdings, $11,284,256
    9. Andrew Bassat, Seek, $10,744,472
    10. Colin Goldschmidt, Sonic Healthcare, $10,017,376
     
  2. Michael Stevens

    Michael Stevens Member

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    Big turnaround for a man who was once Straya's favourite punching bag!
     
  3. Number 47

    Number 47 Well-Known Member

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    He's still copping plenty of balls to the face, and im sure there's still plenty of punching going on.

    images (16).jpeg
     
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  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  5. leo25

    leo25 Well-Known Member Silver Stacker

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    lol and he is loving it. :D
     
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  6. House

    House Administrator Staff Member

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    News.com.au reporting ensured the reader was more than aware he earned far more than the average Aussie;

    “The country’s top-earning CEO pocketed a staggering $23,876,351 last year while everyday Aussies battle stagnating wage growth and skyrocketing cost of living pressures.”

    “The Irish-born chief executive’s realised pay — in other words, the money he truly received during the fiscal year — was just shy of $24 million, which is more than 270 times the national average.”

    “According to the report, the median pay enjoyed by ASX 100 CEOs was $4.5 million — a far cry from the country’s average full-time wage, which the Australian Bureau of Statistics places at $85,010.”

    Article continues with today’s standard of journalism of simply copy pasting Twitter outrage such as “It’s high time that the bonuses were capped and these thieves were taxed at a super tax rate of 85 cents in the dollar …”

    Qantas made a record profit of $1.6 billion :rolleyes:
     
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  7. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    The CEO of the company I work for makes about Joyce salary - in USD.

    Would I want his job, or that of any of his direct reports? No chance. They have all sold their soul, same as every major company. The have zero home life and you might think you would do it for a few years and then kick back, but the type that do that job have done so all their lives.
     
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