News
  • Login
  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Sunday, September 6, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Runaway emu in Australia sparks police chase

    Families lose ‘lifeline’ after Haitian caregivers let go as TPS status ends

    UN votes to adopt new world map to reflect Africa’s true size

    Watch: Moment 64-year-old Nepali woman is found alive in mud-buried home

    Majority Russian-speaking city in Ukraine considers language ban in the arts

    US and Iran trade retaliatory attacks on ships as conflict flares

    Russia-Ukraine war: US envoys set for Ukraine talks after Putin meeting

    AI data centres are booming in Australia – but at what cost?

    Trump’s peace envoys to visit Moscow and Kyiv over weekend

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Disruption at Port of Dover due to ‘stop the boats’ protest

    Major disruption as grass fire hits Heathrow train links

    Rangers: Who will carry goal threat after ‘significant’ Lawrence Shankland injury?

    Vitor Matos: More to come from Swansea City despite unbeaten start

    Coleraine hen’s shed: How DIY classes for women are more than just practical

    Farage's family want him to 'pack it in and walk away'

    Diamond League results: Amy Hunt continues strong season with third in Diamond League final

    The Grand Tour's new presenters: 'I hope we prove the critics wrong'

    Clock starts ticking on race to buy Scotland’s ‘forgotten Einstein’ church in Galloway

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Manx space group urges election election candidates to back treaty

    Trump calls for interest rate cut after jobs figures raise hike bets

    Flyers might have to face more disruption with hotter skies

    Virgin’s Richard Branson: Flight price rises due to ‘foolish leaders’ starting wars

    Why are European countries moving their gold out of North America?

    Watch: How much can Canada fight back in its trade war with the US?

    B&Q and Five Guys among firms which paid staff below minimum wage

    NI employers named for not paying staff minimum wage

    Argentina to sanction oil firms as Falklands dispute with UK heats up

  • Tech
  • Entertainment & Arts

    Dancers say Lizzo ‘needs to be held accountable’ over harassment claims

    Freddie Mercury: Contents of former home being sold at auction

    Harry Potter and the Cursed Child marks seven years in West End

    Sinéad O’Connor: In her own words

    Tom Jones: Neighbour surprised to find singer in flat below

    BBC presenter: What is the evidence?

    Watch: The latest on BBC presenter story… in under a minute

    Watch: George Alagiah’s extraordinary career

    BBC News presenter pays tribute to ‘much loved’ colleague George Alagiah

    Excited filmgoers: 'Barbie is everything'

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business

Australian airline Qantas slashes exit pay of former boss Alan Joyce

August 8, 2024
in Business
2 min read
245 8
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Australian airline Qantas says it will slash the exit package of its former chief executive Alan Joyce after a series of scandals and costly legal cases that resulted from decisions made during his time in charge.

The A$21.4m ($14m; £11m) payout Mr Joyce was due to get after leaving the firm last year will be cut by A$9.26m, the company told investors.

The firm also says other current and former senior executives will see their short-term incentives cut by 33%.

The announcement came on the same day as Qantas released the findings of a review of how the company is run.

“The events that damaged Qantas and its reputation and caused considerable harm to relationships with customers, employees and other stakeholders were due to a number of factors,” the airline said.

“While there were no findings of deliberate wrongdoing, the review found that mistakes were made by the Board and management”.

Mr Joyce, who was chief executive for 15 years, led the company through the 2008 global financial crisis, the pandemic and record fuel prices.

However, by the time he stepped down in 2023, Qantas was facing growing public anger over high fares, mass delays and cancellations, and its treatment of workers.

Mr Joyce’s successor, Vanessa Hudson became the first woman to lead the airline when she became chief executive in September last year.

He had been set to leave the firm in November but stepped down two months earlier than planned.

At the time, Mr Joyce said attention on “events of the past” made it clear this is “the best thing” he could do.

The airline has been the subject of growing public anger after reaping record profits despite a series of scandals.

Last year, Qantas lost a High Court case over the sacking staff during the pandemic.

In May, it also agreed to pay A$120m to settle a lawsuit over the sale of thousands of tickets for flights that had already been cancelled.



Source link

Tags: airlineAlanAustralianbossexitJoycepayQantasslashes

Related Posts

Manx space group urges election election candidates to back treaty

September 6, 2026
0

Candidates standing in the Isle of Man's general election have been sent letters asking them to back the island...

Trump calls for interest rate cut after jobs figures raise hike bets

September 6, 2026
0

Donald Trump has called for interest rates to be cut later this month, claiming higher rates put the US...

Flyers might have to face more disruption with hotter skies

September 6, 2026
0

As the country sweltered through one of the many heatwaves of a baking summer in late June, towering thunderclouds...

  • Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

    525 shares
    Share 210 Tweet 131
  • UK inflation: Supermarkets say price rises will ease soon

    517 shares
    Share 207 Tweet 129
  • Ballyjamesduff: Man dies after hit-and-run in County Cavan

    512 shares
    Share 205 Tweet 128
  • Google faces new multi-billion advertising lawsuit

    509 shares
    Share 204 Tweet 127
  • Somalia: Rare access to its US-funded 'lightning commando brigade

    509 shares
    Share 204 Tweet 127
  • Trending
  • Comments
  • Latest

Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

January 10, 2023

UK inflation: Supermarkets say price rises will ease soon

April 19, 2023

Ballyjamesduff: Man dies after hit-and-run in County Cavan

August 19, 2022

Stranger Things actor Jamie Campbell Bower praised for addiction post

0

NHS to close Tavistock child gender identity clinic

0

Cold sores traced back to kissing in Bronze Age by Cambridge research

0

Disruption at Port of Dover due to ‘stop the boats’ protest

September 6, 2026

Manx space group urges election election candidates to back treaty

September 6, 2026

Trump calls for interest rate cut after jobs figures raise hike bets

September 6, 2026

Categories

England

Disruption at Port of Dover due to ‘stop the boats’ protest

September 6, 2026
0

There has been major disruption at the Port of Dover due to a large group of masked men holding...

Read more

Manx space group urges election election candidates to back treaty

September 6, 2026
News

Copyright © 2020 JBC News Powered by JOOJ.us

Explore the JBC

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

Copyright © 2020 JBC News Powered by JOOJ.us

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
News
More Sites

    MORE

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
  • News

    JBC News