#UK Qantas boss Alan Joyce savaged by 2GB radio host Ben Fordham over $80 million pay #UKnews
Alan Joyce’s eye-watering wage uncovered: Radio host LOSES IT over Qantas CEO’s extraordinary wage payrise amid airline meltdown: ‘Just shameless’
- Qantas CEO Alan Joyce has earned nearly $80million within the final 10 years
- He earned $50million within the three years after Qantas recorded $2.8billion loss
- Airline fame sank pver passenger fury at cancelled flights and misplaced baggage
- 2GB radio host Ben Fordham has slammed the boss’s pay as ‘mind-blowing’
Qantas boss Alan Joyce has come underneath savage assault from 2GB radio host Ben Fordham after the airline chief was paid nearly $80 million in simply 10 years.
Passengers have closely criticised the Australian nationwide provider over its efficiency since companies resumed after Covid lockdown restrictions.
Travellers have complained about large queues, cancelled flights, misplaced baggage and having to attend months for refunds for flight tickets that had been by no means used.
But regardless of the large slide within the airline’s former luxurious fame, Mr Joyce has been incomes thousands and thousands as its CEO, raking in $75million between 2012 and 2020, and one other $4.2 million within the final two years.
Qantas boss Alan Joyce has come underneath savage assault after the airline chief was paid nearly $80 million in simply 10 years
‘That simply blows my thoughts,’ mentioned 2GB’s Ben Fordham on Tuesday as he unloaded on the Qantas boss, whose $19million dwelling was egged in a thriller midnight assault in July.
‘It’s shameless that whereas 1000s of persons are stranded on the tarmac, the boss provides himself a large payday.’
In 2017, Mr Joyce – who purchased his gorgeous harbourside mansion on Sydney’s ritzy north shore earlier this 12 months – earned a staggering $25million in simply 12 months.
Even within the midst of the pandemic – when the airline was successfully mothballed and shut down, Mr Joyce nonetheless pocketed $4.2million in 2021 and 2022.
And even when Qantas made a $2.8billion loss in 2014, Mr Joyce nonetheless managed to earn $50million in wage and shares within the three years that adopted, reported the AFR.
2GB radio host Ben Fordham slammed the CEO’s pay as ‘shameless’ and questioned his price
Qantas boss Alan Joyce splashed out on a sprawling $19million Mosman waterfront mansion overlooking Sydney harbour. He moved into the property together with his husband Shane Lloyd in May
But regardless of the passenger backlash, Qantas has been quietly placing flight costs up.
Citigroup analyst Samuel Seow discovered Qantas ticket costs have risen by nearly a 3rd on pre-pandemic fares in 2018-19.
‘It is staggering – and with eye-watering quantities of cash being paid to the CEO comes some important consideration,’ mentioned Fordham.
‘The buck actually has to cease at Alan Joyce’s desk and while you’ve received so many bucks going to Alan Joyce, the strain is absolutely on the Qantas CEO.
The airline has confronted a few of its worst efficiency ranges in historical past with greater than half of Qantas passengers having their flight both delayed or utterly cancelled in a single week
‘When an organization’s fame is copping successful, folks begin asking questions, they usually look in direction of the CEO.
‘With such a rare sum of money being paid to 1 particular person, that strain on that particular person goes to mount so that they want some efficiency enhancements, they usually want them quick.
‘If that does not occur quickly. I believe Alan Joyce goes to have a troublesome time justifying his jumbo sized wage.’
Fordham mentioned a part of the blame lay with the board and shareholders for backing Mr Joyce within the face of the declining requirements and rising fury from passengers.
‘Part of me says Good luck to him,’ added Fordham.
‘If you’ve got received the shareholders behind you and the quarters board or saying effectively, that is what he is price, then good luck to him.
‘But is Alan Joyce price it?’