$ 27m pay­packet for Qan­tas boss

Weekend Herald - - FRAN O’SULLIVAN -

Qan­tas boss Alan Joyce’s an­nual pay has soared to A$ 24.58 mil­lion ($ 27.17m) after he steered the car­rier’s turn­around. The Qan­tas chief ex­ec­u­tive’s to­tal re­mu­ner­a­tion for 2016/ 17 in­creased 90 per cent on the A$ 12.96m he made the prior year as the more than doubling in Qan­tas’ share price fu­elled a surge in the value of per­for­mance- based share en­ti­tle­ments. Joyce’s base pay was steady at A$ 2.11m but his pay­packet was boosted by a A$ 1.8m cash bonus and A$ 6m in vest­ing per­for­mance awards, while the value of long term share- based in­cen­tives jumped from A$ 3.16m to A$ 14.49m.

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