Are major airline top brass salary packages acceptable or a bit peeving?

[mono88]

mono88, do you mean 'everyone else overseas?' or 'some other executives in Australia?'

In Australia. The legislation was specific to Aust.
Heaven help us if we reach US levels where some have reached over $100m and more a year

 

[mono88]

As long as the wage doesn't affect profitability/shareholder dividends.

A large qty of his wage would be pre profit figure.

Wages bonuses have lots of complications and also many parts to make it all happen.

When we do our bonus structures up at work some of the bonus's are very good once you achieve certain targets.

We have bonus's from our supplier and we can not actually get all of our targets but get certain key points and achieve a decent figures as they have a huge weighting to the organisations.

I ran a target for a client for purchase and we had a breakdown on certain products. The products with higher margin and also key to winning market segments we had a higher%%% of bonus.

My client got a lot of his performance indicators and we gave him a 6 figure cheque back.

Most public companies use a weighted average basket of comparable public company share prices to determine the short term and long term share awards and cash bonuses paid,each year to senior employees.
So it may be possible to get a share award/cash bonus, even if the company makes a loss, if the QF shareholder return is in the upper percentile relative to comparable public companies. Just depends on the different weightings companies give to EBIT, market share and other KPI's in determining what a good performance is for that year.
This sort of methodology became more popular when companies stopped the issue of share options to senior employees because they were often "out of the money" and worthless to the employee a la the Dotcom crash and GFC.
It is also important to distinguish between a bonus and commission as they are not the same thing. Most senior employees never receive commission.

 

[Melburnian1]

Here is a brief article from today comparing total remuneration for AJ and JB:

Sky-high salaries: Joyce tops Borghetti

 

[harvyk]

Personally I think there are too many CEO's out there who receive pay checks well above their actual value to the company. I also think that a CEO's pay should be directly linked to the company's bottom line (make it really nasty, make it based on amounts after tax and "schemes", let's see how happy they'd be with creative accounting then). Company does well, CEO does well, company does badly, well I hope the CEO likes living on baked beans.

All that said, the amounts given to AJ / JB are not exactly on the extreme scale for a CEO, even in AU. Considering that as a business both are doing ok (as ok as any airline can do) I don't exactly see the problem.

 

[Melburnian1]

'Pay checks', harvyk?

You may mean that there are no 'pay checks' but that they 'receive pay cheques well above their actual value....'

UK English is the standard in Australia.

Very funny pun, though.

 

[Simo]

Lucky AJ's pay check is not measured on time departures Melburnian1