Can't get his team to implement PB! What has he done for a PayRise?

[mark299]

Qantas seem to be struggling with even implementing priority boarding. They have been outplayed in most departments by VA. To top it all, he makes the decision to sack 1000 employees, talks about qantas pilots wanting too much... but is happy to take a $2M pay rise!

The disturbing trend with AJ's Qantas is that they are no longer listening to its customers. They seem to be doing what they want... rest assured customers won't put up with it for ever.

 

[munitalP]

My wager...

876 replies (115 from one poster alone)
43 infractions
2 bans
17 people leave AFF for good
2.something hours wasted of most peoples lives reading this thread....



munitalP

 

[Austashes]

All things being equal:

Qantas chief executive Alan Joyce's pay rise is only equivalent to about 30 jobs of the 1000 planned cuts.
Alan's wages went up 71% but so have ticket auxillary charges.
Qantas share price has halved in the past few months, but so has their service and the number of status privilages actually delivered.
But that's OK because all ticketing staff have been replaced with Q Tags and swipe poles.
Profits are up along with the age of aircraft and maintenance problems.
But at least they are still providing broad sheet newspaper in the mornings that everyone in the row gets to enjoy even when your not holding it.

No wonder people are wandering into Busines Class for relief.

Please all in jest, Qantas staff are great. :mrgreen:

 

[mark299]

Most people get bonus, if they perform well, their company performs well etc... I don't see any reason for AJ to get a pay rise at this time. Need to think of all those people who are loosing their jobs.

 

[AnonymousCoward]

Qantas seem to be struggling with even implementing priority boarding. They have been outplayed in most departments by VA. To top it all, he makes the decision to sack 1000 employees, talks about qantas pilots wanting too much... but is happy to take a $2M pay rise!

The disturbing trend with AJ's Qantas is that they are no longer listening to its customers. They seem to be doing what they want... rest assured customers won't put up with it for ever.

I assume AJ is being rewarded for delivering extra returns to the people who own the company (and thus who employ him).

Now, if customers leave or profits drop, then I would hope his salary likewise suffers.

Personally, I doubt the shareholders are paying him to implement priority boarding. They are paying him to give them a decent return for the risk they are incurring.

 

[rechoboam]

I assume AJ is being rewarded for delivering extra returns to the people who own the company (and thus who employ him).

Now, if customers leave or profits drop, then I would hope his salary likewise suffers.

Personally, I doubt the shareholders are paying him to implement priority boarding. They are paying him to give them a decent return for the risk they are incurring.

What has been the total return from Qantas shares since he started? Better than cash? And once adjusted for risk?

 

[ajw373]

Actually if you look at Joyces complete package rather than reading the headlines from the unions and tabloids you would see he has actually taken a 10% cash pay cut, from about $3.3m to $3. Whilst his package as a whole has been increased it should be noted that it is in the form of shares and is only given if performance targets are met.

Now going to ask how many here have a remuneration package that includes the possibility of performance bonuses? If so do you count this possibility as part of your package? I know I can get access to a performance bonus of about 15%, which I have received once in the last 3 years, however it is not counted as part of my "advertised" package.

 

[OverrideServlet]

I'd say that doing things like not implementing priority boarding (& other benefits) is exactly the reason why his team met/exceeded their targets.

I read somewhere yesterday that he was actually being paid more whilst he was at Jetstar.

qantaspriorityboarding.com

 

[TheInsider]

All things being equal:
But that's OK because all ticketing staff have been replaced with Q Tags and swipe poles.

Once again they have not. Once again there are more staff on the floor then what there was under the the system when passengers queued.

 

[oz_mark]

Actually if you look at Joyces complete package rather than reading the headlines from the unions and tabloids you would see he has actually taken a 10% cash pay cut, from about $3.3m to $3. Whilst his package as a whole has been increased it should be noted that it is in the form of shares and is only given if performance targets are met.

And had he met all his targets (I think some stretch targets were not met), the actual package would have been more than $6 million.

 

[dfcatch]

Once again they have not. Once again there are more staff on the floor then what there was under the the system when passengers queued.

I find this very hard to believe given my experience in SYD last week at morning check in.

There was a very empty check in hall (other than pax), ghostly looking bag drop machines (fine for me as I didn't have to wait), and I saw 1 QF staff member milling around one of the kiosk groups.

Now I'm sure that there were more staff somewhere (perhaps on the service desk - which out of interest I couldn't see where it was - didn't look too hard though).

So - not saying you're wrong in your facts - but my observation was that QF check in staff were quite thin on the ground.....

For the record - my check-in experience was fine and no complaint with NGCI at this stage

 

[froggerADL]

I assume AJ is being rewarded for delivering extra returns to the people who own the company (and thus who employ him).

Now, if customers leave or profits drop, then I would hope his salary likewise suffers.

Personally, I doubt the shareholders are paying him to implement priority boarding. They are paying him to give them a decent return for the risk they are incurring.

How are the shareholders getting a decent return for the risk they are incurring? Qantas hasn't paid a dividend and the share price has fallen.

It seems to me that AJ is being rewarded for something other than delivering decent returns.

 

[elbarto]

How are the shareholders getting a decent return for the risk they are incurring? Qantas hasn't paid a dividend and the share price has fallen.

It seems to me that AJ is being rewarded for something other than delivering decent returns.

I'd like to know what. Declining market share, declining profit, declining customer satisfaction. Sounds like a reason to pay the management team a bonus. I'd really like the performance criteria of CEOs and senior management to be more readily available instead of them harping on about not disclosing because of commercial sensitivity.

 

[russ]

elbarto, Have you looked at the QAN Annual Report?