Shareholders, in their apathy, have voted in $80 million worth of salary and share/performance linked awards in the last decade for Alan Joyce.
These are not my figures, these are Qantas figures. Lets have a look at how shareholders pockets have faired in the last decade via retained earnings:
2013 shareholders' equity:
Today's announced shareholders' equity:
That's right people. Qantas investors have awarded Alan Joyce $80 million+ in equity and other awards, whilst the shareholder equity held on the balance sheet has shed $5,938 million.
En masse, Qantas shareholders through time are collectively idiots. Okay, COVID not his fault, but buying back shares in 2016/17/18 & 19 at $5 to $7+ was (and weakening the balance sheet), and the company nearly went to the wall in 2020 in part as a result and had to sell shares at $3 to avoid doing so. Rinse repeat, lets spend another billion on share buybacks at $6+ when the company has just got back to health....
Investors collectively have, amongst other things, endorsed Alan buying (using their capital) shares at $5 to $7, selling them at $3 and now buying them back at $6 again....and paid him $80 million to do so.
Chumps.
- Forums
- ASX - By Stock
- QAN
- Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report
Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report, page-35
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QAN (ASX) to my watchlist
|
|||||
Last
$6.12 |
Change
0.020(0.33%) |
Mkt cap ! $9.972B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.08 | $14.00M | 2.290M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 68170 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.12 | 25980 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 53074 | 6.100 |
4 | 56924 | 6.090 |
3 | 12299 | 6.080 |
4 | 8191 | 6.070 |
2 | 3017 | 6.050 |
Price($) | Vol. | No. |
---|---|---|
6.120 | 400 | 1 |
6.130 | 57113 | 8 |
6.140 | 60457 | 13 |
6.150 | 121397 | 41 |
6.160 | 27694 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
QAN (ASX) Chart |