Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report, page-35

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.