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
- Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report
Shareholders, in their apathy, have voted in $80 million worth...
- 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
(20min delay)
|
|||||
Last
$6.24 |
Change
-0.060(0.95%) |
Mkt cap ! $10.16B |
Open | High | Low | Value | Volume |
$6.29 | $6.33 | $6.24 | $53.86M | 8.606M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 9462 | $6.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.24 | 12374 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3411 | 6.230 |
2 | 20000 | 6.220 |
1 | 1000 | 6.210 |
2 | 18501 | 6.200 |
1 | 3000 | 6.190 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 101575 | 6 |
6.260 | 7493 | 4 |
6.270 | 920 | 1 |
6.280 | 13091 | 3 |
6.300 | 84021 | 17 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
$6.25 |
  |
Change
-0.060 ( 0.53 %) |
|||
Open | High | Low | Volume | ||
$6.27 | $6.33 | $6.24 | 1487933 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
QAN (ASX) Chart |