When Dixon retired his position at Qantas most thought good...

When Dixon retired his position at Qantas most thought good riddance!, things could only get better now many thought.

Between 2001 and his retirement in 2009, in cash terms, Geoff Dixon was the highest paid airline executive in the world, maybe this is where Alan Joyce learnt his bad manner of putting nose deeply in the trough as did some of his predecessors.

Just in case some of us need to be reminded, shortly before his retirement Dixon was paid $12.1 million which included a retention payment of $4.5 million.
In 2009 even though Dixon only worked for 3 months of the year, he received a "base pay of $1.9 million and a total renumeration of $10.7 million.

The following is an excerpt written at the time by Adam Schwab of Crikey.com

That seems like an awful lot of money for four months? work  ? especially since Dixon?s successor, Alan Joyce, received a fixed salary of $1.7 million and total remuneration of a miserly $3.7 million (a drop of 28%). Somewhat unusually, Qantas felt the need to pay Dixon more than $3 million to compensate him for changes to superannuation laws as well as a $657,000 termination payment. The termination payment was especially generous given that Dixon wasn?t terminated, but rather, he left in a huff when his potential private equity riches evaporated. (Dixon wasn?t the only very well remunerated Qantas executive  ? the affable Kevin Brown, Qantas head of Human Resources, was paid more than $7 million for 18 months? work until February 2009. His role primarily consisted of sacking workers and ensuring that Dixon was very well paid).

The story gets worse for these leeches but you can read it for yourselves on :

http://www.crikey.com.au/2009/09/22/how-geoff-dixons-millions-grounded-qantas/

It has just continued to get worse at Qantas and it's time shareholders stood up in unison and take a stand against the Qantas board.