Yep Qantas have some serious issues now.
On another note how is the ridiculous amount of money that outgoing CEO GEOFF Dixon was paid, $12.2million.
http://www.news.com.au/business/story/0,27753,24720468-14334,00.html
"Lisa Marshall said Qantas defended its executive salaries as a means to retain the best managers, while it offered its other staff a payrise of only three per cent in the last wage talks.
lso an Australian Services Union representative, Ms Marshall said the staff deal was a "slap in the face" - less than the CPI, and the deals reached for Brisbane City Council and Queensland Health administration staff.
"It's disgusting that you can keep continually raising your salaries, giving yourselves slaps on the back and yet it has never filtered down to the people underneath you," she said.
Rod Shaw told fellow shareholders it was an "obscene" salary, and they had a moral and fiscal responsibility to reject the company's remuneration report.
"The past practice of giving excessive amounts to executives willy nilly will cease," Mr Shaw said.
"Shareholders and the general public are tired of these excesses ... even the prime minister of the country has committed to addressing the obscene salaries and benefits being paid to CEOs and executives."
I would never invest in this company, but I think it has a lot of potential for shorting.
On another note how is the ridiculous amount of money that outgoing CEO GEOFF Dixon was paid, $12.2million.
http://www.news.com.au/business/story/0,27753,24720468-14334,00.html
"Lisa Marshall said Qantas defended its executive salaries as a means to retain the best managers, while it offered its other staff a payrise of only three per cent in the last wage talks.
lso an Australian Services Union representative, Ms Marshall said the staff deal was a "slap in the face" - less than the CPI, and the deals reached for Brisbane City Council and Queensland Health administration staff.
"It's disgusting that you can keep continually raising your salaries, giving yourselves slaps on the back and yet it has never filtered down to the people underneath you," she said.
Rod Shaw told fellow shareholders it was an "obscene" salary, and they had a moral and fiscal responsibility to reject the company's remuneration report.
"The past practice of giving excessive amounts to executives willy nilly will cease," Mr Shaw said.
"Shareholders and the general public are tired of these excesses ... even the prime minister of the country has committed to addressing the obscene salaries and benefits being paid to CEOs and executives."
I would never invest in this company, but I think it has a lot of potential for shorting.
