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Qantas execs doing nicely
Qantas has raised the ire of the unions again as details of key Executives pay rises are revealed.
The airline’s annual report reveals Chief Executive Geoff Dixon’s total package for 2005-06 fell from $6.5 million to $5.3 million, largely thanks to his incentive payments being trimmed by the airline’s 27 per cent dip in annual profits.
In all, Mr Dixon’s incentives, post-employment benefit and share-based payments fell from around $4.5 million to $3.1 million. The package of the chief financial officer, Peter Gregg, rose marginally to $3.7 million.
Executive general manager John Borghetti’s remuneration jumped from $1.8 million to $3.2 million.
“It leaves a sour taste in my mouth when these same people are reminding us to tighten our belts,” said federal secretary of the Australian Licensed Aircraft Engineers Association Stephen Purvinas. “We would expect the generosity to be reciprocated when we enter into our next round of enterprise bargaining negotiations next month,” Mr Purvinas said.
“Everybody knows that Qantas has one rule for the top and one rule for the bottom,” Australian Services Union assistant national secretary Linda White said.
Graham Muldoon
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