Qantas CEO Alan Joyce doubles salary for 2017

Qantas CEO Alan Joyce doubles salary for 2017

The hotly anticipated income of Qantas CEO Alan Joyce has finally been revealed, and oh boy it’s eye-watering.

Sit down, because the figure might make your knees weak.

Joyce has doubled his 2016 salary, earning a whopping $24.58 million this year compared to $12.96 million a year ago.

So how does he stack up to the rest of the travel industry’s bigwigs? As it turns out, Joyce stands well ahead of the rest.

Although the CEO’s contribution to the company cannot go unnoticed, turning around a $2.84 billion loss into a 353 per cent jump in share price in just three years.

In August, Joyce said his plan “well-and-truly paid off” as Qantas posted an underlying profit before tax (PBT) of $1.401 billion.

The airline also recorded a statutory PBT of $1,181 billion for the 12 months ended 30 June 2017, making this year’s results the second highest in Qantas’ 97 year history.

As well as internal do-gooding, Joyce has also made a significant contribution to the ‘Yes’ campaign for same-sex marriage, donating $1 million to the cause earlier this month.

Joyce’s base salary is $2.1 million, however, the long-term share incentive scheme which has boosted his income has made him one of Australia’s highest paid CEOs.

Joyce’s pay has jumped from $12 million in 2015 and $13 million in 2016 to $24.58 million this year.

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