How big is Alan Joyce’s pay out after leaving Qantas?
Former Qantas boss Alan Joyce has now officially left the airline bringing forward his retirement by two months.
But, the controversial CEO could have had trouble carrying the stack of cash he departs with after 22 years at the airline.
Transport Workers Union National Secretary Michael Kaine highlighted the timing of his departure and the state in which the airline is in.
“Alan Joyce is slipping into retirement two months early with a $24 million pay packet, leaving one of the biggest messes in corporate Australia‘s history in his wake,” Kaine said.
“After finally receiving the public scrutiny he deserves for trashing one of Australia’s’ most cherished companies, Alan Joyce is exiting with a $10 million bonus, announced on Friday.
“This is a classic Joyce move: pretend to take responsibility while pocketing obscene amounts of money,” he told media.
It’s unlikely anyone would have been standing in Joyce’s way as he departed the Qantas building for the last time.
In fact, there could have even been staff pointing out his nearest exits.
Plenty of staff would have been eager to show Joyce the way. (Credit: iStock)
The Qantas team will be desperate to begin a rebuilding phase for the airline, one that could never have never begun until after Joyce’s departure.
So, it could be seen as a win for the wider airline team that they can close the Joyce chapter in the story of the flying kangaroo.
It’s certainly a win for Mr Joyce who, rather than departing with his red painted tail between his legs, is leaving with millions of dollars in cash as a reward for his work.
In a statement to the ASX, Qanats said Joyce’s time as director ended today. An airline press release said Vanessa Hudson will move into the role on September 6.
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