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By Byron Kaye
SYDNEY (Reuters) - Australia's Qantas Airways said its former CEO took a pay increase of 872% as he collected years' worth of long-term incentives on the way out, but added it was cutting and withholding hefty bonuses amid damaging lawsuits.
Alan Joyce, who retired early this month after a regulator lawsuit accused Qantas of selling tickets on thousands of already-cancelled flights, took home A$21.4 million in the 2023 financial year, according to the company's annual report, pub...
>>> Read more: Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals
SYDNEY (Reuters) - Australia's Qantas Airways said its former CEO took a pay increase of 872% as he collected years' worth of long-term incentives on the way out, but added it was cutting and withholding hefty bonuses amid damaging lawsuits.
Alan Joyce, who retired early this month after a regulator lawsuit accused Qantas of selling tickets on thousands of already-cancelled flights, took home A$21.4 million in the 2023 financial year, according to the company's annual report, pub...
>>> Read more: Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals
