Just how much venom Qantas’ shareholders choose to spew at the airline’s board in the upcoming annual general meeting has got corporate circles buzzing.
How large will the vote against executive pay packets be? And will it break the record of 88 per cent set by National Australia Bank shareholders in 2018? Or will investor backlash be more on the scale of the 62 per cent trouncing delivered to Westpac’s board the same year?Richard Goyder, Qantas chairman, and Vanessa Hudson, the airline’s chief executive, are likely to get a hostile welcome from investors at the upcoming AGM.
Expect Qantas to get ahead of the opprobrium. Sampson will almost certainly not stand for re-election if the numbers pile up against him.If he doesn’t, we can expect an announcement from Qantas that he won’t be standing for election. At this point, Joyce’s cash looks mostly safe but not bankable. If the competition regulator’s allegations that Qantas misled and deceived its customers are proven, then Joyce’s long-term options will suffer.
There is little point in subjecting her to death by a thousand cuts. They need to make a call on whether she was part of the problem or the solution.by 3.5 per cent in response to elevated fuel costs. The hike comes just a month after Qantas warned that higher fuel costs would feed into fare increases. There’s nthing wrong with the rationale but Hudson’s timing couldn’t be worse.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qantas board braces for clash with shareholdersJust how much venom Qantas’ shareholders choose to spew at the airline’s board in the upcoming annual general meeting has got corporate circles buzzing.
Read more »
Qantas board braces for clash with shareholdersJust how much venom Qantas’ shareholders choose to spew at the airline’s board in the upcoming annual general meeting has got corporate circles buzzing.
Read more »
Top public servants told to declare airline lounge memberships amid Qantas controversyAustralian Public Service Commission updates guidelines for agency heads as questions swirl over influence of invitation-only Chairman’s Lounge
Read more »
Qatar Airways lobbyist spotted in Qantas Chairman’s LoungeEamonn Fitzpatrick went deep behind enemy lines, and didn’t pass unnoticed.
Read more »
New Qantas boss Vanessa Hudson will show up to staff roastWhile Alan Joyce wasn’t too keen on the Qantas Revue, a variety show where the airline’s employees ribbed the higher ups, his successor is striking a different tone.
Read more »
Qantas to hike airfares to offset skyrocketing cost of fuelTravellers will be paying more to fly with Qantas after the airline announced it is hiking airfares to offset the skyrocketing cost of fuel. The Flying Kangaroo has confirmed the cost of seats on domestic and international flights will soon rise by 3.5 per cent on Qantas and 3 per cent on Jetstar.
Read more »