Qantas will pay soon to be minted chief executive Vanessa Hudson’s a base salary of $1.6 million when she starts in the role in November, but may receive millions more if the carrier meets its short and long-term bonus targets.
this week after a late-night Qantas board meeting on Tuesday, ending months of speculation into the carrier’s succession plan.over his multimillion-dollar pay packet last year
, despite the airline’s shareholders voting in favour of his remuneration. He’s eligible for $15.2 million in bonuses at the end of this financial year, after deferring his long-term incentives for the past three years. He may also cash in about $4.5 million in short-term bonuses depending on the Qantas board’s assessment in August.He will also receive 698,000 Qantas shares, worth more than $4 million, which will vest on June 30 under the airline’s 2022-23 recovery retention plan.
Joyce was paid $5.5 million in 2021, including $2.2 million in cash and $3.3 million in bonus shares that could vest in the future. On an “actual” basis, Joyce took home $2.17 million, up 15 per cent from the year prior. Qantas said it restored Joyce’s base salary to 2019 levels last year because he took zero pay for three months in 2020 and for one month in 2021, in addition to three months on reduced pay in 2021.
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