Annual report reveals huge pay deal but also says former CEO could lose some of the packet due to ‘clawback’ provisions
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Former Qantas CEO Alan Joyce has been paid $21.4m for his final full year in charge, despite stepping down early amid a reputational crisis that saw the airline suffer an “acute loss of trust from the community”.
The pay could have been higher, with the airline withholding bonuses and flagging that it might try to retrieve a total of $14.4m in additional remuneration Joyce was in line for as the board considers clawback provisions over various sagas, Qantas revealed as it released its 2022-23 annual report on Wednesday.
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