Former Qantas CEO Alan Joyce Receives $3.8M Final Payout Amid Executive Bonus Cuts

Alan Joyce, the former CEO of Qantas, has received a substantial final payout valued at $3.8 million in shares as part of his long-term incentive plan for the 2023-2025 period, despite previous pay cuts following multiple controversies during his leadership. This payout reflects the remaining rights that the board allowed to vest, even after removing other long-term incentives. At the same time, his successor Vanessa Hudson saw a significant pay increase of 44%, reaching $6.3 million, according to Qantas' 2024 annual report. The airline also faced challenges with executives being punished through bonus cuts due to a cyber attack, highlighting ongoing corporate governance issues. These developments come amid broader news of Qantas-related executive remuneration and corporate actions. The payout marks a notable conclusion to Joyce's tenure at Qantas, which was marked by both achievements and public relations difficulties.