March 24 (Bloomberg) — Qantas Airways Ltd. will keep its target of limiting annual employee pay increases to 3 percent as it starts talks for new workplace agreements, the Australian Financial Review reported, citing union officials. The Australian Services Union, which has the biggest representation at Qantas, is finalizing claims that will be above the [...]
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The Australian Shareholders Association says there needs to be closer scrutiny of payments and benefits handed out to departing business executives.
The issue comes on the back of continuing shareholder and union concerns about some of the remuneration packages paid to executives for the 2008/09 financial year, when many companies reported falling earnings, lowered or scrapped [...]
Qantas’s former boss, Geoff Dixon, is expected to draw the ire of shareholders and staff for the second year running after it emerged today that he pocketed a salary of almost $11 million despite serving only five months as chief executive last year.
Mr Dixon’s total salary of $10.7 million in 2008-09 – down 12 per [...]
