August 8, 2024 • 4 mins
Australian airline Qantas has slashed former CEO Alan Joyce's exit package, following a stint of costly scandals and legal cases.
The $21.4m payout Joyce was due to get after leaving the company last year will be cut by $9.26m, the company told investors.
Australian correspondent Murray Olds says this follows a rough business period for the airline.
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Speaker 1 (00:00):
Ozzie Prome Minister. Albow has responded to our own Prime
Minister's joke about Ossie's in Parliament yesterday. So, Chris Luxen,
this is what he said when he was defending Paul
Goldsmith's decision to cut all the Marty words out of
an invitation to an Ossie cabinet minister. And what I'd
say to you.
Speaker 2 (00:13):
In my dealings with Australians, it's always pays to be
incredibly simple and clear and use English.
Speaker 1 (00:19):
Here's what Albow thinks of that.
Speaker 2 (00:21):
Christopher Luxen's a friend of mine, but I often think
that whilst we both speak English, sometimes we need interpreters
with the Kiwi accent. From time to time things can
be missed between us and Lord.
Speaker 1 (00:35):
It's rich coming from him with that accent.
Speaker 3 (00:37):
Right, international correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 1 (00:44):
Murray old Ozsi correspondents with us now heymus yet bonds
of beauty, beauty bombs, mate. I mean even there, you
must appreciate that Albow's accent is atrocious.
Speaker 3 (00:57):
Well matey, Yes, I mean he does seem to have
a unique way of mangling Australian English. That's for sure.
But I remember my mum bless her years ago. I'd
come home for a holiday to crash church and said, massa,
I don't understand the what just sagen? So even poor
old mum struggled.
Speaker 1 (01:16):
It's a really bad qui accent. We're going to forgive you.
Speaker 2 (01:19):
Hey.
Speaker 1 (01:19):
So I see your governor is still talking tough on
maybe hiking the old oc.
Speaker 3 (01:24):
Are there absolutely right? Michelle Bullock says the bank will
not hesitate to lift rates if inflation looks like getting
out of hands. She said that is the number one
issue over here. The Reserve Bank did keep the cash
right on hold heather on Tuesday, as we know, at
that regular meeting and suggested the earliest rate cut would
come early in twenty twenty five, which would time in
(01:46):
with the government's planned election. A pretty damn well. But
the governor today had a speech in northern New South
Wales and said, guess what. The board is focused on
getting inflation down because it impacts everybody. One third of
Australians have a mortgage and that's tough.
Speaker 2 (02:01):
She said.
Speaker 3 (02:02):
Agreed, lots and lots of people are struggling, but she's
more concerned about the greater good and the bank's inflation
target range two to three percent. By Christmas twenty twenty five,
they're saying the rate right now of inflation three point
eight percent and whatch Also for a bit of a
bonfight between the Reserve Bank and the government, the government,
(02:22):
I should say it's my Australian accident the government. Because
the Government says things are looking good, the Reserve Bank
says not so flash. Yeah.
Speaker 1 (02:31):
Hey, sucks to be Alan Joyce today, isn't it.
Speaker 3 (02:35):
Yeah, he's not worried about inflation though. Parole Alan the
former Quadis boss. He's last year he got a bugger
off paycheck because he was leaving after fifteen years in
the top job. His goodbye check was twenty five million dollars. Well,
the outcry was such the board of the Flying Kangaroo
called in an outsider and said, can you run your
(02:56):
eye over the books please? Well, guess what. Alan Joyce
has been snipped ten minutes dollars because he wasn't that good.
After all, he has to survive on his final payout
of fifteen million. Have a listen what they found the
Flying Kangaroo under Allan Joyce's leadership. Basically, the relationship between
staff and the public just pancaked it found between the
(03:17):
Flying Kangaroo and its own staff dreadful because I went
in sacked heaps of people while paying the executive's enormous
amounts of money. So basically, Ellen Joyce. Look, once upon
a time Australians would queue up to fly quantas. Now
you talk to anybody in the street, the golf club,
the pub, they go out of their way to avoid
flying coantas because it's so bloody horrible.
Speaker 1 (03:39):
Yeah, okay, that's quite interesting insight. Hey, pretty good, pretty
good Olympics for you, guys am.
Speaker 3 (03:46):
The Australians are doing well. The best return ever at
an Olympic Games in terms of medals won in terms
of gold medals for that matter, eighteen gold medals, and
the best in a single day ever yesterday with six medals,
including four gold medals in four hours. You know the
men's scape or the women's scape. Well, that little child's
fourteen years Oh he just knocked them off, which was extraordinary. Sailing,
(04:08):
a women's pole vault and so on, track cycling and
Australian now third in the medals tally. I've been asked
over here to do a few lines on per capita.
Dominica comes out on top, one gold medal from a
population of seventy thousand people. Australians are coming in fourth
eighteen gold medals from twenty seven million, New Zealander sixth
(04:29):
and the United States way down thirty fourth place. China
one point four billion people, twenty five gold medals, forty eight.
Speaker 1 (04:36):
Oh, we'll have to do it per capita. I appreciate that, thanks,
Mars appreciated. It's Murray Olds, Australia Correspondens.
Speaker 3 (04:42):
For more from hither Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio
Ozzie Prome Minister. Albow has responded to our own Prime
Minister's joke about Ossie's in Parliament yesterday. So, Chris Luxen,
this is what he said when he was defending Paul
Goldsmith's decision to cut all the Marty words out of
an invitation to an Ossie cabinet minister. And what I'd
say to you.
Speaker 2 (00:13):
In my dealings with Australians, it's always pays to be
incredibly simple and clear and use English.
Speaker 1 (00:19):
Here's what Albow thinks of that.
Speaker 2 (00:21):
Christopher Luxen's a friend of mine, but I often think
that whilst we both speak English, sometimes we need interpreters
with the Kiwi accent. From time to time things can
be missed between us and Lord.
Speaker 1 (00:35):
It's rich coming from him with that accent.
Speaker 3 (00:37):
Right, international correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 1 (00:44):
Murray old Ozsi correspondents with us now heymus yet bonds
of beauty, beauty bombs, mate. I mean even there, you
must appreciate that Albow's accent is atrocious.
Speaker 3 (00:57):
Well matey, Yes, I mean he does seem to have
a unique way of mangling Australian English. That's for sure.
But I remember my mum bless her years ago. I'd
come home for a holiday to crash church and said, massa,
I don't understand the what just sagen? So even poor
old mum struggled.
Speaker 1 (01:16):
It's a really bad qui accent. We're going to forgive you.
Speaker 2 (01:19):
Hey.
Speaker 1 (01:19):
So I see your governor is still talking tough on
maybe hiking the old oc.
Speaker 3 (01:24):
Are there absolutely right? Michelle Bullock says the bank will
not hesitate to lift rates if inflation looks like getting
out of hands. She said that is the number one
issue over here. The Reserve Bank did keep the cash
right on hold heather on Tuesday, as we know, at
that regular meeting and suggested the earliest rate cut would
come early in twenty twenty five, which would time in
(01:46):
with the government's planned election. A pretty damn well. But
the governor today had a speech in northern New South
Wales and said, guess what. The board is focused on
getting inflation down because it impacts everybody. One third of
Australians have a mortgage and that's tough.
Speaker 2 (02:01):
She said.
Speaker 3 (02:02):
Agreed, lots and lots of people are struggling, but she's
more concerned about the greater good and the bank's inflation
target range two to three percent. By Christmas twenty twenty five,
they're saying the rate right now of inflation three point
eight percent and whatch Also for a bit of a
bonfight between the Reserve Bank and the government, the government,
(02:22):
I should say it's my Australian accident the government. Because
the Government says things are looking good, the Reserve Bank
says not so flash. Yeah.
Speaker 1 (02:31):
Hey, sucks to be Alan Joyce today, isn't it.
Speaker 3 (02:35):
Yeah, he's not worried about inflation though. Parole Alan the
former Quadis boss. He's last year he got a bugger
off paycheck because he was leaving after fifteen years in
the top job. His goodbye check was twenty five million dollars. Well,
the outcry was such the board of the Flying Kangaroo
called in an outsider and said, can you run your
(02:56):
eye over the books please? Well, guess what. Alan Joyce
has been snipped ten minutes dollars because he wasn't that good.
After all, he has to survive on his final payout
of fifteen million. Have a listen what they found the
Flying Kangaroo under Allan Joyce's leadership. Basically, the relationship between
staff and the public just pancaked it found between the
(03:17):
Flying Kangaroo and its own staff dreadful because I went
in sacked heaps of people while paying the executive's enormous
amounts of money. So basically, Ellen Joyce. Look, once upon
a time Australians would queue up to fly quantas. Now
you talk to anybody in the street, the golf club,
the pub, they go out of their way to avoid
flying coantas because it's so bloody horrible.
Speaker 1 (03:39):
Yeah, okay, that's quite interesting insight. Hey, pretty good, pretty
good Olympics for you, guys am.
Speaker 3 (03:46):
The Australians are doing well. The best return ever at
an Olympic Games in terms of medals won in terms
of gold medals for that matter, eighteen gold medals, and
the best in a single day ever yesterday with six medals,
including four gold medals in four hours. You know the
men's scape or the women's scape. Well, that little child's
fourteen years Oh he just knocked them off, which was extraordinary. Sailing,
(04:08):
a women's pole vault and so on, track cycling and
Australian now third in the medals tally. I've been asked
over here to do a few lines on per capita.
Dominica comes out on top, one gold medal from a
population of seventy thousand people. Australians are coming in fourth
eighteen gold medals from twenty seven million, New Zealander sixth
(04:29):
and the United States way down thirty fourth place. China
one point four billion people, twenty five gold medals, forty eight.
Speaker 1 (04:36):
Oh, we'll have to do it per capita. I appreciate that, thanks,
Mars appreciated. It's Murray Olds, Australia Correspondens.
Speaker 3 (04:42):
For more from hither Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio
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