Dixon's Salary
Join Date: Jan 2005
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As for Dixon and half of the board...I out qualify them..Have had my own business, still bubbling along nicely. Have more tertiary qualifications than the board combined....
And I will do it for less money.
and im thirty years younger than yesterday's man!!!
And I will do it for less money.
and im thirty years younger than yesterday's man!!!
Join Date: Aug 2001
Location: Stuck in the middle...
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Originally Posted by Datum
VH-FTS: Are you for real?...
Geoff Dixon WAS good for Qantas....quite some time ago. Unfortunately, the true impact of his recent reign as CEO will not be realised for some time yet. If the 'shareholders' (who are also customers in many instances) understood the real state of the company - GD would be sacked tomorrow.
Most people (like you VH-FTS) benchmark a CEO's performance based only on his/her financial report card (a dangerously short term performance indicator)....However, a company's financial standing is only one of many areas which they are responsible. A CEO also has an equally important responsibility to the employees and in the case of Qantas - the CEO also has a resposibility to the travelling customer....that is, to provide the service they expect of Qantas. Sadly, neither the employees or the customers are very happy at the moment.
So - Does GD deserve his $6m plus package - I think NOT!
Geoff Dixon WAS good for Qantas....quite some time ago. Unfortunately, the true impact of his recent reign as CEO will not be realised for some time yet. If the 'shareholders' (who are also customers in many instances) understood the real state of the company - GD would be sacked tomorrow.
Most people (like you VH-FTS) benchmark a CEO's performance based only on his/her financial report card (a dangerously short term performance indicator)....However, a company's financial standing is only one of many areas which they are responsible. A CEO also has an equally important responsibility to the employees and in the case of Qantas - the CEO also has a resposibility to the travelling customer....that is, to provide the service they expect of Qantas. Sadly, neither the employees or the customers are very happy at the moment.
So - Does GD deserve his $6m plus package - I think NOT!
However - a company's CEO is responsible ONLY to its board. The board is responsible ONLY to the company's shareholders. All this 'stakeholder' bumph is just MBA-speak. Legal duties of a director are to the shareholders (but making sure the company operates within applicable laws).
So... is GD overpaid? In absolute terms, quite possibly. Clearly, however, he has satisfied QF's board that he is meeting the requirements of his contract, to get paid according to the formula laid down in that contract.
If you/we don't like it, raise it and vote on it at the next AGM. You might need the support of a few institutional shareholders, however, and right now, if an insto investor wants exposure to the airline sector, there ain't too many to be in which beat the Rat.
Okay say we turned this around on some of you guys, with all the responsibility, decision making trying to make a profit and giving shareholders money and creating a foundation for a better airline would this justify the 6 mil?
I dont agree with all of 'Darths' decisions but some of them are going to ensure Qantas, well the Qantas group will be around for a long time.
The only CEO in this country that is actually a good one is Roger Corbett of Woolworths.
I dont agree with all of 'Darths' decisions but some of them are going to ensure Qantas, well the Qantas group will be around for a long time.
The only CEO in this country that is actually a good one is Roger Corbett of Woolworths.
Originally Posted by qfcainer
so dixon's previous career as a journalist qualifies him to run one of the biggest companies in australia?
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GD is like most other CEO's in this country. Overpaid to the point of ripping off shareholders. Nothing new there. Piggy snouts in the trough.
What usually happens when one of them stuffs up is that they leave with a huge payout.This is a reward. Someone else then comes in on an even bigger salary to fix the mess. Its the Australian way. Learnt from public service heads and politicians.
GD's been travelling ok up to now but he's also p*ssed off just about every employee. Watch his future performance.
What usually happens when one of them stuffs up is that they leave with a huge payout.This is a reward. Someone else then comes in on an even bigger salary to fix the mess. Its the Australian way. Learnt from public service heads and politicians.
GD's been travelling ok up to now but he's also p*ssed off just about every employee. Watch his future performance.
Evertonian
I guess GD's salary is as relevant as mine to the greater world. Sure, his shareholders can have some say in this & I assume that you are all shareholders here....
...but aside from that, what he has negotiated with his employer is his business.
Obscene as the amount is to me personally, if he's made savings greater than his income, then the majority of shareholders would probably be happy with him & his wage.
Perhaps a true test of his mettle would have been if Ansett got GD instead of Chubby Checker. Until then, I didn't see a great value in a highly paid CEO, but watching AN decline from a management & leadership perspective really made me think more about the value of this role. GM the GM wasn't a great leader, but I suspect that he rode her down as lightly as he could & jumped whilst there was still time.
...but aside from that, what he has negotiated with his employer is his business.Obscene as the amount is to me personally, if he's made savings greater than his income, then the majority of shareholders would probably be happy with him & his wage.
Perhaps a true test of his mettle would have been if Ansett got GD instead of Chubby Checker. Until then, I didn't see a great value in a highly paid CEO, but watching AN decline from a management & leadership perspective really made me think more about the value of this role. GM the GM wasn't a great leader, but I suspect that he rode her down as lightly as he could & jumped whilst there was still time.
