Qantas Reduces Former CEO Alan Joyce's Exit Package by $6.1 Million
The airline's internal review cites management errors and a focus on financial goals over customer care during Joyce's tenure.
- Alan Joyce's final payout cut by A$9.3 million due to governance issues.
- Qantas faced public backlash over high fares, flight cancellations, and poor customer service.
- The internal review highlighted excessive deference to Joyce and lack of board challenges.
- Qantas is implementing 32 recommendations to rebuild trust with stakeholders.
- Current CEO Vanessa Hudson is leading changes to improve governance and transparency.