Company says bonus was earned but Transport Workers Union criticises pay award, saying there is ‘no justification for this level of greed’

Qantas chief executive Alan Joyce’s pay packet has swelled to $11.9m, nearly six times his take home pay last year, after turning a record loss into a net profit for the company.

A week after reporting the largest financial turnaround in Australian corporate history, Qantas said Joyce was awarded $6.9m in shares in 2014-15, as part of long-term incentives.

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Source: The Guardian Circular Economy RSS