Former Qantas CEO Alan Joyce received millions for a short tenure

Alan Joyce, former CEO of Qantas Airways, received compensation of 3.4 million Australian dollars (approximately 2.3 million US dollars) for just over two months of work before leaving the airline prematurely. His departure came amid a massive image crisis for the airline, which also significantly impacted his own reputation. Last month, Qantas Airways attempted to finalize Joyce’s compensation for the fiscal year ending in June 2023 and reduced his final payout by 9.3 million Australian dollars. Joyce resigned in September 2023, after both Qantas' image and his own had suffered greatly. Following his sudden resignation, questions arise regarding how the airline will handle the challenging situation moving forward and what measures will be taken to restore its tarnished reputation. Additionally, the high compensation for only a few weeks of service highlights the often controversial salary structures in the top management of large corporations.