Good afternoon. Qantas executives faced a grilling from irate shareholders at a tense annual general meeting today, with investors voting overwhelmingly to reject a pay plan for executives – one of corporate Australia’s biggest ever protests against its executive pay plans.
Both the chair, Richard Goyder, and chief executive, Vanessa Hudson, apologised to investors for a series of sagas that had seen the company’s share price plummet. Qantas has seen its reputation tarnished after growing customer animosity at poor service and high air fares, as well as legal challenges that could see the airline pay hundreds of millions in compensation and penalties.
