Shareholders rebuke Qantas on CEO pay

Shareholders rebuke Qantas on CEO pay

Rebelling Qantas (ASX:QAN) shareholders narrowly missed voting down a resolution to confirm former CEO Geoff Dixon’s remuneration.

Dixon is eligible to receive $10.7 million for serving five months as CEO of the airline, under the company’s remuneration report for FY09.

The resolution to to adopt the report was passed by a slim 850.4 million votes to 629.6 million votes. Shareholders holding 34.1 million votes abstained.

Votes to re-elect non-executive directors Peter Cosgrove, Garry Hounsell and James Strong, were passed by an overwhelming number of votes.

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