Australia's Qantas Airways (OTC:QABSY) former CEO Alan Joyce reportedly saw a significant increase in his pay, rising by 872% in FY23, as he cashed in long-term incentives upon retiring.<br /><br />This substantial increase was primarily due to years' worth of long-term incentives that Joyce cashed in as they vested, reported Reuters. In the previous year, his total pay was A$2.3 million.<br /><br />Joyce took home A$21.4 million in the 2023 financial year. However, the report noted the company decided to reduce and withhold substantial bonuses in response to ongoing lawsuits.<br /><br />Alan Joyce retired early this month after a regulator lawsuit accused Qantas of selling tickets on thousands of already-cancelled flights.
