Nick Xenophon gives a great summary of the decline of Qantas

Independent Senator from SA gives a great roundup of the Joyce years at Qantas.

Joyce has earned $22.2 million as chief executive and in the 2012-13 financial year his $5.1 million package matches the combined salaries of the Cathay, Singapore and Air New Zealand chiefs. Shareholder value seems inversely proportional to Joyce’s pay packet. Qantas shares today are worth 40 per cent less than when Joyce took over.

 Read the full article: Qantas chief Alan Joyce has plenty of questions to answer