Qantas is cutting executive bonuses after data breach
4 days ago
- #cyber breach
- #executive pay
- #Qantas
- Qantas cuts senior leadership bonuses by 15% following a cyber breach.
- CEO Vanessa Hudson's pay reduced by A$250,000; five other executives lose A$550,000 combined.
- Data breach in late-June exposed personal info of over 6 million customers.
- Bonus cuts reflect leadership's 'shared accountability' and efforts to support customers.
- Senior leadership salaries still higher year-on-year despite bonus reductions.
- Qantas reports A$2.4 billion underlying pre-tax profit, its second-highest on record.