With #NZPol DPM David Seymour suggesting, after AirNZ's $40M loss, selling NZ govt's 51% share in NZ's national airline #AirNewZealand I wondered what some of the airline's avoidable overheads might have led to financial losses?
I asked the internet: How much did Chris Luxon earn in his total time as Air NZ CEO?
This is the answer I got.
*AI Overview
During his nearly seven-year tenure as Chief Executive of Air New Zealand (2013–2019), Christopher Luxon was consistently one of the highest-paid executives in the country, earning millions in annual remuneration packages.
Based on reported figures, his annual pay consistently increased, starting at over $1 million in his first six months and rising to over $4 million in his final years:
Final Year (Approx. 2018–2019): $4.2 million to $4.4 million.
Previous Years: In the 2016 financial year, his remuneration was reported as $4.7 million.
Separation/Long-Term Incentives: Upon leaving in 2019, he was issued performance rights and shares that were noted to be potentially worth an additional $2 million or more.
While a precise, cumulative total for all seven years is not explicitly tallied in the search results, based on the annual figures of $4M+ for several of his years in the role, his total remuneration was in the tens of millions of New Zealand dollars.
*apologies - I could have probably found the answer without ai but avoiding ai on the www is in itself a challenge these days.