What’s the scam with the Qantas board letting CEO Alan Joyce dump $17m worth of his own Qantas shares into the share buy-back?

The scam is buy-backs. They simply prop up the share price using shareholders’ own money, not to mention, in the case of Qantas, the public’s bail-out money. And this buy-back is already in the red so Qantas shareholders have helped Alan get out for a higher price. Meantime, not one new aircraft was bought under the Joyce regime, so the fleet ran down, customer service ran down and now Alan’s successor faces a massive capex bill to fix things.

If they had nationalised Qantas when the Pandemic hit, the government would be floating it again for $12bn now.

Source: Alan Joyce selling his own Qantas shares into the buy-back, que? – Michael West