Kaptin M, the problem with your synopsis is that Geoff Dixon has been vigorously targeting middle management in his restructure. He has numerous times identified the bureaucracy at QF as being the biggest impediment to change. You know, those "water lilies" you are always on about?
Geoff Dixon is not there to work for his employees, nor is Brett Godfrey or any other CEO is Australia. They work for the board and by extension the shareholders. Brett Godfrey's employers are obviously very happy with him. Geoff Dixon's employers are also clearly very happy with him.
You can't just base your arguments on ideology. Reality has a habit of dismissing dogma.