PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 20th Apr 2020, 11:01
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Paragraph377
 
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Originally Posted by 2020Balance
Borgetti took upwards of 42 million out in his 8 year tenure. You know all the staff uniforms “Dina Corp made in China” are actually made in the back streets of Nandi Fiji. Company searches in Fiji show Mrs Borgetti as the Director. Scurrah can go back to playing with a train set or get in the job seeker line with the rest of us. Ahhhh then there’s Stewie
Aagh that old Chestnut. Like in the early days when Godfrey announced he was the lowest paid CEO of almost any airline and he revealed his salary! Yet he didn’t tell people that he and Sherrard owned/part owned an offshore leasing company which leased aircraft to VB at a top rate. Plus he too had hands in the pie of the uniform supplier, then the GSE/PPU supplier! These CEO’s all have theirs (and their families) snouts in the trough. I know of another ‘airline CEO’ who has links to a plethora of Consultancies owned by family interests that provide, strategic, financial, audit and safety ‘services’ to the airline all at a premium price. And then there are the tenders and contracts!!!! The only ‘value adding’ is to the families own personal wealth. Meanwhile the minions and muppets who get their hands dirty are none the wiser and have the audacity to take offence at their Exexutives being criticised. Blind fools.




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