Originally Posted by
Paragraph377
Why would he? His payday came the day the place was floated. He took his share, eventually sold it keeping around 10% equity as a ‘token measure’ and a way to con people into believing it was a good investment becuase Richard still had a stake in the company. All smoke and mirrors. Richard made $960m from the float. He couldn’t give a flying fu#k if the other 10% fell over. For an initial investment of around $8m out of pocket, he did very very well. The Master salesman creating hype and promising to make things fair and bring down ticket prices. Well, he did bring down ticket prices but it wasn’t because he gave a **** about the AN/QF duopoly, it was about himself. But the loyalists followed his every goofy prank, every crazy idea or silly challenge to other companies and they believed his mantra about ‘staff first, company second, profits third’. What an absolute load of bollocks. People might detest Alan Joyce, but at least you can see the parasite you are dealing with, not quite the same with the swinger from Necker Island. There are so many twists in the Virgin Blue story that so many never got to see.
Virgin Atlantic is on the ropes and "Bernie" Branson is asking UK Govt for a bailout...