non -state Actor, true. The buck really does stop with the directors. They have to deal with whatever comes up. A public fight over Borghetti would have stuffed the company share price anyway. Fights like that are very rare because of the damage they do. That is why you need to be extremely careful of what you are getting into when you are offered a Board seat and be ready to vote with your feet if you don’t like what’s going on. Only one guy from the ANZ had the brains to see where this was heading and the balls to leave.
EB and the rest are wishing they never heard of the airline because there are few excuses for what happened in my opinion. Borghetti should never have been a Director.
My Board beat the crap out of me on a number of occasions in the process of educating me about what my job was and how it’s different from their job. Pity no one taught EB the same lesson.