Originally Posted by
MelbourneFlyer
Well Scurrah reportedly landed a very good payout after being booted by Bain, contingent on him making a quiet and graceful exit, and apparently he's on a full year of gardening leave instead of six months, so by all accounts he's pretty set and in no rush to return, at least not to an airline. But I suspect that if he did return to Rex as MD or CEO then part of his plan would be to develop the airline to the point where it gets bought by Bain either in full or as an equity plat to become the new Virgin Regional, given that Virgin can't rely on Alliance with Qantas sandboxing ALliance's E190s and eager to increase its own 20% stage in Alliance to maybe full ownership. So maybe Scurrah would be okay to slum it on $200k if he was given an equity stake in Rex so that in the even of a Bain buyout he walks away with a lot more.
I hope he enjoys his gardening and he removes all of the weeds, unlike his efforts at VA. He is a soft man. ‘Scuz’ has proven he is incapable of being a quality CEO of a volatile publicly listed company. He is better off back in the railways where the toot toot trains have a monopoly and losing money is practically impossible. His abilities lack strength and he is a light and fluffy CEO who lacks mongrel. Carla on the other hand has energy and a decent of cajones and won’t be intimidate by groups of ‘internal Specialists’ or the big talking/BS sprouting Unions.