PPRuNe Forums - View Single Post - Top 2 cheeses resign from CX
View Single Post
Old 10th Jul 2021, 16:17
  #20 (permalink)  
Flex88
 
Join Date: Nov 2015
Location: HK-CRoC
Posts: 749
Likes: 0
Received 0 Likes on 0 Posts
Risk Manager

SOPS

In most corporations "Risk Managers" oversee all operations to "mitigate" or minimalize any risk, operational or financial..
At CX though, with a history over the last 15/20 years of losing many many MILLIONS of US $$ on fines for price fixing on every continent in the world AND losing 5-6 BILLION US $$$ on failed fuel hedging (gambling) bets, Cathay has managed, as they always do, to "reimagine" that job for some schmuck Swire Prince in need of an office door to hang his/her shingle who has ZERO qualifications or previous experience that would qualify them for the task... Google "Cathay Pacific fined" or "Cathay Pacific fuel hedging loses" and it'l keep you busy reading for a week..
Flex88 is offline