What a laughable comment from the Board. The narcissists are definitely in charge of the asylum. There is always somebody ‘better’ out there. Alan and his executive team are part of an interchangeable C-suite collective, and there is plenty of people within that group to pick and choose from. People like Joyce and Gissing have been there way too long and a fresh perspective is long overdue. Joyce continuously recycles Gerry Turner throughout the Qantas group. Again, the Qantas group would function nicely without Turner. There are better choices out there. It’s a club for mates, not a club for true executive talent.
As for the belief that Joyce is some kind of CEO messiah, his latest move to stem the flow of blood is to sell half a billion dollars worth of SYD property that QF have owned since the 60’s. Wow, what a strategist. That decision makes him the best of the best? Hardly. Any half-brained C-suite numpty could have come up with that manoeuvre. It’s going to be an interesting looking Qantas by the time the leprechaun bails in 18 months.