Originally Posted by
Jack D. Ripper
I think Ansett and Virgin MK1 proved the reverse approach doesn’t work either.
the 3 need to be in balance. Joyce thought he could screw staff and customers forever, whilst lining his and shareholders pockets.
he was wrong
It is a myth that he lined shareholders' pockets. Qantas has performed terribly compared with the general market and has barely paid any dividends in a decade. AJ and his cronies enriched themselves to the cost of both staff and general shareholders.