how Australian business works
"Ex Qantas chairman Gary Pemberton was today asked about his spectacular success with the Billabong surfwear company.
"Look, James Strong and I initiated the business strategy of ripping the guts out of a once great Australian company. Our philosophy was basically - sell off the farm ,the family silver and all the employees. Taking costs out of the business rather than growing it was our philosophy.
This unimaginative business philosophy still holds true today. Australian senior mannagement are too stupid to generate profits so we generate our bonuses from cannabilising past successes. These days, senior manangement would much prefer to sit around drinking red wine and humming Peter Allen tunes.
Under the present Qantas management team , the plan is still to remove all 39,000 employee jobs offshore.
Now that ultimately translates into 39,000 UNEMPLOYED AUSTRALIANS. And what do you do when you're unemployed in this great country?? YOU GO TO THE BEACH!!
To do that you need good quality swimwear.
Enter Billabong . A win / win for the shrewd businessman!"
Another example of great Australian business practices at work......