There was a certain airline, across the pond that four years ago was almost dead in the water....Air NZ. Fortunately for them their CEO turned the thing over to the staff...They have ordered 787 and 777, whilst we at Qf continue to evaluate...
Dixon is nothing but another Dunlap..Don't forget though that he is merely the public face of a board. That board includes the pure genius of the Dame Margaret who presided over a huge loss whilst a Director of Southcorp wines. I'm not defending him, but Gregg is too an accountant who is given to COUNT.
Accountants, no matter what their advertising suggests do not understand much beyond figures. As a discipline it it necessary, but to allow them to run an airline will only provide more of the same, not matter what the party us staff have at the departure of GD, who incidently will recieve a lovely golden parachute. The understand nothing unless to it you can attach a number.. The synergies developed by happy driven employees isn't reflected (can't be) reflected on a balance sheet, so to an accountant is has little value. Yet this is the buzz about which the thread talks.
If Gregg gets it, he will drive costs further down, he will look at the results of the decisions, that is how the accountant thinks. They ADVISE on business, they don';t RUN them..
The share price linked to incentive bonuses is a recipe for disaster, we as a company lack an objective. Some of the morons i fly with say that it is impossible to have one, the industry is too unstable...They may well be right, but even Air NZ set a course and utilised a REAL ASSET to move the organisation toward it..It called synergy, but ask an accountant to quantify and they can't..so therefore it doesn't matter!!
