what the market really thinks
On taxi the other day I was flicking through the weekend Financial Review. (15-16/4)
The feature story was "11 Bosses Who Deliver"
Obviously I was waiting to hear the Public Affairs spin on our own great media groupie - but guess what ? Not a mention!
Under the heading "Missing In Action" journos Hooper & Jury said- and I quote- "QANTAS CHIEF GEOFF DIXON....HEADS A COMPANY THAT HAS BEEN DESTROYING SHAREHOLDER VALUE." (page 28)
Nice one Geoffrey! After a year of cajoling, harrassing , intimidating and putting the fear of God into your workforce - this is what we get from the market experts??!!
Not good enough my friend.
Prior to the next AGM I will be sending the verdict of this article to the Chairman & Non - Executive Directors and INSISTING - INSISTING! - that -BASED UPON THIS ASSESSMENT -NO BONUSES ARE TO BE PAID TO OUR SENIOR EXECUTIVES.
"Destroying Shareholder value" - are you kidding Geoff - after all we've done FOR YOU!
The de -crewing, the off shore bases, base closures, and threar after threat to drive our conditions to third world status - and the best you can offer us in return is to head a ship that destroys shareholder value.
We all have KPIs to achieve - obviously you borghetti & Gregg have failed miserably in attempting to achieve yours.
Mate - the financial tribe has spoken - you & you're senior execs - are the weakest links -its time to go -pack up your things and the visitors will escort you from the building.
Qantas Managements' Achievement for the 2005-6 Financial year? To have antagonised and DISENGAGED a once loyal workforce of 39,000. Great going guys.