intangibles on a balance sheet
The "Wonder from Wagga Wagga" is starting to look & sound a little worried.
Did anyone show the seppos & McMaggots the Hewitt Survey results before they put in their bid?
Unlike "Goodwill" - "Staff Morale " does not appear on a company's balance sheet. However, with a company like Qantas -its one of its greatest assets.
The smartest man in the room (Geoff) reckons morale is a laughable joke -however his years of treating his staff (and the media) with withering contempt are now coming home to roost
The Equity group may not be happy when it finds out too late THAT GEOFF HAS ALREADY STRIPPED THE COMPANY OF ONE OF ITS GREATEST ASSETS -STAFF GOODWILL
The Hewitt was one of the most profound summations of what Qantas is today. the Bankers are now about to reap the economic costs of this almost criminal neglect by Qantas Senior Management.
The Equity Group kept geoff on cause they thought he was doing a good job managing and inspiring his staff.
The Hewitt report concluded -"the Emperor from Wagga Has No Clothes On."