PPRuNe Forums - View Single Post - Record earnings cap a turbulent year for Qantas
Old 17th Aug 2007, 04:07
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QFinsider
 
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You know the smartest guts in the room...No not Macquarie bank, Enron!!

The disgusting behaviour resulted in a piece of new legislation that has guys like Dixon worried...

The Sarbane-Oxley Act....

It is intended to disclose acconting practices that are less than honest and protect investors...
In a nutshell it relates to the presentation and availability of financial information.


"Jetstar make $112million"

Not quite sonny it takes a little more to start an airline from scratch and until very recently all information pertaining to transfer costs are conveniently hidden, it is merely an IR exercise, designed to convince people they NEED to be paid less.....
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