PPRuNe Forums - View Single Post - Merged: Qantas:The Trashing Of A Brand
View Single Post
Old 16th Jun 2008, 06:05
  #68 (permalink)  
Sunfish
 
Join Date: Aug 2004
Location: moon
Posts: 3,564
Received 90 Likes on 33 Posts
From Flug's link:

"Wall Street is in the business of making money between now and next Tuesday," he said. "We're in the business of building an organization, an institution that we hope will be here 50 years from now. And paying good wages and keeping your people working with you is very good business."
It was almost belted into me in my first job that the job of management is to maximise the long term value of the company.

Any idiot can maximise short term value by screwing over their staff and running down their assets (for example doing the minimum legal maintenance).

........Unfortunately it appears that that is exactly what QF's management appear to be doing - short term profits at the expense of long term value.
Sunfish is offline