Market Capitalisation
2007 31Dec QAN $5.46 Mkt Cap: $10.343 billion
2008 27Jun QAN $3.01 Mkt Cap: $5.702 billion
Q: How do you make the challenge of high oil prices more difficult?
A: Put the Doc Martens on and take to the skilled labour that maintains your fleet.
GD .... you are overpaid.
Most critical decisions have been answered by outside influences eg Ansett collapse.
You have made two critical decisions in the last 12mths.
1. An Equity takeover offer.....In hindsight, would have been great for shareholders but bad for workers and the company as we wouldn't be here if the public had let you get away with your swindle.
2. Defying the cost of your labour in Australia after an economic boom and two years of records profit, while giving your senior management exorbitant percentage pay rise at the same time denying the people who contributed most to the profit pittance in percentage terms.
One word describes your decisions..........G O O S E !