Job building.
Jobs for the boys.
Industrial fat.
Blackmail
Have to agree with you there Prof, I am assuming you are talking about management.
Just look at the expenses that were incured with the previous segmentation strategy, multiple managements, administrative staff, inefficiencies due to lack of scale.
How many millions were flushed down the toilet with that now abandoned strategy?
The last publicly disclosed figure was there were approx 920 executives working for the Qantas Group.
In relation to the year ended 30 June 2004, Shares will be offered to approximately 920 Qantas
executives because Qantas achieved certain “balanced scorecard” targets set by the Board in
2003.
Source
2004 AGM Notice
Managment numbers only expanded from there with the segmentation strategy.