PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 8th Oct 2009, 12:15
  #686 (permalink)  
my oleo is extended
 
Join Date: Sep 2009
Location: Holland
Age: 60
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Roller Coaster Of Folly

Good point HAT.The thread did go quiet after the share price rose.
Unfortunately,a quiet thread doesnt change the fact that VB is in 'deep do do'. Bleeding money at a rate that equals Ansett in its final year.

But hey,SRB is doing fine,still has a minor hand in the VB farce.Why not, he has collectively pulled in over $960 million since the share launch.As for BG, he was told 6 months ago to 'move on' ! He made the announcement a few weeks back oficially that he would be around for a year,I dont think so, he has since been told Dec 31 and its 'bye bye`s' for him.They need him gone before his ego sends the place to a deeper resting place than the Titanic. The board has been talking to several key people to take up the mantle, most arent interested because they have secret consultancy arrangements with QF ! Its better than 'The Bold And The Beautiful' !! Even a Mr DH is too incompetent to set up the international arm without the use of Consultants at over 10k per week, he too is in The Boards crosshairs.

All the loyalists out there who think BG is God need a wake up call.He is simply another buffoon who although losing a chunk of his wealth (and deservedly so) will retire soon into oblivion with great stashes of the green stuff, while the blinded faithful eventually wake up to the game they were played in.
Every time there is a suasage sizzle, party, and worn out gimmick announced it is simply a clever deception and ploy to keep attention away from the truth about the companies condition, and 'keep the troups happy and blissfully unaware'.

QF are seriously slicing and dicing,JQ and Tiger are run extremely lean, yet VB continues to hang on to incompetent Senior Managers and the plethora of 'wanna be Managers' in every department. VB has built the place full of unnecessary and illogical management positions, and in the process is sending itself broke. New World Carrier offering an 'in between service' ! What a crock,Senior Management are diluded and taking the Titanic down very fast. After 10 years it is time to cut loose the deadwood that has floated on top of the VB septic tank for too long, before its to late.

SRB told BG 10 year ago he would make a 'millionaires club' out of 6 start up Managers. Most have cut and run,now its BG`s turn. BH ( H.R ) took in over $13 million,BG around $180 million, the former bankrupt RS ( CFO) around $90 million, and the list goes on. Many Seniors who still work there have notoriously screwed up finances, payroll mistakes, fuel hedging, aircraft purcahsing/warranties and that list also is endless, however if your name is on BG`s favourites list or you went to school with him, then your job is safe. Incompetence will get you promoted !

Aagh yes,its not about the money is it, its about helping the Australian public who were held to ransome by the terrible duo of Qantas and Ansett ?? Yeah right. Just like VB`s true values, you can dry up that sad story and spread it over the garden...
my oleo is extended is offline