Professor,
I find it ironic that you sermon the merits of competitive crewing whilst our former CEO walked away with 10 million dollars for 5 months work.
This not long after he would have bankrupted the airline in a 90%!!!! leveraged buyout with a now defunct Allco. A lazy balance sheet or stupid and shortsighted management?
It was never a good idea to load an airline with that amount of debt, however 100 million does tend to cloud ones judgement.
The "institutional imperative" is what Warren Buffett named it.
Greed nearly led our execs down the same path of destruction that felled Allco, Babcock and Brown and Lehman Brothers.
Do you then expect long term employees on significantly lower salaries to be lectured to on working conditions from those that nearly destroyed their livelihoods?
Since Dixon's expensive departure the share price has doubled.
Time for an end of outdated overpaid executives if you really want to talk efficiencies.
Perhaps we should have a low cost executive team??? What a novel idea. Be hard for staff not to follow that one.
Will be interesting to see the shareholder revolt at the AGM. Mainline lost money but we pay our execs 10 Million. Price fixing??? Dixon took the bonus but not the responsibility. Hypocrisy.
Think it is time you let the JQ and Qantas pilots do the job they have been doing well for so long. Next time your overseas maintained Jet blows a hole in the side of it I bet you will be thanking the crews that may one day ultimately save your life.
A professor of economics you most definitely are not sir. A great fisherman perhaps.