MF,
I'm not sure AJ has taken so long to act, since CEO he has cut management overhead, organised reconfiguration of long haul fleet, rescheduled 787 and 380 deliveries and coped pretty well with GFC and A380 incident.
I think Dixon made errors, investing heavily in long haul fleet at peak of cycle, too few seats on A380s (or perhaps Borghetti's decision?), splitting QF into divisions amongst others. But I can't really point to much that AJ has got wrong. I only get to vote for the board and I have my reservations about a few of them but If I did get a vote on the CEO it would be favourable.