PPRuNe Forums - View Single Post - Future of Qantas in jeopardy: Joyce (Merged)
Old 14th Jun 2011, 04:49
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The Word - The Business End - The Colbert Report - 6/9/11 - Video Clip | Comedy Central

Even though this isn't Qantas as such, its very relevant, especially the person this is the subject of.

Bain & Company is an entirely separate company from Bain Capital, a private equity firm founded in 1984 by former Bain & Company Partners that included Mitt Romney
Fast forward to about 55 seconds in that video and its about leveraged buyouts, massive profits for the companies (bain and co) and companies going bankrupt as soon as they're sold off..

Essentially what the APA bid was all about.

Some other interesting easily accessible facts;

Clifford, is a senior advisor to Kohlberg Kravis Roberts & Co.
KKR & Co. L.P. (formerly known as Kohlberg Kravis Roberts & Co.) (NYSE: KKR) is a global private equity firm, specializing in leveraged buyouts, based in New York, New York. The firm sponsors and manages private equity investment funds.
Jayne Hrdlicka - Group Executive Strategy and Technology, has just joined from Bain and Co.
1970s Bain & Company was established in 1973 by seven former partners from the Boston Consulting Group headed by Bill Bain.
Where appropriate, we work with clients to make it happen - which may mean fundamentally changing the company.
Barbara Ward - Independent Non Executive Director, member of Allco (APA)... and is on the Advisory Board of LEK Consulting.
L.E.K. Consulting is an international strategy consulting firm, with headquarters in London.
Started in 1983 by three partners from Bain & Company, James Lawrence, Iain Evans and Richard Koch, L.E.K. has since grown to over 850 consultants and 20 offices worldwide.
Gary Hounsell - Independent Non Executive Director... He is Chairman of Investec Global Aircraft Fund, a Director of Ingeus Limited and a Board Member of law firm Freehills
Key private equity transactions announced in 2006 in which Freehills has played a lead advisory role include the Airline Partners of Australia consortium’s bid for Qantas
I'm sure theres many more interesting connections.

I'm actually very interested in what the term 'independent director' means.
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