It still perplexes me why QF shareholders never really bother holding QF executives to account for all of this. I guess money just talks, while you're making profit.
Yes, that is perplexing, especially as none of the major shareholders appear to have Board representation:
1. J P Morgan Nominees Australia 534,766,228 shares 23.61%
2. HSBC Custody Nominees (Australia) Limited 452,305,144 shares 19.97%
3. National Nominees Limited 376,628,160 shares 16.63%
4. Citicorp Nominees Pty Limited 225,458,109 shares 9.95%
5. ANZ Nominees Limited 65,690,854 shares 2.90%
6. Cogent Nominees Pty Limited 64,525,437 shares 2.85%
7. AMP Life Limited 33,248,291 shares 1.47%
8. Australian Reward Investment Alliance 21,516,040 shares 0.95%
9. Bond Street Custodians Limited 15,095,659 shares 0.67%
10. Queensland Investment Corporation 12,973,006 shares 0.57%
No dividends for two years and their investment is probably now worth less than they paid for it? Surprising they are not demanding a return on their investment or a change in the decision makers?
The
Qantas Annual Report makes interesting bed time reading.....
