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Old 17th Aug 2011, 00:22
  #393 (permalink)  
fdr
 
Join Date: Jun 2001
Location: 3rd Rock, #29B
Posts: 2,956
Received 861 Likes on 257 Posts
while it may be fun to vent at AJ & Co, at the end of the day, they have both the will and the authority to carry out their "design".

Those affected within the company, or having any affection for the brand have simple choices to proceed with.

1. If AJ's accounting is misleading, then show it. There would be adequate evidence within the organisation to show this if it was the case. If so, produce it to the ACCC.

2. Use the "gift" of the low share price and buy control of the company. The current principle shareholders are hardly impressed with the company performance, and are unlikely to resist. Currently,t hats about 45K each on average to secure your own future, for a majority share, excluding the shares you already own....

3. Depart. Go somewhere else where you may be currently needed. Don't expect much better behaviour by any other management teams though, AJ while being singularly unprepossessing, is characteristic of the malaise within management in this industry.

4. Accept AJ's mumblings as being honest opinions as to the best outcome for QF... . No seriously, there may be truth to that, that the international fleet is a drain, that jetstar can teach SQ, CX, EK how to run businesses... that passengers will be overjoyed to be thrown peanuts (after payment: cash/cheque/visa...) from happily marginalised staff... he may be right. The earth may also be flat. If so, relax and enjoy the ride; the advancing light is the end of the tunnel... honest.

QF needs to change, no question. Management has a duty to tell the truth and not mislead investors and workers.
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