In no particular order, please consider the following clarifications to the above posts:
· Any employee backed shareholding strategy doesn’t need to acquire 100% of QAN to change the strategy management are presently pursuing, but preventing the set up of ‘Fantasia’ and halting the demise of Qantas International would need to be accepted as central to any new business plan,
· Employee shareholders would not assume responsibility for the role of management and running QF. That said, employee shareholders with a substantial holding can probably get appointed Director Representatives who could then partner with other aligned Directors to develop alternative strategy and policy. I.e. it would still fall to Management and the Unions to agree enterprise changes acceptable to both the ‘New Owners’ and the Workforce,
· A quick look at other takeover bids suggests that the prevailing share price jumps by around 50% when a bid is formally announced,
· Not only does it work for South West, more importantly, it would facilitate an overarching strategy with the potential to unite, Government, Shareholders & Staff. Without it, agree with the sentiment that a no win outcome is all but certain for all involved.
Doesn’t really matter if such an initiative is commenced by enlighten management, troubled shareholders or concerned staff, as ultimately all will need to support it if Qantas is to be turned around and a new course charted.