From gobbledock
'Shareholders, where is your gravy train? You keep voting to give the Execs huge payrises, bonuses and other treats and all they do is take take take with no giving back? Where is YOUR huge silver lining, where are your dividends, where is your share price currently sitting? If the Execs you are trusting can't pull it together in three years what do you think the next three years hold for your precious investments? If the Execs can't control the workforce how can they control your invested funds?'
Unfortunately I think this has been pitched to shareholders as 'us' (management) or 'them' (unions). Shareholders would have huge concern over share price and lack of dividends, but they probably have doubts as to the proposed way forward if the current management was dismissed. Not to mention a natural anti-union bias.
When it all boils down, there is a lack of experienced aviation industry candidates to come onto the board and give it an immediate, if appropriate change of direction. Although Ralph Norris would make a good new CEO.... He probably wouldn't want to go near the airline industry again, though!