I was in attendance at the AGM yesterday, and it was a disgusting display of arrogance and beligerance on the part of the board. Especially when the remuneration of AJ was passed, to see him look up at the shareholders, sit back in his chair and smirk at everyone. Also stating that they (the board) will not be told how to run "their" business. It is not their business at all. Richard Branson can say Virgin is his Business, because it is. Bill gates can say Microsoft is his buisness because it is. This pack of parasites are milking a company for all it's worth to build their own business, offshore, otherwise known as Jetstar Asia.
It was a foregone conclusion that the resolutions were passed in favour of the board, and whether there is continued industrial action or not, "we will have no choice but to shrink the airline bit by bit." This has been going on since the days of Geoff Dixon and since May 2004 when the birth of Jetstar was the beginning of the death of QANTAS.
AJ went on to say that if they go ahead with the Pan Asia move, not one Australian job will be lost. He's correct. it will be 'tousands' of jobs.
Dick Smith was also surprising in the Daily Tele today. "If QANTAS International doesn't get globalised wages it will go out of business". There is a flaw in this theory. if Australia doesn't get globalised prices for the cost of living, Australia will be out of business. We simply cannot compare our wages with Asia, as we cannot compare our cost of living with Asia. Corporations are quite happy to employ cheap labour overseas, whilst putting thousands of Australians out of work. Here's the kicker. How will these same businesses be able to stay in Australia when there is no one to buy their products?
It is unfortunate to think this, but QF days look numbered and may be laying next to Ansett. if this happens, the board may have to take residence overseas for their own protection. The alleged death threats may become a reality. For the record, I am not making the threat. just an observation.