The New Private Equity
Continuing with the Conspiracy,
A few years ago, GD thought he had the way to make himself and his friends incredibly rich - private equity. Well, it came undone and he had to settle for just a few tens of millions.
Now we have LC, AJ and a few others on the same idea, how to make a squillion? The answer is 1. The unions, 2. the Gov't, 3. The Qantas Sales Act. They have two ticks in the box - industrial unrest and the Gov't. No. 3 will follow as the first two fall into place just as they planned.
THIS DISPUTE IS ALL ABOUT RECINDING THE QANTAS SALES ACT.
Qiud pro Quo. The Gov't "solves" the immediate dispute, the game plan falls into place for QF (executives).
Theses guys are smart, very very smart. But moreover they are greedy, very very very greedy. The Gov't response is gullible, gullible, gullible.
A little bit of collateral damage is worth it, there are going to be unprecedented amounts of money made by select indiviuals from this. The unions are snookered, the Gov't implicit.
I hate to say it, but to end this excessive greed, we need to end Qantas. Let it fold and be reborn.