On the contrary Bagus .I think the major shareholders are complicit in the dirty little plan.
The largest Qantas shareholder—with 22.72 percent of the company—is J. P. Morgan .The second largest is HSBC with 18.91 percent. Next is National Nominees with an 18.26 percent stake. The fourth largest is Citicorp.
The biggest 20 shareholders control 80.3 percent of total voting shares, and that just the top four, a group of major global financial conglomerates, hold over 70 percent.
Qantas is an example of how the most powerful financial interests exert sway over the economy. Just 240 of the company’s 133,392 shareholders own 82.49 percent of the stock.
Investment funds are also among the largest shareholder of Australia’s four major banks, the Commonwealth Bank, National Australia Bank, Westpac Bank and ANZ Bank, which in turn are large shareholders of the investment funds.
J. P. Morgan is also one of the top four shareholders of BHP-Billiton and Rio Tinto. This web of interconnections guarantees that the executives of QF serve as the direct representatives of finance and carry out their dictates. They move seamlessly between different companies, serving the same essential masters. Leigh Clifford previously CEO of Rio Tinto. The other board members include former executives of the banks, mining conglomerates, industrial companies and global equity funds, as well as retired military chief General Peter Cosgrove, who commanded the neo-colonial Australian intervention into East Timor in 1999.
JPMorgan is more than big enough to absorb the continuing underperformance of QF stock. The bank made $19 billion last year.The QF exercise is merely short term insignificant hiccup tolerated with a view to the bigger picture, the destruction of the national icon and organised labour in Australia .It will be repaid later by the sweat of the shackled classes.
Share price today is $1.445 .They must be salivating in the boardroom and at the Bellevue Hotel . The Veuve Cliquot must surely be on the ice.