Mr Singleton said there was a leadership black hole at the airline after the company enjoyed years of strong executive and board leadership from Gary Pemberton, James Strong, Margaret Jackson and Mr Dixon.
Two out of four is just a pass.
Remember Margaret Jackson's statement to shareholders during the failed bid. She reckoned any shareholder not accepting the offer needs a psychiatrist.
And..... Dixon's stated primary aim was to increase shareholder returns. Customers and employees were not part of that.
Good business practice ALWAYS looks after the customers and employees because profits and returns will automatically follow (assuming the business model is sound).