Who hired Wyman?
This competent fellow:
"...Richard Forson was at the top of his game. As SAA chief financial officer, he worked tirelessly to organise financing for the airline's acquisition of 41 Airbus aircraft in a US$3,5bn deal.
To guard against currency fluctuation, SAA took out a 10-year hedge against the rand at a fixed rate of R10,80 when the rand was trading at around R13.
He thought this hedge was adequate. Far from it: the rand rallied against the dollar in 2003 and peaked at around R6, wiping R6bn off SAA's balance sheet. Overnight, the airline became technically insolvent. Forson and then SAA CEO Andre Viljoen were blamed for the financial mess. While the finger-pointing was going on, Forson packed his bags and headed for Qatar Airways, which offered him a lucrative package and the chief financial officer job."
(from Financial Mail 24.11.2006)
Disgusting to see these guys at work!
Last edited by final06; 6th Oct 2012 at 06:33.