Why has the collective and vocal opposition to this deal not got together and put a coherent bid in place to overtly remove the deal makers?
More so in my opinion(you know what they say about those), as evident by the shareholder actual votes relating to remuneration packages etc, its the big superannuation and investment fund managers who hold the proxy voting rights are looking after their own.
What goes around comes around in the 'big end' of town, just look at the make up of the boards in this country and you see the same circle of matey mates sitting in on public companies raking in the big dollars to attend perhaps a dozen meetings a year and 'set a direction' and act as the corporate conscience.
Whilst almost every Australian with a superannuation account owns a small slice of Qantas unknowingly, they don't own the ability to dictate a vote.
In the cold harsh commercial reality of aviation, QF is a basket case of fractured unions, inefficient practices and is being pulled in different directions by different factions
Which is the case due to complicit Qantas IR through the years. Qantas IR sets the tone for negotiations. I've never seen any negotiation which hasn't been met with delay, ambit claim, underhandedness and just general disrepsect in all senses from the IR department. They may say its 'robust' negotiations but at the end of the day, morale is driven from the top down.. They may have had a far more compliant workforce in terms of 'driving change' if they hadn't tried to stab their staff in the back with a dodgy EBA at every turn.