No doubt executive bonuses are still safe?
Cookies must be enabled. | The Australian
Typical excuses - carbon tax, restructuring, economic uncertainty, fuel in USD, new software, everybody else's fault except the CEO and Co, yeah yeah same old story we know........
Perhaps investing in Tiger was a bad choice?
Perhaps indulging in Skywest because JB had mining royalty stars in his eyes was a bad idea? He struck while the iron was cold on this one. They moved far to late as the mi ing sector was declining at the time they bought in. That's a bad business decision John, the gamble didn't pay off.
Perhaps the ludicrous amount of mid level managers and 'specialists' for the past decade is taking its toll? If you want to compete with JQ on that front John you need to remove the layers of people who don't get their hands dirty.
I'm sick of hearing the excuses from Australian airlines for their poor performances, poor investor returns, pathetic share prices and lack of dividends for investors while at the same time the senior people reap millions in salaries and bonuses. When will everybody else wake up to this farcicle con job.
If these executives can't factor in oil prices, economic uncertainties, an outbreak of the clap and whatever else can cause profit declines then bugger off out of the industry. The excuses are lame, palpable and very very repititious. In fact the words bull**** and incompetence comes to mind.
P.S John, how many millions are you still paying that nupty Branson so as to use his his silly brand name??? What a crock.