TMA9X: Code for "Will this strengthen our political position or weaken it? Will this be a shining moment or a dog dropped in our laps? What initially looked like a righteous action to uphold a community icon, on further investigation is looking more and more like throwing a fortune at consultants to try and save an old, stray, critically injured dog." Woof!
My opinion: Qantas as an entity is starting to realize that there is no light at the end of the tunnel. Can't go forward and can't go back. 15-20 years of ridiculous, self-flagellating, micro-managing C-level decisions and ideologically driven board directives are coming home to roost. The only choice is await a Peruvian-style rescue attempt and hope supplies last.
Should the gummint, in a moment of philanthropic self-delusion, decide to guarantee QF's debt, the stipulations should be exorbitant. A broom through the board and the management for starters. The problem then is how to avoid political appointments to the new positions, so that the organisation can be run like a business (or at least perceived to be) so that the company can be turned around. Gummints are notoriously bad at running businesses. It must be incredibly tempting to leave Qantas suffocate in the tunnel of its own making.
Last edited by Lodown; 26th Feb 2014 at 17:39.