Where is Leigh Clifford?
The day the Qantas credit rating was reduced to junk status in Dec, the AFR reported that Chairman Leigh was out enjoying a few rounds at Royal Melbourne.
Qantas today announced the biggest financial loss and restructure in its' history with massive politically sensitive staff cuts. Where is Chairman Leigh today?
Chairman Leigh earned about $700k in fees and benefits in FY13. What exactly has he been doing for this remuneration? Why has he not sacked Alan Joyce, based on Joyce's failed performance? Why has Chairman Leigh not stood down?
In December QBE Chair Belinda Hutchinson, fell on her sword ahead of a big profit downgrade and potential shareholder backlash. Why is Qantas so different? Why is the board not accountable?
Clearly Alan Joyce does not have the intestinal fortitude to admit his errors and resign. The focus of this train wreck should therefore be squarely placed on one Leigh Clifford and it should be shouted from the rooftops!