Aeromedic, my point exactly.
If the aim is to remove the CEO, then the Chairman and most of the board need to go first. The Chairman and his band of muppets will only go if the fund managers and major shareholders make it happen. So the real problem is the fund managers who are obviously happy with proceedings.
They have all made themselves untouchable, their wagons have closed the circle - and the staff can fend for themselves. Is this what the corporate law makers intended?
Back during the APA raid, didn't one of the fund managers stand up and call it for what it was?, what happened to him?
Meanwhile Qantas management, on behalf of the owners, decide to sponsor an Australian tour by the cast of an American sitcom - only cost $3m according to the press. I bet they get their money back on this one - not. (maybe $3m less of redundancy would have been nicer)