TIMA9X
Thanks for the vid.
I woudn't hang him on the strength of that interview.
He is doing what a Chairman should do. Standing back and watching the big picture and casting around the business world at large for feedback.
Maybe a chat With the CEO every cuppla weeks worked in the mining business, where it takes that long between mine and furnace but the aviation world works in real time.
I'm surprised that he and maybe Joist
, were surprised at the size of the loss but it is possible that it was, a surprise to Clifford at least. Maybe not that there would be a loss, but the size of it.
It wouldn't be he first time a CEO has ambushed a Board with this sort of result hoping to the end it would all work out at the end.
So what can the Board do without further frightening the horses = share price and more importantly further demoralizing the staff.
Changing horses on the run is more likely to result in an even bigger train smash.
OR
Keep Joist in the traces and force him to fix his frck ups under riding instructions from the Board who represent the owners.
There is of course only 2 possible results.
He finally gets it and fixes it, by harnessing the huge depth of goodwill the staff and market have towards the QF brand.
Or the Board eventually
falls into the hands of Singo and his mates, which may not be such a bad thing.
Virgin and QF need each other to keep the market stimulated. There are plenty of really smart people in Virgin who could step into Borghetti's shoes.
One wonders how much and on what terms it would take Singo and his mates to get Borghetti to head up QF.
Just sayin.