Wasathangi, you are right about the majors having an LCC attached to them, astute observation indeed! But look again at your beloved QANTAS version of that model and you may find that QANTAS is becoming an LCC with a once great major attached.
Members of the board do swan around looking towards (early) retirement and their next bonus. They care not about the company they feast on, nor the people who make their little world go around.
I just wish the worst thing that could happen to me if I have a bad day at work is to have my assets frozen.