He just never, ever answers the accusations. It's amazing to watch
Sure! It's now clear why he is there, he's a great salesman/cover for a board with
little airline experience.
By the way, the amazing gain in the share price after the 2.8 billion loss announcement AJ was so proud of has already more than halved,
....
What?
He says we lost $600m because of overcapacity
when questions on the fact that HE created the overcapacity he says
It is required to maintain "competitiveness" the network (not sure
how that relates to capacity) the frequency, yeah well derr!
and apparently these factors are "key" to profitability?
What?
is he talking about NEGATIVE profitability?
Well said,
that's the message I get as well, but the institutional investors still remain quiet as does ASIC. It appears they are all in on something the rest of the market don't have a clue about, sadly an emerging pattern for Corporate Australia these days.
Qantas chairman Leigh Clifford told a business lunch late last month that “the days of directors sitting on five boards could be over”, while former Telstra chief Ziggy Switkowski, who now sits on four listed company boards, says the Centro decision has confused some directors. “I sit on a few boards and know a lot of people who sit on other boards, and I can tell you we have all read the Centro decision,” he said. “People are still trying to figure out where is the demarcation between being a board member and being a member of the executive team.”
Surprises in most powerful directors
Of course in the true James Strong tradition, Hrdlicka is now also a member of the Woolworths board.
http://www.smh.com.au/business/jetst...722-zvqqb.html
It appears the board at Qantas are more interested in running its FF program
Qantas teams up with Woolworths on frequent flyer points rather than running the traditional airline. Seems to be a lot of people good at bean counting and not too many with long term airline management experience..
Board of Directors | Qantas
for example, Mr Rayner is Chairman of Treasury Wine Estates Limited... look how they have been travelling.
Mr Hounsell is Chairman of PanAust Limited and Investec Global Aircraft Fund, and is a Director of DuluxGroup Limited, Spotless Group Holdings Limited, Treasury Wine Estates Limited and Ingeus Limited.
Treasury Wines profit savaged by new strategy
Treasury Wine CEO steps down after Board review | Australian Food News
Hard to believe these guys have the time to provide good service to the Qantas business considering all the other fires they need to attend to...
I don't have the time to go through all of it, but it's my view the board has too many people who appear to be more interested in looking after themselves rather than fully understanding the core business at Qantas leaving the day to day running of the business to the sales persons, AJ, JH & Co.
Under these circumstances, I feel sorry for you all..
.