Originally Posted by
Falling Leaf
For as long as HNA are prepared to launder their cash through VA...
JB is spruiking his brilliance as the cash position has gone up and the debt has gone down while the losses pile up. It sure is a magic pudding! Maybe he should work for the Federal Government, would solve our debt and deficit position while increasing spending!
But the debt has only gone down because they've paid it off with additional cash injections... how did this guy ever get where he is without balancing a cheque book or being able to add two and two... do they really think we're that dumb that we don't realise just by reading the reports in the news that extra cash has been piled in repeatedly.
There needs to be someone do a case study for a PhD in how a person comes into a company, spends billions it doesn't have creating lounges and cabins that it can't afford - and lounges that are cold and uninviting mind you - and run up losses for seven years and continually qualify for a bonus. Many said this bloke wasn't much chop at QF and just was in the right place at the right time to get promoted and maybe they're right... the last 7 years has proven beyond doubt why he didn't get the top job at QF.
I don't know what it is, must be something to do with the Dunning-Kreuger effect.