Originally Posted by
Popgun
It's quite interesting that JB is still managing to hang in there despite the financially dire position that he has presided over for such a significant time now.
Given that he has not gone already, I guess he is unlikely to jump any time soon. Will it come down to being pushed by the Board? Or are they just 'giving him more time'? Will the deep-pocketed foreign benefactors continue to finance the buckets of haemorrhaging red ink?
Nobody that cares about aviation in Australia wants to see Virgin fold. I truly hope there is an answer very soon.
PG
Maybe the Board is operating on the principle that if you assemble enough monkeys and enough typewriters, eventually one of them will come up with something legible... i.e. if we leave him there for long enough then by the law of averages the market will get to the point where throwing money out the window would still result in a profit so they can then say "Look, see, he did get us back to profit" then push him out.