Originally Posted by
Progress Wanchai
Unfortunately I think the truth is more dire than some would like to believe. Hoping these muppets have the competence to pull off a major conspiracy and fraud is simply wishful thinking. The fact is they are muppets who had no more idea of where the price of fuel was heading than you or I. They gambled big simply because they can with no chance of personal loss but a 50 percent chance of personal gain in massive, unprecedented bonuses. There's nothing in the books worth hiding other than a 23 billion dollar embarrassment that the whole world knows and laughs about.
They aren't master criminals. They are incompetent.
But hey, if you can sleep easier thinking these people are brilliant then don't let me stop you.
I'm with Progress Wanchai. What's with the crazy who's-on-the-other-side-of-the-fuel-hedge conspiracy?
Occam's razor anyone?? Management at this airline are plain incompetent. They can't even run make money with a monopoly in Hong Kong, yet alone come up with some devious ingenious scheme to steal billions from their employees.