Originally Posted by
troppo
Rated De.
Indeed,NZ has done well (however the new government is going to make a dent in that with wider policies). Also not far away FJ is doing well, in fact should be contributing to QF's results as they are a major shareholder.
Role of the CEO and MD
AJ does not act in isolation.
To think he is solely responsible would be naive.
Whilst unionisation has had success and failure in Australian industrial relations, as a Kiwi that endured nz rail holding the country to ransom every school holidays, are unions pro or anti business?
What is the role of a union in a global (aviation) market and publicly listed company?
For the dislikers, AJs bag of tricks is nearly empty. Everything is a cycle. The terms of the current Board will expire. AJ will move on. But when that happens where to next for QF?
If a 'corporate raider' snapped up a majority of shares 6 years ago what do you think they would have done to QF to drive a return on investment?
a corporate raider would have sold off every division they could make money out of and trousered the lot. Step 2 is to load the company up to its eyeballs in debt, float the company back onto the exchange selling the shares at hugely inflated shares and trousering the the rest after maybe a year or so in private hands.
When the proverbial hit the fan they'd be long gone (sop for foreign restructures).... Indamiddle