Unfortunately this will have a negative impact on financial performance and pushes CX further in the red.
Maybe the CX employees should think outside the box.
- Every CX employee should get a trading account and use their 13 month payment (captains as they see fit) to put a buy order at the stock exchange for CX shares.
- Buy as many CX shares as possible. Organize all these shares under 1 proxy.
- Contact Quatar and Air China, explain the management situation in detail.
- Have an extraordinary shareholders meeting.
- Convince as many private shareholders how dire the management situation is
- Vote to replace the board of directors.Hopefully 50% +1 will vote in favour.
- Instruct the new board of directors to replace the entire CX management team with outside talent.
This is the only way I see any positive change happen. As an extra bonus shares will appreciate when the new management team turns CX around.