Qantas Staff - Important

[str]

In the next couple of days Qantas staff who are shareholders will receive a notice from the company indicating that the Annual General Meeting will be held in Brisbane on 21 October 2004.



Attached to the notice will be a proxy and voting form for the various resolutions that the Qantas Board wants shareholders to vote on. There will also be a copy of the Qantas Annual Report included with the notice.

The ASU will shortly be issuing our recommendations to members and other shareholders on how to vote on the resolutions that shareholders must consider.

Of particular interest to ASU members are the resolutions dealing with:

The increase in directors fees by 66%
The election of directors
The share allocations to senior executives


What should you do?


Make sure you keep your proxy and voting form so that you can vote on the key issues. DO NOT THROW THE MATERIALS OUT. You can have an influence over these issues and as a shareholder you have every right to. Watch out for the ASU recommendations in the near future on how to vote on these crucial issues effecting Qantas.

[Pimp Daddy]

Umm......

The employees are the shareholders, they decide, if the ASU wants to influence the vote, then they should get their chequebook out and buy some shares.

I'll be voting in favour as I get paid well with good conditions (compared to the majority of workers) so I'd rather reward the management for doing a good job (both as an employee and as a shareholder)

[Bill Smith]

The problem is that the employees are not the majority share holders. So when the vote is counted the majority players win!
The board will get thier rise regardless :-(

[air-hag]

What about the shareholders who AREN'T employees? Are they employees??? :confused:

:rolleyes:

Give them a payrise. They're doing a good job and deserve a reward. Don't be so stingey.



:zzz:

[str]

A good job, are you kidding? Anyone could have led the company into making record profit over the past few year. The current mis-managers did not have anything to do with it.

Its disgraceful that employees took a pay freeze and accepted less crew one board aircraft when the mis-managers are lining their own pockets.

66% rise, they need to get their snouts out of the trough.

Screw The Roo

[invertedlandings]

Gotta agree with STR on this...good management- what crap.
Anyone who wants a resume on our management should have a lod at nthe complete and total incompency that has marked the introduction of the A330's. Giving themselves 50% bonus as a result of record profits (as AN went undre) whilst enforcing a freeze for the rest of the compnay smacked of greed and arrogance. Now 66%!! Anyway, what the ASU or any other union thinks doesn't really matter because all the coporate shareholder who own REAL percentages of the company will vote yes anyway.....