Packer Resigns from Qantas Board.

[YesTAM]

The ABC is reporting that James Packer has resigned from the Qantas Board.

http://www.abc.net.au/news/newsitems/200705/s1926907.htm

In my opinion this can only mean one thing.................the Board are going to sack Dixon.

[hoss]

C'mon Geoff, lets face it your not much of a leader maybe you are a great follower.

[W800i]

The recent Qantas takeover attempt by APA has certainly left many unanswered questions for me.
Should managements and boards that recommend a takeover and will retain their positions under the new management or indeed become substantial equity holders in the new business be required to stand aside?. In the above possibility with the failure of the APA bid the current Qantas board and manageent team would have stepped down last December. If a bid is as beneficial to all as stated then nothing concentrates the mind more than when ones pearly jewels are in a vice. We believe $5.45 plus a .15c special dividend is a good deal. We are happy as a board and senior management group to step aside and allow a new interim management team and board to run the business during the takeover could have read the press release last December. Of course if you are a board member or senior management member then if you want nothing to do with the bid then simply stating as much will suffice thus keeping you in place. If the bid succeeds then Iam sure that a new owner most likely would not want anyone in its senior management team on staff whom didnt support the bid and would dismiss them.
So as we sit off and watch the powerful decide these things at the Qantas board meeting perhaps the same point could be made to those within senior management and the board. After all they enthusiastically endorsed the bid but now find themselves beholden to a ownership strucutre that was described by them as essentially defective and old hat. Perhaps it is time for a broom and as well as a new chairman an entire new senior management group.
I dont wish to bash Mr Dixon or his leadership group. I am just as a humble little flea confused as to how he or his management crew can continue after some of the statements they made during the bid???:confused:

[bushy]

Is it permissable for management people to accept large payments for making a takeover happen?
how is that different from bribery?

[freddyKrueger]

how is that different from bribery?Bushy, in polite circles I think they use the term legalised theft.

Along those lines todays AFR had a nice gem:
As a long-time chief executive, "you can build the board you want through a compliant chairman", says a veteran corporate adviser and observer of the Qantas board.Australian Financial Review, page 64, Friday 18th May 2007

[maggotdriver]

how is that different from bribery?
Who said it is different?:eek:

[stubby jumbo]

First it was One-Tel ...now being part of the Qantas Board that endorsed a pathetic takeover.

MATE ...YOU'RE OLD MAN MUST BE PROUD !!:zzz:

[Uncle Festa]

Hmmm I wonder what contribution young James made at QF Board meetings . . . surely he will be missed? :} :}

But wait . . . . perhaps his place can be filled by his fellow Board director at One-Tel - Lachy Murdoch????


:eek: :eek:

[stiffwing]

or maybe ... lock it in eddie?

[Drop and Stop]

No QF services to Macau then I guess.... :}

[Chimbu chuckles]

So who'll be next to desert...Cosgrove?

He seems to be a man with more dignity than to remain tainted by what has gone on longer than is absolutely necesary.

I think there would be a few more champing at the bit for the time frame known as 'seemly' to expire so they can go to pastures new.

[J430]

This might not be what the popular opinion is, but I think you need a Cosgrove, someone with real leadership skills, however they should get down amongst the ranks.

From what I recall Jimmy Bow-Tie was one who would lead from the front, but still walk to the rear of the and be involved.

Not everybody is a Peter Brock fan, but he was the kind of guy that motivated and captivated the good will in people. For a fund raising bike ride, he would not race off and try to be the first over the line (and he was fit enough at 60) instead he would cycle back thru the pack and motivate the slowest kids all the way there. Thats what QF needs at the moment (among many other things like good planning, accounting etc etc ), some leadership, motivation and reward for effort.

Not rocket science.

J

[YesTAM]

In an act of public spirited generosity, I offers meself as the next CEO of Qantas. I'll clean the place up and return things to the way they were....bring back the B707 I say!

[Keg]

J430, personally I don't think Gen Cosgrove 'has it'. Whilst I have the utmost respect for what he achieved in the ADF I'm not sure he has the experience for this particular gig. Besides, if we're after someone with fair dinkum leadership skills who understands the issues that beset QF at the moment then we're really after Angus Houston. He has a much higher focus on looking after 'people' and knows that without the right people the 'mission' is meaningless. Everything goes to support that end.

[Howard Hughes]

C'mon Geoff, lets face it your not much of a leader maybe you are a great follower.
Sadly, while this may be the widely held view of staff, it is certainly not the view of the financial community in general.:hmm:
then we're really after Angus Houston
Couldn't agree more!

Farck, thats twice now this year I've agreed with Keg! Am I sick? ;)

[noip]

YesTAM,

".bring back the B707 I say!"



................ but they did!

:)

N

[Keg]

Farck, thats twice now this year I've agreed with Keg! Am I sick?

You may well be....a lot of QF drivers think I'm deluded anyway! :E :} :ok:

As I said to a psych a few years back after doing a meyers-briggs assessment for a different part of my life, I'm not arrogant, I just know when I'm right! ;) :p :ok:

[Capt Claret]

There's a BIG difference between leadership skills in the military where leaders can order how high one jumps, to civilian leadership. Ex military personnel don't always do well in civilian organisations in this regard. :rolleyes:

[stubby jumbo]

YES -TAM .....you have my vote for CEO after your exemplarary performance over the APA farce.

Bring back the SP's I say!

....nothing like taking off in a SP when empty (going on a military charter ) and the Capatain gives it the FULL BOOT on take off from CNS......love it!

Beautiful:ok::):)