neville_nobody
12th Sep 2007, 01:16
Looks like the smh are having a field day with the Qantas annual report.
http://www.smh.com.au/news/cbd/farmer-wins-chair-in-gas-mine/2007/09/11/1189276720122.html?page=2
Deals galore
The Qantas annual report is proving to be a page turner.Take the section on related party disclosures. While Garry Hounsell divides his time between boards including Orica, Nufarm and Qantas, he likes to get back to Toolangi Vineyards down in the Yarra Valley as often as he can. But when he's travelling up the pointy end of a Qantas plane, as is a director's wont, it's good to know he can enjoy a drop or two of his own produce.Turns out Qantas bought $106,000 worth of Toolangi Vineyards wine last year "for use on Qantas International Business Class services".Elsewhere around the roo-hide board table, if ever a man felt a tear well in the eye when our national rugby team runs on the field, it's General Peter Cosgrove.After all, they're not just the Wallabies, they're the Qantas Wallabies. And guess who's a director of both? Qantas and the ARU have a nice cosy relationship, including a $3.2 million contra deal. Then there's now-retired director James Packer, whose PBL spent $15 million on Qantas airfares last year while Qantas bought $4 million in advertising from PBL. And not to mention Patricia Cross, whose other half, Paul Meadows, is a partner at Allens Arthur Robinson. Qantas threw $5 million their way last year. All at arm's length, of course.
http://www.smh.com.au/news/cbd/farmer-wins-chair-in-gas-mine/2007/09/11/1189276720122.html?page=2
Deals galore
The Qantas annual report is proving to be a page turner.Take the section on related party disclosures. While Garry Hounsell divides his time between boards including Orica, Nufarm and Qantas, he likes to get back to Toolangi Vineyards down in the Yarra Valley as often as he can. But when he's travelling up the pointy end of a Qantas plane, as is a director's wont, it's good to know he can enjoy a drop or two of his own produce.Turns out Qantas bought $106,000 worth of Toolangi Vineyards wine last year "for use on Qantas International Business Class services".Elsewhere around the roo-hide board table, if ever a man felt a tear well in the eye when our national rugby team runs on the field, it's General Peter Cosgrove.After all, they're not just the Wallabies, they're the Qantas Wallabies. And guess who's a director of both? Qantas and the ARU have a nice cosy relationship, including a $3.2 million contra deal. Then there's now-retired director James Packer, whose PBL spent $15 million on Qantas airfares last year while Qantas bought $4 million in advertising from PBL. And not to mention Patricia Cross, whose other half, Paul Meadows, is a partner at Allens Arthur Robinson. Qantas threw $5 million their way last year. All at arm's length, of course.