Merged: The G Dixon Thread

[slim]

Reported in the AFR today that Qantas has set aside a further $111 million dollars to pay fines over the cargo price fixing scandal. Add that to the previous $61 million already paid and Dixon's lack of company oversight as CEO has cost Qantas $172 million. How the board can allow him to remain beggars belief. I would love to know how they will justify paying him a bonus this year. The buck stops at the top, no matter who Dixon points the finger at over this scandal. :yuk:

[Tankengine]

Sacking would be automatic if he was gaoled!!:ok:

[UPPERLOBE]

No wonder they can't give the Gingerbeer's 5%.

[Capt Wally]

Imagine if the silver haired stooge & the fat man where around these days with tricky dicky at the controls of QF, God I shudder to think what under handed tricks they would be trying to pull, there is a God afterall by way of letting GD hang himself!
GD thinks he's untouchable, so far that's proved to be correct, but nothing is 4ever!:bored:

CW

[Denny Crane]

Denny Crane

[Chocks Away]

The buck stops with the CEO (so he keeps telling everyone!) and so far as the corruption charges go they have been proven guilty, so "march him off to the slammer" I hear you call :D

[Taildragger67]

I vote a new nickname for him: "Teflon Geoff".

[Keg]

Denny Crane

Lock and Load! :ok:

[captaintunedog777]

Go Geoff making 1 billion dollar profit for the company and prob making a sh1tload more than the fine for the cargo situation.

Who's going t sack him. I certainly won't support it as a QF shareholder.
You clowns should get of the Geoff bashing bandwagon and look at the big picture:=

[Taildragger67]

I'll bite.

and look at the big picture

What, like him who, as a director of the company should have been the guardian of shareholders' interests, instead trying to push a pup of a takeover (in which he was clearly conflicted), which if it had gone through would probably by now have resulted in the company having followed its putative parent (Allco) into a smoking, debt-laden hole?

Yes I know the share price is currently lower than that offered last year but at least there still is a share price.

[neville_nobody]

What I want to know is given the extent of the collusion how did Geoff not know anything about it?

[Capt Wally]

'capt777'...............Go Geoff making 1 billion dollar profit for the company and prob making a sh1tload more than the fine for the cargo situation.....that statement alone sums up teflon geoff (like that 'tail67':ok:) & you perfectly:bored:


CW

[basementjaxx]

Mad cow disease...

:cool:

[A. Le Rhone]

captaintunedog777 (http://www.pprune.org/forums/member.php?u=194578) Maybe you need to remove your rose-coloured glasses. This cargo cover-up fiasco is just the tip of the iceberg when it comes to corporate questionability.

Your hero Dixon very nearly consigned QF to the scrap heap. That Allco deal would have placed such onerous debt obligations on the airline that with the current state Allco finds itself in (ie. virtually dead) combined with the fuel situation, analysts last week suggested QF could not have survived. Then where would your share price be?

Dixon and Jackson would have done nicely out of the deal though.

And to think, they said we were mentally deficient not to accept that deal. What sort of idiots are running that company?

But it gets worse. Immediately after the collapse of the deal, Dixon came out with radical policies (selling the aircraft, setting up subsidiary companies etc) that it was at best either a poorly-planned knee jerk reaction to the collapse or at worst, a plan that was envisaged BEFORE he collapse that they had mysteriously forgotten to mention to shareholders (ie You and Me). Not sure why ASIC aren't persuing that one to the fullest extent.

So, just because QF and most other airlenes have recently been making huge profits, doesn't mean the airline is in good hands.

[The Professor]

ALL big business is involved in corruption of some sort. Most get away with it but the unlucky ones dont.

[Datum]

Dixon was the CEO during the period in which QF was engaged in corporate corruption. Arguably, he may not have been directly responsible. However, he is primarily responsible for the corporate culture that has manifested itself in an unwavering drive for short term profit. Ultimately, this culture and his flawed management style resulted in corrupt behaviour of a number of subordinates. They and QF have been caught out.. This fiasco highlights just one of the numerous reasons why shareholders and the board must replace this CEO.

[blackguard]

Plausible deniability.
Pollies use it all the time

[Millet Fanger]

You guys are being too tough on the Dixon, just look at his record:-

1) Share price lower than when he started.
2) A$171 million in fines for corrupt practices.
3) 37,000 staff disengaged by management practices.
4) Poor choice / mix of aircraft fleet.
5) Unable to execute stated management plans.
6) Stated disdain for customers and staff.

Hold on, you're right!!! Get rid of Dixon!!!

[Green.Dog]

Love your work......

[slim]

And this little gem from todays paper. Barbara Ward, former director of Allco Finance has now been appointed to the Qantas board. Couldn't get her fists full of cash with the takeover bid failing so now her mates put her on the board. Where oh where is the ASIC investigation into the whole takeover affair?? :rolleyes:

[Going Boeing]

Deja, they will have to be reappointed to the board at the next QF shareholder AGM, however, they will have already been given the nod by the major institutional investors so there is no way that mum & dad investors can sway the appointments.

[Going Boeing]

Sorry, those intricacies are beyond my knowledge - maybe Sunfish can let us know? (I can't believe that I just said that).

[neville_nobody]

Looks like Richard Pratt may end up in gaol for what his company has done. How does Dixon not even get investigated??



Pratt faces criminal charges over Visy - ABC News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/stories/2008/06/20/2280366.htm)

[max autobrakes]

This rot goes all the way to the top echelons of government.
That's why Geoff is teflon coated.
New government and look at the newbie who was just appointed, Ms Ward and then look who her previous boss was.:bored:

[Sunfish]

Goeing Boeing:

Need you ask? Change is as regular as night follows day. From the Australian Article on this appointment:

But it is her extensive connections in politics and in the corporate world that will make her a particularly useful addition to the Qantas board, particularly given a Labor government in Canberra. That close web of relationships includes one of her former fellow directors on the Allco board, Sir Rod Eddington, a key business adviser to the Labor Government and head of its infrastructure advisory board.

A certain MS (?) Keating was once a QF Board member unless I'm mistaken.

http://www.theaustralian.news.com.au/story/0,25197,23891720-643,00.html

[EPIRB]

Paul Keating's sister used to be head of United Airlines in Australia.

[Wod]

Today's Australian

Clifford plans a change of guard | The Australian (http://www.theaustralian.news.com.au/story/0,25197,23970535-5013408,00.html)

[oldsmithy]

Dear Mr Dixon,

You have successfully destroyed this once great Airline. You have divide and seggregated this fantastic icon. Off shore maintenance is a real success, what you save $1 and spend $5. I recent times we have had 3 major incidents in the air and the $60 million cargo fine. That is my favourite. Somebody else took the fall for that. However, at the end of the day you are the CEO.Please leave and in monopoly terms go direct to jail do not collect $200 or in your case your sizeable retirement payout. Geoff Dixon you are the Weakest Link GOOOOODBYYYYE...................................

[Dragun]

Geoff Dixon You Must GO

Isn't he doing exactly that in a couple of months?

[captaintunedog777]

3 major incidents. You are an idiot Oldsmithy. U have no basis. You have jumped on the GD bashing bandwagon. I thought this site was for proffessional pilots not die hard wannabes.

[blow.n.gasket]

or pilots who can spell for that matter!:ok:

[MACH082]

I wonder if there was an agenda behind the sale of QF. I mean if it were sold to Allco and now they are struggling, what are all those 787 and perhaps in the future A380 slots worth? very unlike GD to place such a large order isnt it? especially in the lead up to the announced takover :D

GD could sleep easy at night if QF rolled over, after all the Aussie taxpayer would bail it out as a matter of pride to keep the roo flying. The red tail is almost as iconic to Australia as football (AFL :D) and meat pies!

[oldsmithy]

I love CEO's that destroy successful companies leave and still take their payout. What a joke. Dicko you do a disgraceful job leave and are you getting/taking any cash. The answer should be no. The truth will be some what different.:=:=:=