Slosar resigns - Bloomberg

[CISTRS]

Cathay Pacific Airways Ltd. (https://www.bloomberg.com/quote/293:HK) Chairman John Slosar resigned, weeks after the troubled carrier’s chief executive officer stepped down as the airline faced scrutiny from Beijing.

Slosar, 63, is retiring and will be replaced by Patrick Healy, 53, Cathay said Wednesday in a filing. Healy joined Cathay’s parent Swire Group in 1988, the airline said.

Rupert Hogg stepped down (https://www.bloomberg.com/news/articles/2019-08-16/cathay-pacific-board-accepts-ceo-hogg-s-resignation-cctv) as Cathay’s CEO in August after the airline’s employees’ participation in the anti-Beijing protests in Hong Kong drew the ire of the Chinese government.

[mr did]

So we now have an entire transplanted HAECO management group. the same lot who reduced conditions and standards for engineers to the point where aircraft mechanics could leave and get jobs as car mechanics in Mong Kok to get a 100% pay rise.

Thats the thing with CX, you don't think it could possibly get any worse, and then it does.

[oriental flyer]

Absolutely no sympathy, perhaps now he will get an inkling of how the crew feel getting shafted . I have no doubt that he will be-richly rewarded by Cathay

[mngmt mole]

The man is a narcissist and a fool. No better evidenced than him giving up his birthright (US citizenship) in exchange for a HK passport. Well JS, now you see the futility of your craven desire to appeal to the mainland chinese. You have now been unceremoniously turfed, and made to realise in no uncertain terms that you are not wanted, neither by your homeland, or the Chinese. You can enjoy being outcasts from both sides of the ocean. I once had the displeasure to hear you speak to the aircrew in the conference room at HelloKittyCity. After 45 min, I was left in no doubt that there was something seriously wrong with you, both as a person and executive. Sadly, you are too typical of all that the Swires have created in their incestuous and inbred empire. It is now seeing its denouement at the peak of incompetence and irrelevance. Hopefully you will only be one of many. Swire Pacific will fall, and your craven aggrandizing will be only a small part in its downfall. Good riddance.

[Paul852]

The announcement that CX made to the HK Stock Exchange says:

Mr. John Robert SLOSAR has confirmed that he is not aware of any matter relating to
his resignation that needs to be brought to the attention of the shareholders of the
Company. He has also confirmed that his resignation is due to his retirement and that
he is not aware of any disagreement with the Board of the Company.
Given that Mr Slosar is recently on record in the SCMP thus:
In one of Slosar’s last public acts, he told journalists he ‘“wouldn’t dream of telling” the airline’s staff “what to think about something” after being pressed to rein in staff support for Hong Kong’s anti-government protests.
We must assume therefore that the remaining members of the board think likewise (otherwise CX has lied to the HKEX which would be a pretty major thing).

This doesn't bode well for the remaining members of the board.

[Apple Tree Yard]

Hope it was all worth it JS. What must it be like visiting the USA and having to stand in the "visitors" line, and then treated like a common foreigner when you try to return to your one-time home and birth place? Really says something about you. And not something good. There is a saying: "knows the price of everything, and the value of nothing". Kind of sums up nearly every Swire prince i've ever met.

[dabz]

isn't JS the nob who said they cannot allow their pilots to gain wealth or they'll leave when we try to make them work more? fcuk him..

[mngmt mole]

He said a lot of offensive and condemnatory statements. Much like many of the Swire princes. They have evolved within an antiseptic bubble, and are clueless as to the concerns and aspirations of their staff. In the case of JS, he evolved his own delusional reality to such a state that he actually rejected his own birthplace, and now finds himself and his family in a place that affords him no shelter. The USA no longer recongises him, and HK no longer wants him. I have no sympathy for such a shallow individual. No amount of money would make me wish to be in that place. He is a man without any anchor. He deserves his fate.

[8driver]

Another sacrifice on the altar of Beijing. How many are required?

[Air Profit]

As many as it takes until Beijing has full and permanent control of the airline. So far, all going according to plan by the looks of it.

[VR-HFX]

The man is a narcissist and a fool. No better evidenced than him giving up his birthright (US citizenship) in exchange for a HK passport. Well JS, now you see the futility of your craven desire to appeal to the mainland chinese. You have now been unceremoniously turfed, and made to realise in no uncertain terms that you are not wanted, neither by your homeland, or the Chinese. You can enjoy being outcasts from both sides of the ocean. I once had the displeasure to hear you speak to the aircrew in the conference room at HelloKittyCity. After 45 min, I was left in no doubt that there was something seriously wrong with you, both as a person and executive. Sadly, you are too typical of all that the Swires have created in their incestuous and inbred empire. It is now seeing its denouement at the peak of incompetence and irrelevance. Hopefully you will only be one of many. Swire Pacific will fall, and your craven aggrandizing will be only a small part in its downfall. Good riddance.
What that man said...except in bold capitals. Guess Thailand will be his final refuge.

[Arfur Dent]

He will take with him an enormous pension so be sure he neither needs nor wants our sympathy. Swire decided long ago to shaft the many and look after just a few right at the top of the tree. For whatever reason, Slosar was one. I met him in Thailand a few times and he was an unremarkable fellow not blessed with either superior brains or even any kind of charisma. Mystery how he got where he did but good riddance and an unhappy retirement is all I can be bothered to wish him. Plague on your house mate - for what it's worth.

[BlunderBus]

Farewell drinks in the company phone booth?

[Flex88]

The announcement that CX made to the HK Stock Exchange says:
Quote:
"Mr. John Robert SLOSAR has confirmed that he is not aware of any matter relating to
his resignation that needs to be brought to the attention of the shareholders of the
Company."

Would not the PRC (Beijing) overtly interfering in the operation of a Private Hong Kong company which is "listed" on the Hong Kong Stock Exchange be an interesting nugget of information that would rate "relative" in that gee, I think the shareholders of CX might be interested in this information ???

I do believe every other Board of Directors or CEO/COO in Hong Kong was paying attention to what Beijing was doing !!!!