James Packer joins Qantas board
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James Packer joins Qantas board
AAP
March 1, 2004 - 12:30PM
Qantas Airways Ltd has appointed James Packer as a non-executive director of its board.
Qantas chairman Margaret Jackson said Mr Packer would fill a casual vacancy on the Qantas Board and take up the position effective from Monday.
"I am delighted that James is joining the Qantas Board and I am confident that his experience across a range of industries - both in Australia and overseas - will further strengthen the diversity of corporate skill, age and geography that is offered by the other Board members," Ms Jackson said.
Mr Packer was appointed executive chairman of Publishing and Broadcasting Ltd (PBL) in May 1998, having served as PBL chief executive from March 1996 until May 1998.
He is also joint chief executive of Consolidated Press Holdings Ltd, chairman of Challenger Financial Services Group and a director of various companies including Foxtel, Hoyts Cinemas Ltd and ninemsn.
©2003 AAP
=======================================
March 1, 2004 - 12:30PM
Qantas Airways Ltd has appointed James Packer as a non-executive director of its board.
Qantas chairman Margaret Jackson said Mr Packer would fill a casual vacancy on the Qantas Board and take up the position effective from Monday.
"I am delighted that James is joining the Qantas Board and I am confident that his experience across a range of industries - both in Australia and overseas - will further strengthen the diversity of corporate skill, age and geography that is offered by the other Board members," Ms Jackson said.
Mr Packer was appointed executive chairman of Publishing and Broadcasting Ltd (PBL) in May 1998, having served as PBL chief executive from March 1996 until May 1998.
He is also joint chief executive of Consolidated Press Holdings Ltd, chairman of Challenger Financial Services Group and a director of various companies including Foxtel, Hoyts Cinemas Ltd and ninemsn.
©2003 AAP
=======================================
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Ah yes, so once again a newspaper/media baron can show us all the way an airline should be run.
And here's me thinking that the One-Tel fiasco (Jamie and young Murdoch's brainchild) wasnt that long ago.
My widowed grandmother that managed to raise and educate 8 kids on a pension could do better I believe.
As a famous industrialist said many years ago, its always the third generation that loses the family fortune!
And here's me thinking that the One-Tel fiasco (Jamie and young Murdoch's brainchild) wasnt that long ago.
My widowed grandmother that managed to raise and educate 8 kids on a pension could do better I believe.
As a famous industrialist said many years ago, its always the third generation that loses the family fortune!
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Just what the big Q needs a first rate L. Would be kind of funny if it wasn't so sad. See how the young boy goes losing somebody else's money....Get young Lachlan in there and make it a free for all
Seriously Q, is the world so short of capable people that he is the "least worst" choice? Then again you don't need any ability if you have Daddy's backing...
wonder if the share price headed southwards?
Seriously Q, is the world so short of capable people that he is the "least worst" choice? Then again you don't need any ability if you have Daddy's backing...
wonder if the share price headed southwards?
Should allow the Board to put a thorough media spin - through several outlets - on any upcoming Industrial action by either pilots or any other union following the J* launch and any subsequent "negotiations".
Let's hope he does better than the non-executive director he's replacing - who's in court today I think??
Let's hope he does better than the non-executive director he's replacing - who's in court today I think??
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The appointment of young James to the Board . . . .
Doesn't it make you want to rush out and buy QF shares . . . . ?
To quote Margaret Jackson "his experience across a range of industries - both in Australia and overseas - will further strengthen the diversity of corporate skill, age and geography that is offered by the other Board members".
My questions to Margaret are as follows:
1. How will James strengthen the diversity of corporate skill?
2 Why is "diversity of age" a plus for QF?
3 What is meant by the "diversity of geography"?
4. How do the above translate to improving shareholder value?
One-tel is hardly a shining light on young James' CV.
Doesn't it make you want to rush out and buy QF shares . . . . ?
To quote Margaret Jackson "his experience across a range of industries - both in Australia and overseas - will further strengthen the diversity of corporate skill, age and geography that is offered by the other Board members".
My questions to Margaret are as follows:
1. How will James strengthen the diversity of corporate skill?
2 Why is "diversity of age" a plus for QF?
3 What is meant by the "diversity of geography"?
4. How do the above translate to improving shareholder value?
One-tel is hardly a shining light on young James' CV.
1. He could raise his hand at the board meeting and say "I tried that, and %$%^ed up"
2. When you're young, you're allowed to @#$% up, dad will fix it.
3. He lives in Bondi, a lot of backpackers visit Bondi.
4. Kerry will step in and fix the @#$% up!
2. When you're young, you're allowed to @#$% up, dad will fix it.
3. He lives in Bondi, a lot of backpackers visit Bondi.
4. Kerry will step in and fix the @#$% up!
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Tues "Sydney Morning Herald"
Cheap flights for James after parachuting into Qantas seat
By Wendy Frew
March 2, 2004
Qantas yesterday picked up the heir to Australia's largest media fortune.
James Packer, son of Kerry Packer and the executive chairman of Australia's leading television network, biggest casino and the most profitable magazine group, has accepted a seat on the board of the flying kangaroo.
The appointment comes on the same day a former Qantas board member and one-time Packer executive, Trevor Kennedy, appeared in the Federal Court in an attempt to block access to information on his role in a Swiss banking controversy.
The 36-year-old Mr Packer - one of the youngest appointments to the airline's board - brings with him a raft of media, advertising and political connections, and his experience in the family-controlled company, Publishing & Broadcasting, where he has worked since 1988.
Qantas is one of the biggest advertisers on PBL's Nine Network and in its many magazines.
Mr Packer undoubtedly also knows something about dealing with corporate crises.
He was on the board of One.Tel when the mobile phone company collapsed in May 2001, taking $375 million of PBL's money with it.
Mr Packer stands to earn directors' fees in excess of $80,000 a year from Qantas and travel discounts on the airline. In return, he is required to attend at least eight formal board meetings a year.
============================================
Cheap flights for James after parachuting into Qantas seat
By Wendy Frew
March 2, 2004
Qantas yesterday picked up the heir to Australia's largest media fortune.
James Packer, son of Kerry Packer and the executive chairman of Australia's leading television network, biggest casino and the most profitable magazine group, has accepted a seat on the board of the flying kangaroo.
The appointment comes on the same day a former Qantas board member and one-time Packer executive, Trevor Kennedy, appeared in the Federal Court in an attempt to block access to information on his role in a Swiss banking controversy.
The 36-year-old Mr Packer - one of the youngest appointments to the airline's board - brings with him a raft of media, advertising and political connections, and his experience in the family-controlled company, Publishing & Broadcasting, where he has worked since 1988.
Qantas is one of the biggest advertisers on PBL's Nine Network and in its many magazines.
Mr Packer undoubtedly also knows something about dealing with corporate crises.
He was on the board of One.Tel when the mobile phone company collapsed in May 2001, taking $375 million of PBL's money with it.
Mr Packer stands to earn directors' fees in excess of $80,000 a year from Qantas and travel discounts on the airline. In return, he is required to attend at least eight formal board meetings a year.
============================================
Evertonian
Mr Packer stands to earn directors' fees in excess of $80,000 a year from Qantas and travel discounts on the airline. In return, he is required to attend at least eight formal board meetings a year.
Where did I go wrong?
Moderate, Modest & Mild.
Buster, "Where did I go wrong?" 
"The 36-year-old Mr Packer...brings with him a raft of media, advertising and political connections"
For which he'll be paid "$80,000 a year from Qantas and travel discounts on the airline."
Royalties I guess you could call them!
Amazing what Mates can do for Mates, isn't it!
Now the rest of you QANTAS employees will need to shape up, and work harder for less - or face retrenchment.
"The 36-year-old Mr Packer...brings with him a raft of media, advertising and political connections"
For which he'll be paid "$80,000 a year from Qantas and travel discounts on the airline."
Royalties I guess you could call them!
Amazing what Mates can do for Mates, isn't it!
Now the rest of you QANTAS employees will need to shape up, and work harder for less - or face retrenchment.
A plus?
From QF's point of view it will avoid negative media in half of the country's media outlets, probably more if the current gov't relaxes x-media ownership laws.
We all remember the days when QF was the target for negative media coverage!
There's something in it for QF!
CS
We all remember the days when QF was the target for negative media coverage!
There's something in it for QF!
CS
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J.P. is on the Sydney City Roosters board and did not show for one of their 12 meetings last year!!! I believe Qantas had 8 last year. Question, Is there a minimum amount of meetings that a board member must attend to hold their position??? Even if they are an independent non-executive???
My old man always said, "Money talks, Bullsh@t walks"
My old man always said, "Money talks, Bullsh@t walks"
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Let me suggest another angle.
Certain VIP's on the Qantas Board are extremely ambitious. By ingratiating themselves with Australia's richest and most powerful man they are placing themselves in a very strong position in achieving lofty goals.
Just a shame IMHO, JP has very little to contribute to the airline, mind you, what has any non executive director contribited?
Certain VIP's on the Qantas Board are extremely ambitious. By ingratiating themselves with Australia's richest and most powerful man they are placing themselves in a very strong position in achieving lofty goals.
Just a shame IMHO, JP has very little to contribute to the airline, mind you, what has any non executive director contribited?