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GD appointed to board of PBL

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Old 3rd Jun 2006, 06:01
  #21 (permalink)  
 
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Hot Dog...

My point exactly! The benevolent leader Mr Dixon, and others 'upstairs', have repeatedly and disingenuously represented the pilots and other employees contributing to the remarkable profitability of his organisation as 'tall poppies' deserving of being cut down. My view is that he continues to blunt his own scythe with such tactics.

I also thought CEOs obligations were a full time job, and are very different to just sitting on a couple of boards. So how can a CEO possibly have the time, if the job is so busy and onerous (that's why the money's so good isn't it?) to take on two extra directorships? Now that is like working two jobs! If he can do it all well, fine. But the argument cannot continue to be used as a plank in active or selective disinformation against employees.

Leadership, truth, honesty and transparency; these things will get 'the team' on side. I wait.

ps thanks Elroy & Borg. Likewise, no offence intended toward HotDog; accurate points made.

Last edited by Jetsbest; 3rd Jun 2006 at 06:19.
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Old 3rd Jun 2006, 06:13
  #22 (permalink)  
The Reverend
 
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I say again, I have no axe to grind but a lot of CEOs are invited to serve on several boards and that is a fact. Even some popular ones have more than one directorship.
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Old 4th Jun 2006, 01:43
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Qantas is truly at the crossroads. GD has been spreading the gloom story for years and rightly so. The company does not generate sufficent profits to meet the cost of capital. He has one option and one option only. He has to reduce the costs within the company. The Sustainable Future program was, and remains, all smoke and mirrors. Real sustained costs have not been extracted from the company. A properly audited review of the program would expose double dipping and uncompleted tasks. Unless the shareholders, financial analysts and the media start to ask serious questions the incompetent and questionable shareholder reporting and finanacial practices will continue, and this will impact the employment of over 30,000 Australians!

It is normal for senior executives to hold extenal board appointment. However, responsible CEO's put their company first in times of distress. This GD's fatal flaw.

Could it be that James has been reappointed to the Board to hold GD's hand. Geoff is a great goodtimes leader, he is great and convincing the Government that Pacific competition should be stiffled.

He may have curtailed the external competition, but DJ International and the Hong Kong financed International low cost carrier being put together in Sydney at the moment will operate very competitively against QF and JQI. And they will seriously erode the yield base putting significant pressure on QF in the coming months.

GD is not the man for the future!

The next CEO is not within the QF senior ranks. Don't be surprised if James Strong moves to Chairman within six months and someone who James is closely associated with move into QCA9. The CFO will also depart within the year.

That folks is the game plan and Egon Zinder are at work.
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Old 4th Jun 2006, 05:12
  #24 (permalink)  
 
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I assume you mean "Egon Zehnder".

Google it.

Lets hope Qantas survives darth's tenure.
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Old 4th Jun 2006, 10:04
  #25 (permalink)  
 
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Directors Yes, CEO's very definately no. Board appointments are supposed to reflect the interests of shareholders. I fail to understand why Mr. Packers directorship is in the interests of QF shareholders. Mr. Strong's appointment is more easily understandable.
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Old 4th Jun 2006, 10:48
  #26 (permalink)  
 
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correction B A Lert

Gd resigned from the leighton board.
Lagrange comments "The Sustainable Future program was, and remains, all smoke and mirrors. Real sustained costs have not been extracted from the company". i can only say you havent been employed with QF in recent times. talk about cost cutting? every division can write a novel about it. some are more effective then others.
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Old 8th Jun 2006, 05:59
  #27 (permalink)  
 
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AIPA you must demand the resignation of the Chief Executive.

He is ruining our company

Unite with the other unions

Saving the company from the incompetent executives on EXCO must be your priority

Save our jobs
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