Geoff Dixon's Gift
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I don't reckon you'd be losing too much sleep over having a significant proportion of your total remuneration package being at risk, when your guaranteed base salary was in the order of $250,000 to $400,000 per annum.
Join Date: Feb 2005
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GD's largesse has come largely from not only his hard work but the hard work of all QF employees.
If the world was a fair place then those employees would also get some small percentage of that Macquarie Bank generated largesse.
People outside QF might think that GD is a marvelous businessman/CEO and now Australia's leading philanthroper.
To QF staff, he has managed to do this by eroding their working conditions/remuneration and cutting short most employees career paths and aspirations.
Don't expect many QF employees to think kindly of GD and what he does with his millions.( Personally I think he should build a massive palace in Wagga and fill it with Playbunnies , Hugh Hefner style. Invite all his big business director/politicians mates for a shindig every now and then and enjoy the fruits of his labour).
If the world was a fair place then those employees would also get some small percentage of that Macquarie Bank generated largesse.
People outside QF might think that GD is a marvelous businessman/CEO and now Australia's leading philanthroper.
To QF staff, he has managed to do this by eroding their working conditions/remuneration and cutting short most employees career paths and aspirations.
Don't expect many QF employees to think kindly of GD and what he does with his millions.( Personally I think he should build a massive palace in Wagga and fill it with Playbunnies , Hugh Hefner style. Invite all his big business director/politicians mates for a shindig every now and then and enjoy the fruits of his labour).
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I think its a great thing that GD will set up a trust for the sake of his wifes illness. Lets not be cynical about the tax benefits he will enjoy from the carve up of Qantas and the 100 million+ that the executives will pocket.Hows his mistress and baby going?
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Lowerlobe....Why bother !!
It is obvious BALert is a self opinionated nobody, shuffling papers around in a dead-end job. So why even bother where or what he does.
As regards GD.... well he is already a multi millionaire and cannot spend what he already has extracted from Qantas. The gesture of a charity trust fund for his blood money is an ego inspired personal cry for help from an unhappy, frustrated, and sad character riddled with health problems. His personal life is a sad reflection of the man and no amount of wealth will change that. Yes, his Trust Fund is a wonderful thing, no doubt, but still does not change my opinion of him or will it endear him to the workers of Qantas who have made all this possible with wage restraint and loss of jobs and opportunity.
As regards GD.... well he is already a multi millionaire and cannot spend what he already has extracted from Qantas. The gesture of a charity trust fund for his blood money is an ego inspired personal cry for help from an unhappy, frustrated, and sad character riddled with health problems. His personal life is a sad reflection of the man and no amount of wealth will change that. Yes, his Trust Fund is a wonderful thing, no doubt, but still does not change my opinion of him or will it endear him to the workers of Qantas who have made all this possible with wage restraint and loss of jobs and opportunity.
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Dixon:Show Pony
A true philanthropist would have done this quietly..without the fanfare.
Not Dixon.
His personality type craves the attention and kudos.
He is nothing more than a flawed dysfunctional piece of corporate flotsam.
Bad Kharma will eventually catch up with him.
Not Dixon.
His personality type craves the attention and kudos.
He is nothing more than a flawed dysfunctional piece of corporate flotsam.
Bad Kharma will eventually catch up with him.
Just a point that needs to be made.
one post on page 1 referred to being "raped by Geoff"
Whilst I can understand the sentiment and the emotion that comes with industrial negotiations, don't EVER confuse the rough and tumble of those industrial negotiations with the wilful and violent violation of a person which is rape.
You can resign and get another job, a rape victim lives with that violation for the rest of their lives and in many cases it totally stuffs them emotionally and mentally - long after the physical scars have healed.
one post on page 1 referred to being "raped by Geoff"
Whilst I can understand the sentiment and the emotion that comes with industrial negotiations, don't EVER confuse the rough and tumble of those industrial negotiations with the wilful and violent violation of a person which is rape.
You can resign and get another job, a rape victim lives with that violation for the rest of their lives and in many cases it totally stuffs them emotionally and mentally - long after the physical scars have healed.
Join Date: Aug 2005
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Indead. So how can he possibly be refered to as Australia's greatest philanthropist? Kerry Packer was known to have been very philanthropic, and I think he had a little more money than GD.
Grandpa Aerotart
Doesn't anyone else find the whole deal of the 1% somewhat...dishonest.
GD and his management team were payed very, very well to do their jobs...then they were offered 10s of millions of dollars by the take over consortium...surely that would have to sail very close to bribery and corruption?
I know for sure that if someone offered me $40 million to facilitate something similar my advice to 'stakeholders' might become a little skewed.
What have GD and his team done to 'earn' the money?
GD and his management team were payed very, very well to do their jobs...then they were offered 10s of millions of dollars by the take over consortium...surely that would have to sail very close to bribery and corruption?
I know for sure that if someone offered me $40 million to facilitate something similar my advice to 'stakeholders' might become a little skewed.
What have GD and his team done to 'earn' the money?
What a sad, miserable, bitter and twisted lot are most of the posters to this thread.
Why so bitter? You are being paid vastly more than the average Australian airline pilot for doing a job you love. It's christmas time - think for a moment just how fortunate you really are.
Years ago, the Qantas management realised that large savings would have to be made in order for the company to remain competitive. GD and the rest of management have been doing their job and making those savings. The valuation of Qantas made by APA is evidence of just how well the management has been doing its job.
This is an incredible statement - but not at all unusual for the bitter and twisted Qantas pilots that inhabit these forums.
The money he will be donating will, in effect, be coming from his remuneration. His pay, in other words.
blueloo, I will rework your statement and direct it back at you:
How do you sleep at night when part of your ample pay comes from the savings that were made when all those engineers were laid off?
Why so bitter? You are being paid vastly more than the average Australian airline pilot for doing a job you love. It's christmas time - think for a moment just how fortunate you really are.
Years ago, the Qantas management realised that large savings would have to be made in order for the company to remain competitive. GD and the rest of management have been doing their job and making those savings. The valuation of Qantas made by APA is evidence of just how well the management has been doing its job.
Its very generous of Geoff to donate money he has recieved by whittling away others wages.
The money he will be donating will, in effect, be coming from his remuneration. His pay, in other words.
blueloo, I will rework your statement and direct it back at you:
How do you sleep at night when part of your ample pay comes from the savings that were made when all those engineers were laid off?
Oh dear, Geoff is back.
Join Date: May 2005
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wrong aircraft
his current pay packet including incentives stay. his special incentive will be based on the performance (the details are secret )and when the repackaged Jetas (new name for Jetstar /qantas)will be refloated on the who knows where stockmarket.
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One would have to admit it certainly was a wonderful ploy to reward the shareholders -Many of whom ironically are Qantas employees - but where did all that extra share value come from in just a few weeks? Or was it just that Qantas shares were just sooooo undervalued at $3.30 and all Geoff (and Margaret of course) did was make us all realise that?
Join Date: Dec 2006
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More Questions...
A couple of questions here that other ppruners may help answer...
Could it be that GD expects Qantas to achieve an 'annual return' less than 15%? His donation could therefore be zero. The kudos therefore greatly outweighs the income he has forgone.
What does the term 'annual return' refer to? A $5.30 share returning divideneds of 21c (2006 dividend) needs to appreciate by 11% to yield a 15% 'annual return' to the shareholder. That means a share value around $10 in 'five years'.
... but there are a million other possible defenitions for the term.
Any financiers care to enlighten me?
the value of this LTIP will depend on how Qantas performs. If Qantas achieves a 15% annual return for five years it will be worth around $30 million, and at a 25% annual return it will be worth around $60 million.
What does the term 'annual return' refer to? A $5.30 share returning divideneds of 21c (2006 dividend) needs to appreciate by 11% to yield a 15% 'annual return' to the shareholder. That means a share value around $10 in 'five years'.
... but there are a million other possible defenitions for the term.
Any financiers care to enlighten me?
Registered User **
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Hey aircraft aren't you the guy who professed to be a know it all about aviation and QF in general and you did not even know about Jet Star Asia.
You did not know that it even existed and that it was as successful as the charge if the light brigade.
I suggest that you read a little and work a lot more before you have a shot at people who do know substantially more than you.
Giving money to charity is a wonderfull thing but not when your using other peoples money.Magicians use this trick a lot and it is called a slight of hand.It's purpose is to take the average punters eye off what is really happening.
aircraft..stick to what you know ,if there is anything you know that is.........
You did not know that it even existed and that it was as successful as the charge if the light brigade.
I suggest that you read a little and work a lot more before you have a shot at people who do know substantially more than you.
Giving money to charity is a wonderfull thing but not when your using other peoples money.Magicians use this trick a lot and it is called a slight of hand.It's purpose is to take the average punters eye off what is really happening.
aircraft..stick to what you know ,if there is anything you know that is.........
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A couple of questions here that other ppruners may help answer...
Could it be that GD expects Qantas to achieve an 'annual return' less than 15%? His donation could therefore be zero. The kudos therefore greatly outweighs the income he has forgone.
What does the term 'annual return' refer to? A $5.30 share returning divideneds of 21c (2006 dividend) needs to appreciate by 11% to yield a 15% 'annual return' to the shareholder. That means a share value around $10 in 'five years'.
... but there are a million other possible defenitions for the term.
Any financiers care to enlighten me?
Could it be that GD expects Qantas to achieve an 'annual return' less than 15%? His donation could therefore be zero. The kudos therefore greatly outweighs the income he has forgone.
What does the term 'annual return' refer to? A $5.30 share returning divideneds of 21c (2006 dividend) needs to appreciate by 11% to yield a 15% 'annual return' to the shareholder. That means a share value around $10 in 'five years'.
... but there are a million other possible defenitions for the term.
Any financiers care to enlighten me?
Share valuations tend to be determined by market expectations of future potential as well as actual historic returns. So, growing the value of the company's annual profits more quickly than hitherto - or coming up with a plan that suggests a way of doing so - can lead to a revaluation of the shares.
In the case of Qantas, the effect of the private equity takeover is likely to lead to increased gearing. In other words, the new owners will put in some cash as equity but borrow a load more as debt. The effect of that, IF they can persuade all the assets to generate a greater return than the cost of the debt, should be to increase the dividends and thus the return on their equity. Which means that there will be pressure on all assets to perform [cost] effectively - aircraft, staff, senior captains. Plus, they will want to be able to demonstrate in 5 years time, that the company is worth more because many of the current costs have been stripped out of it and future owners can continue to expect rising profits - in other words, it's worth a higher multiple of the current dividend.
And whilst GD may have expectations of less than 15% pa RoE, I doubt the new owners would want to throw all that money at the business if they thought they couldn't achieve those sorts of numbers.
There was an interesting interview with Alain de Botton on the ABC last night, when he described "status anxiety" as the stress you feel when someone who ought to be your social equal or inferior appears to be doing better than you, and that your own perceptions of your own status do not appear to be recognised. It sounds rather like the the bitterness that many (presumably) QF pilots on this forum seem to share. Very human and understandable. Perhaps the best response is for the pilots to use some of that spare time to learn a bit more about business and develop some strategies to make sure they share in the (increasingly risky) returns on their (human) capital