Qantas Fined $61m (Merged)
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qantasjetstar
Not sure but if the math is correct they made 600 million, was only fined 60 million.
That leaves 540 million profit.
Maybe some one else can explain this one.
Not implying that this is right, but they sure made a lot of money breaking the rules, guess there is no justice for these types.
Are they working for themselves or the shareholders?
Dixon has just been awarded 1 million shares, for what? Breaking the law again.
Dixon has just been awarded 1 million shares, for what? Breaking the law again.
That leaves 540 million profit.
Maybe some one else can explain this one.
Not implying that this is right, but they sure made a lot of money breaking the rules, guess there is no justice for these types.
Last edited by Earl; 28th Nov 2007 at 17:05.
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Jackson lost her job as a result of the Macquarie buyout collapse; the smaller fine than BA is due to involvement in the cargo operation only, with the max US fine being 10% of worldwide revenue (relating to that cargo operation).
The profit is not considered by the DoJ in determining the fine, and considering that the BA "cartel" involved no more than a handful of people, it is hardly likely or realistic that it was orchestrated by, or known to Dixon at any point in time.
Why would the shareholders want to get rid of the man who has driven the stock price up from $2.96 to $5.81 in 18 months?
The profit is not considered by the DoJ in determining the fine, and considering that the BA "cartel" involved no more than a handful of people, it is hardly likely or realistic that it was orchestrated by, or known to Dixon at any point in time.
Why would the shareholders want to get rid of the man who has driven the stock price up from $2.96 to $5.81 in 18 months?
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Qantas Ethics or lack of them
Why would the shareholders want to get rid of the man who has driven the stock price up from $2.96 to $5.81 in 18 months?
Yes they would if $600 million is got illegally. If it is running illegal brothels or price fixing it is not the investment responsible Australians want to be involved with. If $600 million profit can be made without the directors admitting, how many other wroughts are slipping past?
It is reported that Qantas CEO Geoff Dixon will not deny that Qantas have been, or are involved in 'Passenger air fare price fixing"
Will we have to wait until they suddenly put aside funds for a fine?
If management can't detect the illegal actions of their staff then GET RID OF THEM. At least Margaret Jackson went without a fight.
There can be no EXCUSES.
QANTAS ACT ILLEGALLY...
THEY ARE THE AUSTRALIAN FLAG CARRIER...
THEY ARE TARNISHING THE AUSTRALIAN FLAG
AND YOU AS AN AUSTRALIAN..
Perhaps Kevin will pull them into line as the junket trip with Howard and his mates is over. I wonder if Dixon will have tears in his eyes the same as Howard, Costello, and Vale when they got the push.
If we as lower mortal don't show our discust with illegal company operations, we might as well hand over to the mafia. Perhaps they have.
Yes they would if $600 million is got illegally. If it is running illegal brothels or price fixing it is not the investment responsible Australians want to be involved with. If $600 million profit can be made without the directors admitting, how many other wroughts are slipping past?
It is reported that Qantas CEO Geoff Dixon will not deny that Qantas have been, or are involved in 'Passenger air fare price fixing"
Will we have to wait until they suddenly put aside funds for a fine?
If management can't detect the illegal actions of their staff then GET RID OF THEM. At least Margaret Jackson went without a fight.
There can be no EXCUSES.
QANTAS ACT ILLEGALLY...
THEY ARE THE AUSTRALIAN FLAG CARRIER...
THEY ARE TARNISHING THE AUSTRALIAN FLAG
AND YOU AS AN AUSTRALIAN..
Perhaps Kevin will pull them into line as the junket trip with Howard and his mates is over. I wonder if Dixon will have tears in his eyes the same as Howard, Costello, and Vale when they got the push.
If we as lower mortal don't show our discust with illegal company operations, we might as well hand over to the mafia. Perhaps they have.
Last edited by qantasjetstar; 28th Nov 2007 at 23:05. Reason: Spelling
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Twaddle: they are a private-sector company, and those involved are no longer employed. Besides, as pointed out about, the $600m profit is attributable to more than the cargo operation alone.
You sound like an anti-business tub-thumper.
You sound like an anti-business tub-thumper.
Last edited by Re-Heat; 29th Nov 2007 at 21:20.
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Twaddle yourself Re Heat
I know Qantas are a private company. I own shares in them, so I want the directors to take the blame. If it is not their job to know what is going on, then tell me what they are getting paid for. Not, I'm sorry Miss and I wont do it again. Can I go and play now?
Consider this...
A 747 with Captain, F/o and S/o.
While the captain is taking a break the S/O by mistake dumps some fuel. The captain is called back to the flight deck and decides to divert. WHO carries the can? The CAPTAIN
Geoff Dixon is the CEO He is responsible to shareholders (me)
Padding
Padding
Cargo Crooks
Qantas is charged with price fixing. WHO SHOULD CARRY THE CAN
Yes those at the bottom were sacked but that DOES NOT CLEAR QANTAS. THEY BROKE THE LAW
As a shareholder I would like the company to act in a responsible and honest way, providing the best service to the public and not ripping them off as long as they could.
Consider this...
A 747 with Captain, F/o and S/o.
While the captain is taking a break the S/O by mistake dumps some fuel. The captain is called back to the flight deck and decides to divert. WHO carries the can? The CAPTAIN
Geoff Dixon is the CEO He is responsible to shareholders (me)
Padding
Padding
Cargo Crooks
Qantas is charged with price fixing. WHO SHOULD CARRY THE CAN
Yes those at the bottom were sacked but that DOES NOT CLEAR QANTAS. THEY BROKE THE LAW
As a shareholder I would like the company to act in a responsible and honest way, providing the best service to the public and not ripping them off as long as they could.
Actually QANTAS is a 'Public' Company. They attempted to go Private, but it didn't get up.
And as for.........
Can't you come up with a more credible analogy?
And as for.........
Consider this...
A 747 with Captain, F/o and S/o.
While the captain is taking a break the S/O by mistake dumps some fuel. The captain is called back to the flight deck and decides to divert. WHO carries the can? The CAPTAIN
A 747 with Captain, F/o and S/o.
While the captain is taking a break the S/O by mistake dumps some fuel. The captain is called back to the flight deck and decides to divert. WHO carries the can? The CAPTAIN
Now here is a thought............a jetstar passenger throws a punch at an employee after being denied boarding.
.........Qantas is fined $60 million for price fixing.
Which is the greater crime?
WHy isn't the entire Qantas Board and Senior management facing criminal charges?
Please explain?
.........Qantas is fined $60 million for price fixing.
Which is the greater crime?
WHy isn't the entire Qantas Board and Senior management facing criminal charges?
Please explain?
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Ethics and Other Things
INTEGRITY
Integrity is the greatest asset a Company or an individual can posess. In all our dealings, inside and outside the Company, integrity should be taken first and the spirit of an agreement taken before the letter....Always keep out of Court whenever this is possible with honour and fair dealing. Companies or people having frequent Court actions are usually not of the best repute, and it is bad publicity anyhow.
from Ethics and Other Things: A Souvenir of Qantas Service, by Qantas Chairman Hudson Fysh, May 1955
There is no doubt that a company's attitudes to business are set by those at the very top. Old Huddy would be turning in his grave. It should be noted, though, that Fysh was also a great supporter of IATA, which in his day was a giant cartel.
Integrity is the greatest asset a Company or an individual can posess. In all our dealings, inside and outside the Company, integrity should be taken first and the spirit of an agreement taken before the letter....Always keep out of Court whenever this is possible with honour and fair dealing. Companies or people having frequent Court actions are usually not of the best repute, and it is bad publicity anyhow.
from Ethics and Other Things: A Souvenir of Qantas Service, by Qantas Chairman Hudson Fysh, May 1955
There is no doubt that a company's attitudes to business are set by those at the very top. Old Huddy would be turning in his grave. It should be noted, though, that Fysh was also a great supporter of IATA, which in his day was a giant cartel.
