Merged: The G Dixon Thread
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Merged: The G Dixon Thread
Reported in the AFR today that Qantas has set aside a further $111 million dollars to pay fines over the cargo price fixing scandal. Add that to the previous $61 million already paid and Dixon's lack of company oversight as CEO has cost Qantas $172 million. How the board can allow him to remain beggars belief. I would love to know how they will justify paying him a bonus this year. The buck stops at the top, no matter who Dixon points the finger at over this scandal. 
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Imagine if the silver haired stooge & the fat man where around these days with tricky dicky at the controls of QF, God I shudder to think what under handed tricks they would be trying to pull, there is a God afterall by way of letting GD hang himself!
GD thinks he's untouchable, so far that's proved to be correct, but nothing is 4ever!
CW
GD thinks he's untouchable, so far that's proved to be correct, but nothing is 4ever!
CW
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The buck stops with the CEO (so he keeps telling everyone!) and so far as the corruption charges go they have been proven guilty, so "march him off to the slammer" I hear you call 
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Go Geoff making 1 billion dollar profit for the company and prob making a sh1tload more than the fine for the cargo situation.
Who's going t sack him. I certainly won't support it as a QF shareholder.
You clowns should get of the Geoff bashing bandwagon and look at the big picture
Who's going t sack him. I certainly won't support it as a QF shareholder.
You clowns should get of the Geoff bashing bandwagon and look at the big picture
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I'll bite.
What, like him who, as a director of the company should have been the guardian of shareholders' interests, instead trying to push a pup of a takeover (in which he was clearly conflicted), which if it had gone through would probably by now have resulted in the company having followed its putative parent (Allco) into a smoking, debt-laden hole?
Yes I know the share price is currently lower than that offered last year but at least there still is a share price.
and look at the big picture
Yes I know the share price is currently lower than that offered last year but at least there still is a share price.
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'capt777'...............Go Geoff making 1 billion dollar profit for the company and prob making a sh1tload more than the fine for the cargo situation.....that statement alone sums up teflon geoff (like that 'tail67'
) & you perfectly
CW
) & you perfectlyCW
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captaintunedog777 Maybe you need to remove your rose-coloured glasses. This cargo cover-up fiasco is just the tip of the iceberg when it comes to corporate questionability.
Your hero Dixon very nearly consigned QF to the scrap heap. That Allco deal would have placed such onerous debt obligations on the airline that with the current state Allco finds itself in (ie. virtually dead) combined with the fuel situation, analysts last week suggested QF could not have survived. Then where would your share price be?
Dixon and Jackson would have done nicely out of the deal though.
And to think, they said we were mentally deficient not to accept that deal. What sort of idiots are running that company?
But it gets worse. Immediately after the collapse of the deal, Dixon came out with radical policies (selling the aircraft, setting up subsidiary companies etc) that it was at best either a poorly-planned knee jerk reaction to the collapse or at worst, a plan that was envisaged BEFORE he collapse that they had mysteriously forgotten to mention to shareholders (ie You and Me). Not sure why ASIC aren't persuing that one to the fullest extent.
So, just because QF and most other airlenes have recently been making huge profits, doesn't mean the airline is in good hands.
Your hero Dixon very nearly consigned QF to the scrap heap. That Allco deal would have placed such onerous debt obligations on the airline that with the current state Allco finds itself in (ie. virtually dead) combined with the fuel situation, analysts last week suggested QF could not have survived. Then where would your share price be?
Dixon and Jackson would have done nicely out of the deal though.
And to think, they said we were mentally deficient not to accept that deal. What sort of idiots are running that company?
But it gets worse. Immediately after the collapse of the deal, Dixon came out with radical policies (selling the aircraft, setting up subsidiary companies etc) that it was at best either a poorly-planned knee jerk reaction to the collapse or at worst, a plan that was envisaged BEFORE he collapse that they had mysteriously forgotten to mention to shareholders (ie You and Me). Not sure why ASIC aren't persuing that one to the fullest extent.
So, just because QF and most other airlenes have recently been making huge profits, doesn't mean the airline is in good hands.
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Dixon was the CEO during the period in which QF was engaged in corporate corruption. Arguably, he may not have been directly responsible. However, he is primarily responsible for the corporate culture that has manifested itself in an unwavering drive for short term profit. Ultimately, this culture and his flawed management style resulted in corrupt behaviour of a number of subordinates. They and QF have been caught out.. This fiasco highlights just one of the numerous reasons why shareholders and the board must replace this CEO.
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You guys are being too tough on the Dixon, just look at his record:-
1) Share price lower than when he started.
2) A$171 million in fines for corrupt practices.
3) 37,000 staff disengaged by management practices.
4) Poor choice / mix of aircraft fleet.
5) Unable to execute stated management plans.
6) Stated disdain for customers and staff.
Hold on, you're right!!! Get rid of Dixon!!!
1) Share price lower than when he started.
2) A$171 million in fines for corrupt practices.
3) 37,000 staff disengaged by management practices.
4) Poor choice / mix of aircraft fleet.
5) Unable to execute stated management plans.
6) Stated disdain for customers and staff.
Hold on, you're right!!! Get rid of Dixon!!!
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And this little gem from todays paper. Barbara Ward, former director of Allco Finance has now been appointed to the Qantas board. Couldn't get her fists full of cash with the takeover bid failing so now her mates put her on the board. Where oh where is the ASIC investigation into the whole takeover affair?? 