Merged: It's Too Late Mr. Joyce.
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Of course it was tongue in cheek, AMPCLAMP, more like the early days, not now. But it was more to ridicule the crazy stuff that comes out of CASA and earlier BASI. And it was also to show that there was good blood between pilots and engineers over the years, which is harder to maintain, with more paper work than dialogue.
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Originally Posted by Sunfish
This is why Alan Joyces' latest update on the engines was so nauseating - blaming Rolls Royce for everything. Would I be right in thinking that Fifteen years ago QF would have told Rolls Royce in no uncertain terms that they had a problem,
There was a time when Qantas lead the way and others played catch up. Now we just follow, playing catch up.
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Investors have delivered a stinging rebuke to Qantas over the brand damage it is suffering as a result of the recent incidents in the air.
In the latest Investor Pulse survey conducted by Colmar Brunton Research and BusinessDay, 90 per cent of respondents from the panel of 2000 investors agreed the Qantas brand, which is strongly associated with safety, was at risk. This is one of the strongest responses since the Investor Pulse panel was formed a year ago and underlines the strength of feeling among shareholders.
This kind of brand damage represents a potential double whammy for Qantas. Besides losing customers, the airline could face pricing pressure as passengers become less willing to pay a premium to fly with it.
A majority of 55 per cent of investors believe the cause of the midair incidents is due to the decision by Qantas a few years ago to outsource some of its maintenance. Another 37 per cent attributed them to cost-cutting in general and 26 per cent put them down to bad luck.
In the latest Investor Pulse survey conducted by Colmar Brunton Research and BusinessDay, 90 per cent of respondents from the panel of 2000 investors agreed the Qantas brand, which is strongly associated with safety, was at risk. This is one of the strongest responses since the Investor Pulse panel was formed a year ago and underlines the strength of feeling among shareholders.
This kind of brand damage represents a potential double whammy for Qantas. Besides losing customers, the airline could face pricing pressure as passengers become less willing to pay a premium to fly with it.
A majority of 55 per cent of investors believe the cause of the midair incidents is due to the decision by Qantas a few years ago to outsource some of its maintenance. Another 37 per cent attributed them to cost-cutting in general and 26 per cent put them down to bad luck.
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Good call Sunfish, interesting reading in that and many recent posts.
I guess the question arises then, where did Qantas get these guys? It's not just Qantas either. Many Australian businesses are still running 1990s rules when it comes to short term bonuses and maintenance being the Devil's work. Why Is It So?
The top 20 Australian companies basically do banking, mining, food and (one) airline. We are an educated, wealthy, resource rich country. Why can't we do anything else? Is it because our crappy boards and senior executives are largely incapable of long term vision when they can skive off with short term bonuses?
Maybe banking, mining and food make such obscene profits with relatively little strategic planning that they will generally do well whatever decisions are made at the top level. Businesses that require a little more group grey matter don't seem to be shining in Australia, and I wonder if that's because our senior exec class are for the most part lousy, at least those who remain on-shore.
I guess the question arises then, where did Qantas get these guys? It's not just Qantas either. Many Australian businesses are still running 1990s rules when it comes to short term bonuses and maintenance being the Devil's work. Why Is It So?
The top 20 Australian companies basically do banking, mining, food and (one) airline. We are an educated, wealthy, resource rich country. Why can't we do anything else? Is it because our crappy boards and senior executives are largely incapable of long term vision when they can skive off with short term bonuses?
Maybe banking, mining and food make such obscene profits with relatively little strategic planning that they will generally do well whatever decisions are made at the top level. Businesses that require a little more group grey matter don't seem to be shining in Australia, and I wonder if that's because our senior exec class are for the most part lousy, at least those who remain on-shore.
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Originally Posted by cactusjack
Great stuff. Ma and Pa kettle are getting all hot and agitated under their tweed coats and panama hats watching their precious investment wither away. I hope they feel the same anger at the next shareholder love-in and decide not to be such a bunch of dumbf*#ks by agreeing to remunerate these executive toads with such ludicrous salaries and share options.
Thread Starter
Worrals:
1. How do they get there? Narcissists attract each other. Once one of them gets into senior management, if not found out and quickly removed, they will attract and hire others. No one but another narcissist will willingly work for one or sit on a company Board with one because normal people don't like the constant backside licking that is required to keep in their good books. Narcissists don't mind giving the daily kiss to the bosses backside.
Where do they find them? I've had Two Directors foisted on my previous organisation that were recruited by the big boss in the Qantas Chairmans lounge. That is a major recruiting ground. The payback for big boss was a couple of new Board seats for themselves.
2. Can we do anything else but mining banking and farming? Yes we can and do, there are quite a few internationally competitive high technology manufacturing companies in Australia. I've worked with a few of them. You will rarely if ever hear about them because the first rule of businesss when you are making money is to shut up about it. Did you know that the world leader in tobacco handling equipment is Australian? Tool and cutter grinders and specialised machine tools used by Rolls Royce, GE, GM, Airbus and almost every other technology company in the world? There is one aerospace company I know where the owners buy new Ferrarris every year, they are so successful. There is a company only a few blocks from me that is the worlds leading producer of mega - super yacht hardware, yet nobody even knows of its existence. The only companies you hear about in the press are generally the unprofitable whiners.
3. The trouble is that once you get an infestation of narcissists in a business, I know of no way of purging them with the exception of almost killing the business. At that point they will leave in droves, like rats leaving a sinking ship, because they hate being associated with unattractive, unfashionable, non performing businesses, and they cannot and will not give of themselves to turn things around except by cost cutting. They like firing people. It makes them feel powerful.
I guess the question arises then, where did Qantas get these guys? It's not just Qantas either. Many Australian businesses are still running 1990s rules when it comes to short term bonuses and maintenance being the Devil's work. Why Is It So?
The top 20 Australian companies basically do banking, mining, food and (one) airline. We are an educated, wealthy, resource rich country. Why can't we do anything else? Is it because our crappy boards and senior executives are largely incapable of long term vision when they can skive off with short term bonuses?
Maybe banking, mining and food make such obscene profits with relatively little strategic planning that they will generally do well whatever decisions are made at the top level. Businesses that require a little more group grey matter don't seem to be shining in Australia, and I wonder if that's because our senior exec class are for the most part lousy, at least those who remain on-shore.
The top 20 Australian companies basically do banking, mining, food and (one) airline. We are an educated, wealthy, resource rich country. Why can't we do anything else? Is it because our crappy boards and senior executives are largely incapable of long term vision when they can skive off with short term bonuses?
Maybe banking, mining and food make such obscene profits with relatively little strategic planning that they will generally do well whatever decisions are made at the top level. Businesses that require a little more group grey matter don't seem to be shining in Australia, and I wonder if that's because our senior exec class are for the most part lousy, at least those who remain on-shore.
Where do they find them? I've had Two Directors foisted on my previous organisation that were recruited by the big boss in the Qantas Chairmans lounge. That is a major recruiting ground. The payback for big boss was a couple of new Board seats for themselves.
2. Can we do anything else but mining banking and farming? Yes we can and do, there are quite a few internationally competitive high technology manufacturing companies in Australia. I've worked with a few of them. You will rarely if ever hear about them because the first rule of businesss when you are making money is to shut up about it. Did you know that the world leader in tobacco handling equipment is Australian? Tool and cutter grinders and specialised machine tools used by Rolls Royce, GE, GM, Airbus and almost every other technology company in the world? There is one aerospace company I know where the owners buy new Ferrarris every year, they are so successful. There is a company only a few blocks from me that is the worlds leading producer of mega - super yacht hardware, yet nobody even knows of its existence. The only companies you hear about in the press are generally the unprofitable whiners.
3. The trouble is that once you get an infestation of narcissists in a business, I know of no way of purging them with the exception of almost killing the business. At that point they will leave in droves, like rats leaving a sinking ship, because they hate being associated with unattractive, unfashionable, non performing businesses, and they cannot and will not give of themselves to turn things around except by cost cutting. They like firing people. It makes them feel powerful.
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No wonder Qantas customers are leaving. All of these hi paying, hi yield passengers must be absolutely guttered when they board a 20 year old 74, 76 or 73 and play roulette on whether they are going to make their important meeting when the bogans are boarding a brand spanking new A320 and soon to be (for the first 15) brand spanking new B787s.
I think it shows absolute contempt to our customers and absolute disregard to the importance of our business traveller who IS the backbone to the continued success of this company. Like it or not, Alan Joyce has signed off on all new expansion of the "Qantas group" going the "leisure" travel way. Jetstar continue to get a new A320 every month for their bogans to pay $39 to go from MEL-SYD when Qantas still keep trudging away with the trusty ol 76.
It also makes me laugh when AJ keeps replying to the age of the Qantas fleet with how ever man billions of dollars of upgrade of aircraft on the way. I wonder just how much of those billions are "upgrades" and not just expansion for jetstar.
Unfortunately we lost our only chance of a great CEO who was a career Qantas man with passion for this company. He now works for Virgin. Just you watch the company go gang busters now.
I think it shows absolute contempt to our customers and absolute disregard to the importance of our business traveller who IS the backbone to the continued success of this company. Like it or not, Alan Joyce has signed off on all new expansion of the "Qantas group" going the "leisure" travel way. Jetstar continue to get a new A320 every month for their bogans to pay $39 to go from MEL-SYD when Qantas still keep trudging away with the trusty ol 76.
It also makes me laugh when AJ keeps replying to the age of the Qantas fleet with how ever man billions of dollars of upgrade of aircraft on the way. I wonder just how much of those billions are "upgrades" and not just expansion for jetstar.
Unfortunately we lost our only chance of a great CEO who was a career Qantas man with passion for this company. He now works for Virgin. Just you watch the company go gang busters now.
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Quote:
Originally Posted by cactusjack
Great stuff. Ma and Pa kettle are getting all hot and agitated under their tweed coats and panama hats watching their precious investment wither away. I hope they feel the same anger at the next shareholder love-in and decide not to be such a bunch of dumbf*#ks by agreeing to remunerate these executive toads with such ludicrous salaries and share options.
Originally Posted by cactusjack
Great stuff. Ma and Pa kettle are getting all hot and agitated under their tweed coats and panama hats watching their precious investment wither away. I hope they feel the same anger at the next shareholder love-in and decide not to be such a bunch of dumbf*#ks by agreeing to remunerate these executive toads with such ludicrous salaries and share options.
I think you will find "Ma and Pa kettle" are a very weak voice when it comes to Qantas investors. Institutional investors would have far greater say...... and many would be mates with the board/executive management"!!!
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Here's an example of what can happen in the outside world when employees save a company lots of money with good ideas.
THEY are rewarded, not bigger bonuses for the execs only.
From abc news site...
An employee ideas program has paid off in more ways than one, with massive christmas bonuses for 800 North Queensland workers.
At a lavish Christmas party in Townsville last night, 55 luxury cars and 700 Pacific island holidays were handed out to workers at the Yubulu Nickel Refinery.
Mining executive Clive Palmer says the rewards are well deserved as workers helped turn around the refinery, which had faced closure before his company bought the business last year.
Mr Palmer says the plant has gone from strength to strength, and employee efforts have contributed to around $16 million dollars in business savings.
Between you and me , readers I would suggest these folks are feeling decidedly engaged and would bend over backwards for Mr Palmer.He is of course a very wealthy man in a different business but this is a clear indication of how to do it.
THEY are rewarded, not bigger bonuses for the execs only.
From abc news site...
An employee ideas program has paid off in more ways than one, with massive christmas bonuses for 800 North Queensland workers.
At a lavish Christmas party in Townsville last night, 55 luxury cars and 700 Pacific island holidays were handed out to workers at the Yubulu Nickel Refinery.
Mining executive Clive Palmer says the rewards are well deserved as workers helped turn around the refinery, which had faced closure before his company bought the business last year.
Mr Palmer says the plant has gone from strength to strength, and employee efforts have contributed to around $16 million dollars in business savings.
Between you and me , readers I would suggest these folks are feeling decidedly engaged and would bend over backwards for Mr Palmer.He is of course a very wealthy man in a different business but this is a clear indication of how to do it.
To whomever wrote that article, thank-you! Someone finally has articulated what we think in a concise and factual précis. I'll guarantee he had more than 150 hours!
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Mining executive Clive Palmer says the rewards are well deserved as workers helped turn around the refinery, which had faced closure before his company bought the business last year.
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I dont think Mr P has much time for organised labour but if he looks after his people there is much less need for the protections of organised labour.
