Why does Joyce hate Qantas so much?
The whole private equity thing goes back to 1998. At that time, the millionaire factory and Big Kerry were looking at the potential. Kerry backed out at the end, but guess who's kid was on the board when the APA bid came up and was so supportive of it?
The whole eight profit centres "silo" structure that management pursued since 2003 was centered around a private equity buyout. It would enable segments of the business to be sold off easily, it was designed to have a company structure attractive to a private equity bid (but expensive for the group with so much repeated management levels and overheads).
It is no secret that this was a huge part managements' agenda. They had been taking external advice on how to do it years before the APA bid
The whole eight profit centres "silo" structure that management pursued since 2003 was centered around a private equity buyout. It would enable segments of the business to be sold off easily, it was designed to have a company structure attractive to a private equity bid (but expensive for the group with so much repeated management levels and overheads).
It is no secret that this was a huge part managements' agenda. They had been taking external advice on how to do it years before the APA bid
“They become profit driven rather than safety driven.”
Interesting then that airlines such as Southwest exist in arguably the most competitive free market available and yet are both safe AND profitable. Very safe and very profitable.
The pursuit for profits can exist alongside a focus on safety. The market will provide corrections to an unsafe airline.
“Qantas under the taxpayer may not have been the most profitable airline”
Do you think? Very inefficient too.
“but it achieved it's safety record and reputation of exellence while operating in this manner.”
But what’s the point if it’s largely unprofitable? How long did you expect the tax payer to keep propping up the sheltered workshop?
“and profits were a lower priority.”
Which is why things changed.
Interesting then that airlines such as Southwest exist in arguably the most competitive free market available and yet are both safe AND profitable. Very safe and very profitable.
The pursuit for profits can exist alongside a focus on safety. The market will provide corrections to an unsafe airline.
“Qantas under the taxpayer may not have been the most profitable airline”
Do you think? Very inefficient too.
“but it achieved it's safety record and reputation of exellence while operating in this manner.”
But what’s the point if it’s largely unprofitable? How long did you expect the tax payer to keep propping up the sheltered workshop?
“and profits were a lower priority.”
Which is why things changed.
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TheThe, I'll go one step further.
Consider the Murdoch family controls NewCorp with somewhere around 15% of the shares, the Lowy family controls Westfields with a similar number. The important number here is that it is >10% of shares (prevents takeover via compulsory acquisition), in essence control is by virtue of the largest voting block.
Next, consider that the top executives were to receive 5% of the shares in the APA privatized entity plus bonus payments. It doesn't take much imagination to hypothesize that these bonus payments, or loans from the entity, could have been converted to shares prior the entity was floated via an IPO. Therefore, an extremely small group of executives could have in effect, ending up with control of the shell with only 10.1%, all without having to put one dollar in. This was a management takeover funded by APA to extract the cash for (dying) Allco. Was Geoff Dixon's son-in-law a j* executive (head of HR IIRC) at the time of the bid? Dynastic ambitions perhaps.
Consider the Murdoch family controls NewCorp with somewhere around 15% of the shares, the Lowy family controls Westfields with a similar number. The important number here is that it is >10% of shares (prevents takeover via compulsory acquisition), in essence control is by virtue of the largest voting block.
Next, consider that the top executives were to receive 5% of the shares in the APA privatized entity plus bonus payments. It doesn't take much imagination to hypothesize that these bonus payments, or loans from the entity, could have been converted to shares prior the entity was floated via an IPO. Therefore, an extremely small group of executives could have in effect, ending up with control of the shell with only 10.1%, all without having to put one dollar in. This was a management takeover funded by APA to extract the cash for (dying) Allco. Was Geoff Dixon's son-in-law a j* executive (head of HR IIRC) at the time of the bid? Dynastic ambitions perhaps.
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skybed re peopleconnect
You are joking ?
Surely not that.
Surely not that.
Interesting then that airlines such as Southwest exist in arguably the most competitive free market available and yet are both safe AND profitable. Very safe and very profitable.
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It's a strange but true thing.
'The putrid state of the toilets and the work areas in the corporate buildings at Mascot sum up what he thinks about the staff and the company'.
'
How often have you known that the restaurant, pub, operation was rubbish when you toddle off to have a slash. Seriously, airports, coffee shops, cat houses, all same same. Scruffy dunny = crook operation.
Almost infallible logic. Company don't care, punters hate it; the rest becomes legend.
'
How often have you known that the restaurant, pub, operation was rubbish when you toddle off to have a slash. Seriously, airports, coffee shops, cat houses, all same same. Scruffy dunny = crook operation.
Almost infallible logic. Company don't care, punters hate it; the rest becomes legend.
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The APA was white collar crime. No ifs, no buts. People should have faced court and did not. They must still be unable to believe they got away with it. But they did. Nobody will forget that.
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Toilet Humour
Speaking of the THE BLOCK.
Earlier this year -I dropped into to catch up with a mate in Dubai. He had a contact who took us through the Emirates EP Training facility.
As you would it expect...its a top notch set up. As for the toilets-pristine,clean with a hint of musk (smell)
In contrast...coming back to the QF EP "shed". The equipment is appalling, .......1970's style.
As for the dunnies. They stink, leak, water everywhere....total abomination.
There were some techies from another airline there as well......what an embarrassment. I'm sure we are charging top $$$$ for the pleasure of them being here.
Get with the program Joyce......
****e -IN =****e -OUT
QF is supposed to be a PREMIUM FCKUNI AIRLINE
Earlier this year -I dropped into to catch up with a mate in Dubai. He had a contact who took us through the Emirates EP Training facility.
As you would it expect...its a top notch set up. As for the toilets-pristine,clean with a hint of musk (smell)
In contrast...coming back to the QF EP "shed". The equipment is appalling, .......1970's style.
As for the dunnies. They stink, leak, water everywhere....total abomination.
There were some techies from another airline there as well......what an embarrassment. I'm sure we are charging top $$$$ for the pleasure of them being here.
Get with the program Joyce......
****e -IN =****e -OUT
QF is supposed to be a PREMIUM FCKUNI AIRLINE
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The Brown Bomber
A few years ago there was an individual(s) who would leave 'surprises' in the Mascot dunnies, often on the floor in front of the toilets, on the seat lids, even on top of the godamn cistern (amazing acrobatics) !!! It had been rumoured for a long time that a 'senior person' was sneaking into the dunnies and leaving his mark of disrespect for junior management in there !! Nobody was caught...
I guess today if you discover a 'glory hole' in the Mascot dunnies it may be easier to identify the culprit if it is a senior person ?
Where's Kenny when you need him ??
I guess today if you discover a 'glory hole' in the Mascot dunnies it may be easier to identify the culprit if it is a senior person ?
Where's Kenny when you need him ??
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...and we thought it was unhealthy, apparently it is not!!
Top Stories
Bagging the boss helps boost productivity
Thursday 8:05PM
BEING*open about workplace frustrations can build morale and help solve problems, study finds.
Workers who want to earn themselves an employee of the month nomination should instead unleash their negative*feelings about their nine-to-five on their colleagues, a new study*suggests.
Dutch researcher Annefloor Klep claims that being open about workplace frustrations can hold the key to increasing*productivity.
The research found that running your mouth off at work created colleague unity and the free exchange of information in a team environment could also help solve*complicated analytical*problems.
Australian*clinical psychologist Dr Janet Hall backed up the findings and said it was beneficial to let off steam in the*office.
“Speak up or be a sook!” Dr Hall*said.
“We’re the world’s greatest*whingers.
“We all want harmony, however complaints are necessary for positive change and for folk to feel heard and*appreciated.
“Letting off steam is natural and makes you feel*better.”
But she warned that workers could face the sack if they went overboard with their venting and bagging the*boss.
Bagging the boss helps boost productivity
Thursday 8:05PM
BEING*open about workplace frustrations can build morale and help solve problems, study finds.
Workers who want to earn themselves an employee of the month nomination should instead unleash their negative*feelings about their nine-to-five on their colleagues, a new study*suggests.
Dutch researcher Annefloor Klep claims that being open about workplace frustrations can hold the key to increasing*productivity.
The research found that running your mouth off at work created colleague unity and the free exchange of information in a team environment could also help solve*complicated analytical*problems.
Australian*clinical psychologist Dr Janet Hall backed up the findings and said it was beneficial to let off steam in the*office.
“Speak up or be a sook!” Dr Hall*said.
“We’re the world’s greatest*whingers.
“We all want harmony, however complaints are necessary for positive change and for folk to feel heard and*appreciated.
“Letting off steam is natural and makes you feel*better.”
But she warned that workers could face the sack if they went overboard with their venting and bagging the*boss.
Top Stories
Bagging the boss helps boost productivity
Thursday 8:05PM
BEING*open about workplace frustrations can build morale and help solve problems, study finds.
Workers who want to earn themselves an employee of the month nomination should instead unleash their negative*feelings about their nine-to-five on their colleagues, a new study*suggests.
Dutch researcher Annefloor Klep claims that being open about workplace frustrations can hold the key to increasing*productivity.
The research found that running your mouth off at work created colleague unity and the free exchange of information in a team environment could also help solve*complicated analytical*problems.
Australian*clinical psychologist Dr Janet Hall backed up the findings and said it was beneficial to let off steam in the*office.
“Speak up or be a sook!” Dr Hall*said.
“We’re the world’s greatest*whingers.
“We all want harmony, however complaints are necessary for positive change and for folk to feel heard and*appreciated.
“Letting off steam is natural and makes you feel*better.”
But she warned that workers could face the sack if they went overboard with their venting and bagging the*boss.
Bagging the boss helps boost productivity
Thursday 8:05PM
BEING*open about workplace frustrations can build morale and help solve problems, study finds.
Workers who want to earn themselves an employee of the month nomination should instead unleash their negative*feelings about their nine-to-five on their colleagues, a new study*suggests.
Dutch researcher Annefloor Klep claims that being open about workplace frustrations can hold the key to increasing*productivity.
The research found that running your mouth off at work created colleague unity and the free exchange of information in a team environment could also help solve*complicated analytical*problems.
Australian*clinical psychologist Dr Janet Hall backed up the findings and said it was beneficial to let off steam in the*office.
“Speak up or be a sook!” Dr Hall*said.
“We’re the world’s greatest*whingers.
“We all want harmony, however complaints are necessary for positive change and for folk to feel heard and*appreciated.
“Letting off steam is natural and makes you feel*better.”
But she warned that workers could face the sack if they went overboard with their venting and bagging the*boss.
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Further evidence that most psychologists need to visit the real world occasionally. 
I'll bet she's never worked in a normal workplace or she'd know just how much of a career deadener 'speaking out' can be. Even universities aren't that utopic, unless you have tenure.
In a toxic workplace, merely volunteering to be the staff rep, union delegate or similar can be hazardous to promotion if your managers don't like hearing facts.
I'll bet she's never worked in a normal workplace or she'd know just how much of a career deadener 'speaking out' can be. Even universities aren't that utopic, unless you have tenure. In a toxic workplace, merely volunteering to be the staff rep, union delegate or similar can be hazardous to promotion if your managers don't like hearing facts.
Further evidence that most psychologists need to visit the real world occasionally. I'll bet she's never worked in a normal workplace or she'd know just how much of a career deadener 'speaking out' can be. Even universities aren't that utopic, unless you have tenure.
I'll bet she's never worked in a normal workplace or she'd know just how much of a career deadener 'speaking out' can be. Even universities aren't that utopic, unless you have tenure.
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In a toxic workplace, merely volunteering to be the staff rep, union delegate or similar can be hazardous to promotion if your managers don't like hearing facts.
Other times the delegates can turn into management footstools and be kissing management's kyber while feeding the rest of the members porkies. I've seen both sides of the delegate over the years. I'm not going to start a pro or anti union debate here, but I too would like to see Annefloor Klep and Janet Hall do a stint in the real world where the reality is you are damned if you do and you are damned if you don't, and in most instances regardless of your role management are going to attempt to pummel your sphincter just because they can. Those two ladies should spend less time hypothesizing and philosophizing and sipping green tea and wake the f*ck up !
Catus, I too have seen one of my representatives turn to the dark side. Mate, I am old school, like it or lump it, I have NO respect for these people. I know this means nothing to you, I just get so frustrated with the way we are getting shafted, Sorry
Cactus:
So you were a member of the APE (Association of Professional Engineers) too?
Bruvva!
Other times the delegates can turn into management footstools and be kissing management's kyber while feeding the rest of the members porkies.
Bruvva!