Legalities of Pilot Strike Breakers

[breakfastburrito]

Good post airtags.

[Budfox]

Chart

And here it is folks.
The magic chart showing the share price since its listing on the ASX basically back were it started.

If you had held since the float in 1995 and going of the closing price on 20/5/2011, you would have made roughly %10 in that time !!
And if you were an institutional investor getting the $2.00 issue price, then
congratulations you are all up about %5.

May as well have parked all those 100's of millions of dollars into interest bearing accounts during those last 16 years.

Whats more of interest now is that according to various brokers the general consensus is that QAN is a BUY. However looking at the chart looks to me like another downtrend is playing out.
Interesting times indeed.

Wonder if Ms Wirth would like to explain this to the investors about how their investment has performed during this time?

[Management In Charge]

Management is on top

The use of strike breakers during periods of dispute is not unusual. All the recent emotion about this from the frontline workers is a joke. Strike Breakers are part and parcel of life these days and they certainly do a wonderful job. It is imperative that our planes keep flying, our passengers remain happy, our KPI’s and bonus criteria is met and the shareholder remains happy. Not to employ Strike Breakers would be unwise, unethical and poorly planned.
Our Strike Breakers are extremely well trained people. They often perform a better job than the salaried full time workforce they are temporarily replacing and they are more highly skilled and far more adaptive and appreciative of the difficult financial environment we all work in.

Management believe that Strike Breakers should be included in future Enterprise Agreements and that the role of the Strike Breaker should have its own PD attached and form part of the organisations structure. This would allow management to widen the scope of productivity ensuring the shareholder is adequately cared for and incurs no loss to their portfolio value. The fact is that an aeroplane is easy to fly, an engine is easy to replace, and a couple of bags are easy to stack underneath. One does not need an overpaid workforce to fulfil this task. It is Management and HR that make an organisation continue to run effectively and profitably and the sooner that frontline workers realise this the better.

Yes, truly, the role of the Strike Breaker in modern business models is a highly valued and highly respected role. Management and the Strike Breakers look forward to future synergies and a strong bond.

The Boardroom Beckons

[hotnhigh]

The race to the bottom for the moment has been overtaken by the need for a dysfunctional Mgrs, Exec & Board to come up with the goods. The real power will be for the Unions to keep AJ & Co on the edge of the cliff looking down at the valley of failure for as long as possible.

Spot on airtags. The greatest sadness in all of this is that managements only solution to the degradation in qantas market share is to attack employees.
Only now is the penny starting to drop with some of the "media types" out there that there are fundamental problems with the business and won't be solved by the current board due to their arrogance, inability to look further ahead beyound next years numbers, and to provide the illusion of doing something to somehow impress major institutional shareholders by taking on all of your employees whom management deem to be the reason why the wheels are falling of the qantas groups profitability.

The question I would put to Mr Clifford, Mr Joyce and the qantas board is simply,
Why should I fly Qantas internationally? And what problems do you have with the international operation?
It would be interesting to hear their responses. They wont identify the problems that they have created, they will only blame inefficient staff.
Not the fact that I can choose a number of different carriers that offer newer aircraft, more cabin crew compliment and a greater number of services per day from a multitude of Australian ports where Qantas either has one or none.
This our home ground for goodness sake! They wont identify that the reduction in international market share has been mirrored by the arrival of jetstar and the transfer of business to that operation. They wont acknowledge that more and more Australians are travelling now more than ever and they have positioned Qantas not to capitalize on this.

They will never get it I'm afraid. However, I hope the major shareholders do get it before it's too late.

[DutchRoll]

Originally Posted by Capt Kremin

For strikebreakers to be effective... there has to be a strike.

Correct. I know AIPA and certainly most QF pilots are acutely aware of this. They have had a lot of time to formulate plans and look back at what not to do, to avoid history repeating itself.

If there is no strike, your strike breakers are useless but will cost you a lot of money.

[rodchucker]

Yes but that wont impact Exec bonuses because they had contingency plans against the masses, so they were always in control with a well executed plan.

Pity they never ask why they were where they were?Then again the level of delusion would be sustained.

Guess if we don't hear about a mass exodus on Monday then the mooted friday meeting of Fund Managers never happened?

[ThePaperBoy]

This is going to get very interesting...

MIC, if in fact you are part of QF management in any capacity I think it's best you rethink some of your comments:

It is Management and HR that make an organisation continue to run effectively and profitably and the sooner that frontline workers realise this the better.

Since you are so highly skilled you better run back to your university studies and read up on the bits about organisational behaviour and keeping a work force motivated. While you're at it have a read of some case studies about Southwest and Continental (Bethune era) and discover how to engage your workforce and therefore increase productivity. You will discover some outstanding tactics to ensure a win-win situation that didn't involve handing out extra money. I don't believe this battle is about an extra 3% or some seats on a long haul flight, it is about respect. It is not within this country's norm to treat the workforce with disrespect and hope they obey, but then again maybe that is why you are trying to push into some Asian countries.

Maybe you could just have a look across the tarmac and see how Borghetti is going with his workforce. Once their cost structure has been sorted and Game Change plans fully implemented you are in for a world of pain. VA staff are in the majority paid less than QF, but that doesn't seem to affect motivation.

I'm not part of the QF or VA group, but I am an army of one. My business travels might be only worth a few thousand dollars a year, but that is a few thousand dollars less QF shareholders will see in their annual report this year. Listening to a few business travellers on VA this work I am not alone.

[max1]

Some people just don't get sarcasm

[max1]

Think about what $2 bought in '96 and what it would buy now.
I think things have about tripled in that time. Share price would need to be around $6 now just to hold something near value. I bought BHP around that time for about $10.
If it came to it, I would prefer to defer my travel than support scabs. I don't think the airlines would actually allow me to do this. I would probably have to do my dough.
All Australians have a dog in this fight, some just have smaller dogs.

[Compylot]

Some people just don't get sarcasm

Please don't be too harsh, as pilots we are required to make quick, no nonsense decisions in minimum time. We need to be fast at weighing up the facts and forming a response which can be impulsive at times.


It is called command decision making and is the cornerstone of all effective commercial pilots.

[breakfastburrito]

+1000 insightful post.

</sarc>

[FOCX]

I'm no finance wiz, but I seriously doubt any super fund/managed fund or whatever holds any investment for 16 wks let alone 16 yrs! The only investors who do that are not very well educated mum & dad retail investors (finance wise that is). So statement re bank interest are just stupid and make us look stupid! Please, don't say Buffet as he wouldn't invest in an airline!

Management In Charge is doing a copy of THE MANAGEMENT on the FH forum, a not very good copy as well I might add!

[Qanchor]

Oh I'm loving this!

Pure gold MIC, you got another one, hook, line & sinker. Keep em coming.

[Budfox]

I'm no finance wiz, but I seriously doubt any super fund/managed fund or whatever holds any investment for 16 wks let alone 16 yrs!

Actually FOCX I disagree with you.
Take Capital Group Companies Inc.
Going from the last to first available reports on Qantas website, and it clearly lists them as one of the largest shareholders over those 10 years. So that one company alone disagrees with your 16 week suggestion.
And just looking at what that company does, they manage mutual funds and other investment portfolios according to their website.

There is still a few others on that list that have also remained during that time frame.

Out of interest Capital Groups % of share ownership during those years has been.
2000 = % 5.0
2009 = % 16.77
2010 = % 9.53

Also of interest is largest shareholder JP Morgan has reduced from %28.84 in 2009 to %23.61 in 2010. Now given this is a nominee holding it would be hard to tell just who it is for etc.

And Buffet might not invest directly in an Airline but he does have his hand in the Aviation Industry. He has money sunk into Flight Safety Intl and NetJets.
Either way I wasn't going to mention him on here.
Does this still make us look stupid ?
And if you didnt see after my interest comment there was a sarcastic little

[maggot]

Originally Posted by Qanchor

Pure gold MIC, you got another one, hook, line & sinker. Keep em coming.

Really? Very weak troll. At best.

[FOCX]

Budfox,

But were they holding those shares continuously, or were they trading, buying in and out and therefor not investing as such? If they were holding them continuously it sort of shows that they aren't very good at their job! 16 yrs is a bloody loooonng time to give a company time to prove itself. As to Buffet's ownership of Netjets etc, they're not airlines. If you're a Buffet fan you'll know he considers them to be the biggest waste of capital going.

As to 16 wks V 16 yrs, didn't it strike you that I wasn't being literal? 2009 if I'm correct QF shares went down to 1.36 or so, they buy in big and subsequently sell almost 1/2 their holding in 2010, they're not investing, that's trading, a big difference.

Qanchor,

if you are referring to me you got it wrong! I see what MIC is doing, I suggest you look at THE MANAGEMENT's post om the FH forum, you'll quickly see he pretends to be management. He did it so well after 3 yrs I started to hate his posts, which at the start I found very entertaining. MIC is nowhere near as good, not a criticism, just a fact.

[Budfox]

I did actually say Buffet doesn't invest directly in an airline.

I see your point of selling in and out and Capital Group have been doing this.
Only in past years does it seem as I referenced that they are down to %9.53 from previous year 2009.

Whether or not they have been net long or short from as far back as 2000 they have been in the top shareholders that whole time.

If they were trading there would be a lot of appendix 3's

Anyway the whole point of earlier post was just to highlight the share price back to 1995 levels so all good. Who knows what some of the big funds are doing anyway

Big kahunas was needed to buy at $1.36 but what the heck, whens its someone elses money no probs

[FOCX]

Budfox,

Further to my PM, no I didn't see your at the end of the interest bit. That's me butting my head for not reading your post properly!

[Management In Charge]

if you are referring to me you got it wrong! I see what MIC is doing, I suggest you look at THE MANAGEMENT's post om the FH forum, you'll quickly see he pretends to be management. He did it so well after 3 yrs I started to hate his posts, which at the start I found very entertaining. MIC is nowhere near as good, not a criticism, just a fact

Oh dear, I see that FOCX has now made several unsubstantiated comments about my imitating another Ppruner ? How rude and arrogant.
Let me be quite clear that I am my own individual. I am not and have not purported to either be another Ppruner nor copy or mimic another Ppruner. Furthermore I have not tried to make my comments sound like or even replicate this ‘other Pruner’ in a different forum. If my comments are not as ‘good’ as the other Pruner’s then I do not care, there is no comparison or competition on my mind, FOCX is somewhat deluded, confused or simply ‘washed up’.
Perhaps the truth is that Management in all our supreme ability and intellect are very similar in our thoughts, actions, skill and wisdom. After all, we are a special breed, gifted, and are in a class of society well above you ‘small people’. Management does not need to ‘rally the troops’ and fight the system as we are the system. We cannot be broken, outplayed, outsmarted or undermined by the likes of FOCX. You are David and we are Goliath. Your insults do us no harm, rather you strengthen our resolve to run a tight ship in which the shareholder is rewarded for their loyalty.
So I would suggest that FOCX return to flying his little cargo planes or other substandard piece of prehistoric machinery out of that dirty putrid Asian city and be silent from contributing any input into Australian matters. Furthermore, if your so-called Ppruner on ‘another forum’ is truly a Manager who also oozes wisdom, intellect and a solid understanding of running a profitable airline then I invite him to post in our debate.

The Boardroom Beckons

[Tidbinbilla]

in which the shareholder is rewarded for their loyalty.

Well, if you're talking Qantas.... It's been some time since I've been rewarded for my loyalty.

Feel free to take a break from this thread for being a troll (and to spend a little more time in your "beckoning boardroom". Goodness knows, you need it
Come back when you give me a dividend.

This is a professional pilots' network. Not an incompetent management's network.

TID