MERGED: Alan Joyce and the room of mirrors
Join Date: Feb 2007
Location: sydney
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
John Clark & Bryan Dawe ABC, Gold!!
I have a feeling that Joyce and his actions will attract comedy for a long time yet!
ABC just a few mins ago, John Clarke & Bryan Dawe!!
LMAO.
I have no idea how to provide a link, anyone help.
Cheers.
ABC just a few mins ago, John Clarke & Bryan Dawe!!
LMAO.
I have no idea how to provide a link, anyone help.
Cheers.
I have just got in my inbox a special fare on Emirates to Dublin; maybe a certain small man should be put on the flight. I am sure if the hat were to be passed around there would be enough for a one way ticket.
Join Date: Jun 2008
Location: Sydney
Posts: 498
Likes: 0
Received 0 Likes
on
0 Posts
I am sure if the hat were to be passed around there would be enough for a one way ticket.
I'm sure he could afford it out of his recent bonus payout and also a lock for the door as it slams his ar$e on his way out.
I would gladly pay for his ticket in exchange for his Aussie passport and a termination of any chancrs of ever coming back. The only problem with AJ going back to Oireland is that St Patrick has already expelled all the snakes from there.
Join Date: Aug 2011
Location: Australia
Age: 58
Posts: 45
Likes: 0
Received 0 Likes
on
0 Posts
clotted
It seems to me that it's a weird world when we have posters on a thread such as this attacking the CEO of a company that has the support of 98% of its shareholders and made $500 million profit last financial year
clotted you are....
Join Date: Nov 2010
Location: canberra
Age: 77
Posts: 81
Likes: 0
Received 0 Likes
on
0 Posts
It seems to me that it's a weird world when we have posters on a thread such as this attacking the CEO of a company that has the support of 98% of its shareholders and made $500 million profit last financial year and yet yesterday a competitor's CEO had his remuneration package voted against by 45% of its shareholders and made a loss for the year and yet another airline in Australia declined to forecast a profit for next year and the only other Australian trunk airline is still losing money after being grounded for being badly run.
I'm not sure who has it right and who has it wrong. I suspect it is probably not the posters on this thread.
I'm not sure who has it right and who has it wrong. I suspect it is probably not the posters on this thread.
Join Date: Jul 2006
Location: In the bone yard.
Posts: 207
Likes: 0
Received 0 Likes
on
0 Posts
Hahaha having a boring evening clotted?
98% of shares owned by 2% of shareholders voted in support of that motion.
No dividend for 2 years, gee whiz, they really are kicking all the goals.
Perhaps you need to think past the spin, either that or find a news source other than News Ltd.
If you do actually work for the airline concerned you must be blind as well as deaf, it would be hard to find a more disengaged workforce in a company of that size.
A lot of previously willing horses have been flogged well past their limit.
98% of shares owned by 2% of shareholders voted in support of that motion.
No dividend for 2 years, gee whiz, they really are kicking all the goals.
Perhaps you need to think past the spin, either that or find a news source other than News Ltd.
If you do actually work for the airline concerned you must be blind as well as deaf, it would be hard to find a more disengaged workforce in a company of that size.
A lot of previously willing horses have been flogged well past their limit.
Join Date: Aug 2011
Location: goulburn
Posts: 393
Likes: 0
Received 0 Likes
on
0 Posts
Sure not every view expressed here is correct and in some cases they are highly suspect re logic,but lets hope the senators give the Rat a lesson in business ethics in a way that demonstrates to some of the decision makers that the means does not justify the end.
DJ is a completely different animal to the Rat but what some are grabbing onto is the fact that it is not the role of either a Board or CEO to totally alienate almost the entire workforce and loyal customers and destroy years of technical competence developed through vast experience banks without damn good reasons.Undeveloped plans and deceptions do not fall into that category.
If the Rat is in the place as alleged at this time, it got there by a process that was essentially dictated by or agreed by prior management and employees, so a competent management team would work out a way to evolve with its workers rather than just lay the entire blame on the workers.
If we are at this precipice then it is because those responsible failed to act to evolve in an economically rational way before revolution was necessary. ie the Executive and Board failed to fulfill their own responsibilities.
As I have said on many occasions, never have I seen a management team that has been perceived to have mislead so many and get away with it and with such breathtaking levels of arrogance.The public dont like that and that is why there is so much contempt being shown for the Company at this time.
Perhaps all of the above explains why JB was treated so differently and at the risk of alienating some, perhaps justifiably so.
The Qantas brand is an asset of the Australian economy and not for the benefit of a select few to play with as they see fit.
There is more to this than shareholder profits.What came from the QSA discussion in the senate was that the current actions are not consistent with the intent of the legislation and the Rat is playing the game by its own interpretation of the rules which is probably correct but not consistent with what was intended at the time that Qantas was deemed the national carrier.
Time to fix that up.
DJ is a completely different animal to the Rat but what some are grabbing onto is the fact that it is not the role of either a Board or CEO to totally alienate almost the entire workforce and loyal customers and destroy years of technical competence developed through vast experience banks without damn good reasons.Undeveloped plans and deceptions do not fall into that category.
If the Rat is in the place as alleged at this time, it got there by a process that was essentially dictated by or agreed by prior management and employees, so a competent management team would work out a way to evolve with its workers rather than just lay the entire blame on the workers.
If we are at this precipice then it is because those responsible failed to act to evolve in an economically rational way before revolution was necessary. ie the Executive and Board failed to fulfill their own responsibilities.
As I have said on many occasions, never have I seen a management team that has been perceived to have mislead so many and get away with it and with such breathtaking levels of arrogance.The public dont like that and that is why there is so much contempt being shown for the Company at this time.
Perhaps all of the above explains why JB was treated so differently and at the risk of alienating some, perhaps justifiably so.
The Qantas brand is an asset of the Australian economy and not for the benefit of a select few to play with as they see fit.
There is more to this than shareholder profits.What came from the QSA discussion in the senate was that the current actions are not consistent with the intent of the legislation and the Rat is playing the game by its own interpretation of the rules which is probably correct but not consistent with what was intended at the time that Qantas was deemed the national carrier.
Time to fix that up.
Join Date: Nov 2010
Location: canberra
Age: 77
Posts: 81
Likes: 0
Received 0 Likes
on
0 Posts
Exactly what I mean, you two:
the apples and apples comparison is that the owners of 98% of the shares in the first company voted in favour whereas the owners of 45% of the shares voted against in the second company.
Obviously the 98% accept for whatever reason the non-payment of a dividend.
the apples and apples comparison is that the owners of 98% of the shares in the first company voted in favour whereas the owners of 45% of the shares voted against in the second company.
Obviously the 98% accept for whatever reason the non-payment of a dividend.
Moderator
98%?? Some people have more dollars than cents.
The largest shareholders are trust fund institutional investors holding and investing superannuation funds (including mine!
)Posted at 11.41 Aust Eastern Standard Time - not 26th Nov 2011, 03:27
This should be Post 176
There are three (3) types of people in the world - those who understand numerology and those who dont.
The other 50 % dont care either way, and the remaining two thirds cant add up.
The other 50 % dont care either way, and the remaining two thirds cant add up.
It is an interesting question re voting rights of shareholders.
The vast majority of shares in Australian companies are held by institutional investors who invest in shares for mum and dad investors for superannuation, managed funds etc.
The voting rights, however, are vested in the directors and trustees of the funds rather than the final owners of the shares. Perhaps it is overdue that the real owners of the shares are given the option to direct their proxies as they see fit rather than the default position of the fund managers.
It would be chaos but geeze it would be fun to watch! Once the smartest guys in the room realise that real 'little' people are empowered to have their say it might change things a little.
The vast majority of shares in Australian companies are held by institutional investors who invest in shares for mum and dad investors for superannuation, managed funds etc.
The voting rights, however, are vested in the directors and trustees of the funds rather than the final owners of the shares. Perhaps it is overdue that the real owners of the shares are given the option to direct their proxies as they see fit rather than the default position of the fund managers.
It would be chaos but geeze it would be fun to watch! Once the smartest guys in the room realise that real 'little' people are empowered to have their say it might change things a little.
