MERGED: Alan Joyce and the room of mirrors
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Well its in your hands now, those who have worked and gave their all for such a great company, can only stand by and watch and hope that QF survives, for Australia and QF are joined at the hip, one without the other is unthinkable.
I believe the Board are counting on that.
Like Bonds (offshored production, 'cause Aussie process workers are entitled to all that annoying costly stuff like OH&S and superannuation)
Qantas bid crash lands at last minute - Business - Business - theage.com.au
In its statement last night, APA said it "wishes Qantas every success for the future".
The reverberations of the shock result will be felt at Qantas headquarters where the positions of chairman Margaret Jackson, chief executive Geoff Dixon and the entire Qantas board are now in doubt.
Mrs Jackson and Mr Dixon both supported the deal when it was launched in December and repeatedly urged shareholders to accept the offer.
In its statement, APA paid tribute to Mrs Jackson and the Qantas board.
"Qantas is an outstanding organisation with a first rate management team and board," it said. "APA understands that the bid process has been challenging for many of those involved and thanks Qantas management, board and employees for their professionalism during the process."
Qantas shareholders had until 7pm last night to accept APA's $5.45-a-share offer.
The consortium spent yesterday making desperate phone calls to get acceptances over the crucial 50 per cent level.
Jetstar chief executive Alan Joyce was one of the latecomers, selling his 67,000 Qantas shares but it was not enough.
Yesterday morning the Macquarie-led consortium had 36 per cent of acceptances, up 3 per cent on its last update.
However hedge funds and institutional investors failed to come to the party.
In its statement last night, APA said it "wishes Qantas every success for the future".
The reverberations of the shock result will be felt at Qantas headquarters where the positions of chairman Margaret Jackson, chief executive Geoff Dixon and the entire Qantas board are now in doubt.
Mrs Jackson and Mr Dixon both supported the deal when it was launched in December and repeatedly urged shareholders to accept the offer.
In its statement, APA paid tribute to Mrs Jackson and the Qantas board.
"Qantas is an outstanding organisation with a first rate management team and board," it said. "APA understands that the bid process has been challenging for many of those involved and thanks Qantas management, board and employees for their professionalism during the process."
Qantas shareholders had until 7pm last night to accept APA's $5.45-a-share offer.
The consortium spent yesterday making desperate phone calls to get acceptances over the crucial 50 per cent level.
Jetstar chief executive Alan Joyce was one of the latecomers, selling his 67,000 Qantas shares but it was not enough.
Yesterday morning the Macquarie-led consortium had 36 per cent of acceptances, up 3 per cent on its last update.
However hedge funds and institutional investors failed to come to the party.
The directors of a company are appointed and very generously paid (on an hourly basis) to act in the interests of the company (which has generally been held to mean the interests of the shareholders). However, during their enthusiastic endorsement of the private equity bid, Jackson, and her fellow directors, didn’t appear to be overly concerned about Qantas shareholders.
As The SMH’s leading business writer, Kate Askew, noted:
As The SMH’s leading business writer, Kate Askew, noted:
…from the moment the image of a beaming Jackson locked in an embrace with the key proponents of the private equity grab for Qantas was flashed across television screens and newspapers last December, the same question was asked: in whose interest was the chairman of Qantas acting?
Last edited by TIMA9X; 7th Oct 2011 at 17:05.
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Have aread of this SMH article .The predictable puff piece from the complicit mainstream media looking after their big end of town buddies when they are in trouble.Folks ,these media whores are part of the problem not the solution.
Couldn't help himself could he?
The well-publicised pay jump to $5 million, he argues, is not all it seems when share vesting mechanisms are taken into account. The take home element is ''just over'' $3 million. ''Per hours worked, I am not the highest paid employee in the company, the A380 captains are''.
Couldn't help himself could he?
The well-publicised pay jump to $5 million, he argues, is not all it seems when share vesting mechanisms are taken into account. The take home element is ''just over'' $3 million. ''Per hours worked, I am not the highest paid employee in the company, the A380 captains are''.
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Given
''I really do want to focus on this for as long as the board and shareholders are comfortable with me doing it. Given my age, hopefully that's for a long time.''
''I really do want to focus on this for as long as the board and shareholders are comfortable with me doing it. Given my age, hopefully that's for a long time.''
and
''Per hours worked, I am not the highest paid employee in the company, the A380 captains are."
I think I just vomitted in my mouth a little bit.
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''Per hours worked, I am not the highest paid employee in the company, the A380 captains are."
Is he trying to piss off his staff, or does it just come naturally to him? This could only be true if he only counts flying hours as time worked. True or not he appears not to want to engage with staff.
Nasty piece of work.
Is he trying to piss off his staff, or does it just come naturally to him? This could only be true if he only counts flying hours as time worked. True or not he appears not to want to engage with staff.
Nasty piece of work.
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What about this spin ?
He wants to slash 1000 jobs from the mainland, and venture into two new projects, one a low-cost offshoot based in Japan and another ''premium service'' based in south-east Asia.
The mainland???? Why not call it Australia? You know the place where Qantas was founded and the place it is supposed (according to the Qantas Sale Act) be based. Since when was it referred to as the mainland? Does this exclude Tasmania or something?
No we mustn't put "Australia" in the same sentence as "slash 1000 jobs from".
Too much negative connotation in that line.Wouldn't fit in with the "What a great little new Aussie is Alan Joyce" tone of this paid QF management advertisement would it.
Read more: Staying the course
He wants to slash 1000 jobs from the mainland, and venture into two new projects, one a low-cost offshoot based in Japan and another ''premium service'' based in south-east Asia.
The mainland???? Why not call it Australia? You know the place where Qantas was founded and the place it is supposed (according to the Qantas Sale Act) be based. Since when was it referred to as the mainland? Does this exclude Tasmania or something?
No we mustn't put "Australia" in the same sentence as "slash 1000 jobs from".
Too much negative connotation in that line.Wouldn't fit in with the "What a great little new Aussie is Alan Joyce" tone of this paid QF management advertisement would it.
Read more: Staying the course
''Per hours worked, I am not the highest paid employee in the company, the A380 captains are."
Is he trying to piss off his staff, or does it just come naturally to him? This could only be true if he only counts flying hours as time worked. True or not he appears not to want to engage with staff.
Nasty piece of work.
Is he trying to piss off his staff, or does it just come naturally to him? This could only be true if he only counts flying hours as time worked. True or not he appears not to want to engage with staff.
Nasty piece of work.
AJ is doing nothing to resolve matters - very clear he is trying to inflame the situation. He is inflaming staff, customers, shareholders and pretty much every Australian. So remind me again who is AJ acting/working for??
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$3m/year = $57,692/week, not allowing for any annual leave.
At 84 hours worked per week (7 x 12 hours days), AJ's hourly rate = $686.
A380 captain hourly rate is something like $255?
At 84 hours worked per week (7 x 12 hours days), AJ's hourly rate = $686.
A380 captain hourly rate is something like $255?
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.........it emerges that the move to a ''more Mediterranean diet'' came after a prostatectomy earlier this year. It was picked up almost by chance. A senior executive had left the company suffering what everyone thought was stress and was diagnosed with a thyroid problem. Joyce decided to launch a program of health checks for all senior staff, volunteering himself first.
What about a program of health checks for all staff ? Are they not deserving of a program of heath checks ? Nope . This is reserved for senior executives only, starting with himself.
Read more: Staying the course
What about a program of health checks for all staff ? Are they not deserving of a program of heath checks ? Nope . This is reserved for senior executives only, starting with himself.
Read more: Staying the course
Last edited by simsalabim; 7th Oct 2011 at 23:59.
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Not only has he deliberately singled out the A380 drivers in a very dubious manner, but he seems to have flagged his intentions for the next battle if his form is any guide.
A380's to Japan, Uzbekistan, Russia, NZ, Singapore could be anywhere really.
This will kill off Int mainline completely.
Can someone please deal with him and this Board PLEASE.
A380's to Japan, Uzbekistan, Russia, NZ, Singapore could be anywhere really.
This will kill off Int mainline completely.
Can someone please deal with him and this Board PLEASE.
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"With a clear bill of health, he has since become an avid champion of early screening, throwing the might of Qantas behind the prostate cancer foundation.
Ordinary mortals might pause and take stock after a near miss like that, but the effect on Joyce has been the opposite"
No! Alan is not a "ordinary mortal" . He is a superman according to the puff piece journalist. How could we be foolish enough to think he was mere mortal ?
Read more: Staying the course
Ordinary mortals might pause and take stock after a near miss like that, but the effect on Joyce has been the opposite"
No! Alan is not a "ordinary mortal" . He is a superman according to the puff piece journalist. How could we be foolish enough to think he was mere mortal ?
Read more: Staying the course
. How can fools like this become the CEO of our once great airline. I think a employee mutiny is in order!
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'Per hours worked, I am not the highest paid employee in the company, the A380 captains are''.
A pilot as CEO? Well, they know about leadership. The aircraft and crew go where the captain directs it. Willingly. There's no "Do as I say, not as I do" on the flight deck. Captains lead by example, they take the passengers and crew with them, and they arrive at the destination together. Why? Because they have utmost faith in the captain's skill, experience and decision-making capabilities. Captains take responsibility for their errors and actively work to share those errors to prevent others making them. They don't allow mistakes to keep repeating every decade or so as a new tranche of F/Os come through with the latest theory from flight school - one that differs little from the tried and failed theory of a decade past. The fundamental laws of aerodynamics do not change, and the Civil Aviation Regulations are written in the blood and tears of hard-earned experience. There is no getting clever with lift, thrust, weight and drag, weather, pay-loads vs fuel-loads or alternate airports. The same is true of good leadership and business management. Forget all the seasonal, trendy, frilly add-ons. The core attributes of successful and respected leaders have been constant since the time of the Pharaohs. These attributes are found in every captain.
A pilot as head of "People"? Their stock-in-trade is crew resource management. Think about that phrase for a moment: "CREW" implies teamwork; "RESOURCE" implies that every single member of the crew has something important to add; "MANAGEMENT" implies making and acting on decisions to best ulitise the resources each crew member provides, not writing them off as rogues and kamikazes. Someone misbehaves? Hit them with a truncheon with due force to subdue the threat, handcuff them to the seat and hand them to the Police on arrival. No matter who the offender is. "Officer, this man's actions (insert appropriate choice from below here) endangered the aircraft".
Choices: cartel behaviour; erosion of shareholder value; failing to pay a dividend; poor fleet, route and timing decisions; failed outsourcing initiatives; giving away routes; creative accountancy etc etc etc.
A pilot as CFO? When a pilot works out his weight and balance and fuel required for a mission, there is only one correct answer. A pilot gets paid when he safely lands the aircraft. The passengers safely land with him. He doesn't operate in a little module called "underlying profits" that is completely detached from the reality of the main hull called "shareholder returns" - where his bonus is based on safely landing the little module and to hell with the flaming wreck of the main hull.
And as far as adequate recompense, "per hours work" are weasel words. A captain is not a brickie. He is a highly trained, highly experienced individual who brings a helluva lot more to the equation than "hours worked". A captain has to make his decisions in the blink of an eye at 30,000 feet and 1,000km/h in a pressurised metal and composite tube consisting of over a million sub-components assembled into numerous systems operating in harmony to keep said tube in the air and his passengers and crew alive. He usually makes his decisions in consultation with one other person of lesser experience but a part of the team all the same. And he has to make the RIGHT decision EVERY time. Where do you get to make your decisions? A plush office surrounded by "the best"(
) advice of your executive team. You get to go home and sleep on your decisions. Your poor decisions don't result in your own death and those of your 400 or more passengers and crew. The consequences for you are you receive $3 million instead of $5.1 million. You'll merely be forgotten as a mediocrity or remembered for the wrong reasons if your decisions are particularly poor. Poor you if you f*ck it up.We the staff will follow the right leader to hell and back. A leader who shows respect, compassion and understanding for his people. A leader who recognises and takes responsibility for the poor decisions of the past, even if those decisions were not his own. A leader who acts in the best interests of ALL employees. A leader with the force of personality to convince others of the rightness of his decisions, and to bring others with him on the journey. A leader who treats all people equally, not based on their position in the hierarchy. Guaranteed if I drove drunk on the tarmac and racially abused a colleague, or bashed on my manager's door late at night to hand-deliver the latest notice of PIA... I'd be out on my ear. Not in this man's Qantas.
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"Joyce....eats sparingly: calamari and John Dory fillets, no bread, no potatoes, no wine. When the strawberries turn up, he holds the cream, and the meal is finished with herbal tea.....On further prodding, it emerges that the move to a ''more Mediterranean diet'' came after a prostatectomy earlier this year"
This doesn't look like part of any Mediterranean Diet to me .
This doesn't look like part of any Mediterranean Diet to me .
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" as long as the board and shareholders are comfortable with me doing it"
Well then, that is easily fixed isn't it.
Lets call time please and let him go back to wherever he came from.
Any CEO who wants to alienate his entire workforce has no place in any company.
It beggars belief that this folly continues in the way that it is unfolding and his half veiled inferences about A380 Captains shows there is no end in sight to the delusion.
Well then, that is easily fixed isn't it.
Lets call time please and let him go back to wherever he came from.
Any CEO who wants to alienate his entire workforce has no place in any company.
It beggars belief that this folly continues in the way that it is unfolding and his half veiled inferences about A380 Captains shows there is no end in sight to the delusion.
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Using that dodgy calculator again - matematical genius shouldn't need one to prove those figures slightly improbable.
I think that they know public support for the CEO is dire and want to improve his image before the upcoming AGM.
Last edited by Ngineer; 8th Oct 2011 at 02:46.
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''At an early stage, she showed me the power of the mentor, and I have been lucky enough all the way through my career to have that, and I'm doing it myself now.''
From the SMH, you've got to be joking aren't you!
From the SMH, you've got to be joking aren't you!
