QANTAS - WHERE TO NOW?
Join Date: May 2012
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where to now?
interestingly very little coverage on this debacle all week in the mainstream media, all the networks, and sky news, seem more interested in who a labor mp might or might not have gone to bed with. Typical!
Shareholder revolt maybe? Staff revolt perhaps? We all know the managers are revolting.
Shareholder revolt maybe? Staff revolt perhaps? We all know the managers are revolting.
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I have always wondered why these people think they are worth the amounts being paid. I would be really interested to hear from one of them as to their reasoning.
Their pay and bonuses are inversely proportional to the company's earnings. In QANTAS's case, the value of the company has halved, work off-shored, people made redundant and profits have dived (due to that pesky operation called International), but AJ and Co have had massive increases in their paypackets and now duplicating management with twice the amount of people to do the same amount of work. It is apparent that management practices over the years have become so inefficient they need to employ more people to do the job. I'm astonished they didn't set up a Management Centre in Bangladesh to save some money.
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This whole pay thing started years ago with the very first CEO who was paid a million bucks and it just escalated from there as each new CEO demanded the equivalent to belong to the "club".
Then they brought in bonuses that made a big problem even worse with many variations that dressed it up in a semblance of legitimacy with short and long term incentives. Great in theory but it changed the mindset of all CEOs and Board as to how to justify paying them rather than on actual Company performance via smoke and mirrors.
The fact is they continue at obscene levels and with little relevance to actual performance except by some remote link. In the case of QF if the Board was serious they would shunt the little guy on any bonus (and his job) because of staff engagement alone, but I don't see that happening any time soon when they are the problem in the way things are happening. AJ is just playing the game to his own advantage and probably doesn't give a ****e about true personal or company values. A bit like Federal Parliament, they just don't get the damage they are doing to the institution while they try to survive.
Then they brought in bonuses that made a big problem even worse with many variations that dressed it up in a semblance of legitimacy with short and long term incentives. Great in theory but it changed the mindset of all CEOs and Board as to how to justify paying them rather than on actual Company performance via smoke and mirrors.
The fact is they continue at obscene levels and with little relevance to actual performance except by some remote link. In the case of QF if the Board was serious they would shunt the little guy on any bonus (and his job) because of staff engagement alone, but I don't see that happening any time soon when they are the problem in the way things are happening. AJ is just playing the game to his own advantage and probably doesn't give a ****e about true personal or company values. A bit like Federal Parliament, they just don't get the damage they are doing to the institution while they try to survive.
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Got It In One
It also needs a change in CEO, no airline can prosper in a service industry when the staff have the level of disrespect, disengagement and mistrust in its leader as exists in Qantas at the moment.
Last edited by Race Bannon; 24th May 2012 at 09:05.
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Well there you have it.
Jetstar to start Boeing 787 Dreamliner flights in August 2013: Melbourne-Singapore, Auckland-Singapore, Singapore-Beijing - Flights | hotels | frequent flyer | business class - Australian Business Traveller
Boeing 787 is going to Jetstar Asia.
Jetstar to start Boeing 787 Dreamliner flights in August 2013: Melbourne-Singapore, Auckland-Singapore, Singapore-Beijing - Flights | hotels | frequent flyer | business class - Australian Business Traveller
Boeing 787 is going to Jetstar Asia.
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Terrey, now now, none of that ABC stuff please 
Mainstrean Media is the Murdochracy, and all that the Liberals would like you to believe to be true.
A balance in media is to be discouraged, try posting that on an Oz politics hamster wheel and see how far you get!
Mainstrean Media is the Murdochracy, and all that the Liberals would like you to believe to be true.
A balance in media is to be discouraged, try posting that on an Oz politics hamster wheel and see how far you get!
Actually the article is retracting a Jetstar Asia giving specific dates for them to be flying it. Although there is no guarantee that Jetstar Asia is not getting them first given the debacle with putting the A330 on the Singapore register then its no longer a fait accompli.
Last edited by Lookleft; 24th May 2012 at 10:22.
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bubble.head,
That article, more than anything, shows that the 787 positioning in the QF Group is no longer what people have thought for the last few years.
Somebody operating well outside of their pay grade has released a marketing grab and then has been forced to retract it immediately.
Added to the happenings this week, another sign that the 787 will be showing up first in Mainline colours.
That article, more than anything, shows that the 787 positioning in the QF Group is no longer what people have thought for the last few years.
Somebody operating well outside of their pay grade has released a marketing grab and then has been forced to retract it immediately.
Added to the happenings this week, another sign that the 787 will be showing up first in Mainline colours.
Last edited by ramius315; 24th May 2012 at 10:33. Reason: because 'tweet' becomes 'pprune'
Or you might just waste a lot of time.
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CBD
Onward and upward … people have to be given hope, says Virgin's boss, John Borghetti.
Onward and upward … people have to be given hope, says Virgin's boss, John Borghetti. Viva la revolucion! The former Qantas henchman turned Virgin Australia chief executive, John ''Che'' Borghetti, wanted a business function in Sydney yesterday to know what side of history he was on.
''I believe in people power more than management power. If you have staff behind you, you can do anything,'' the Italian Stallion said about the spirit of comradeship at his adoptive airline.
''I suppose I'm regarded as tough, impatient, but, I think, as fair,'' he said when describing his own leadership style. He made no comparisons between himself and Qantas strongman Alan Joyce.
Borghetti said leadership was all about offering staff hope. Like being a mother or father. ''What do you try and do for your children? You try and give them hope,'' he told a Committee for Economic Development lunch. ''It is not different for a company, you have to give people hope,'' he declared.
Read more: The right staff: Che Borghetti powers up
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Joyce's response:
"I believe in crushing the life and soul out of anyone beneath me. Destroy their hope, security and livelihoods and they are yours for life. Keep them in the dark, threaten them daily and lie constantly to the media about everything is all I know. I learnt from the best, and remember if I wanted loyalty I would buy a dog, which I did, the a380"
"I believe in crushing the life and soul out of anyone beneath me. Destroy their hope, security and livelihoods and they are yours for life. Keep them in the dark, threaten them daily and lie constantly to the media about everything is all I know. I learnt from the best, and remember if I wanted loyalty I would buy a dog, which I did, the a380"
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The Truth Will Out
May 25, 2012Aviation, Headline News
The Qantas decision to split its full-service operation in two businesses (Internatonal and Domestic) and appoint a highly paid chief executive for each has come under fire from unions and some business analysts. The verdict of financial analysts has generally been more favourable.
ABC News examined the decision on its The Business program. Chief executive of the Australian Shareholders’ Association, Vas Kolesnikov, told the program Qantas was struggling and would “no doubt make a loss this year”.
A loss would be a major blow for Qantas, one of the world’s very few consistently profitable airlines. Qantas has managed to turn a profit each year for the past decade.
Full article: Qantas tipped to face looming loss as well as union anger | Global Travel Media
The Qantas decision to split its full-service operation in two businesses (Internatonal and Domestic) and appoint a highly paid chief executive for each has come under fire from unions and some business analysts. The verdict of financial analysts has generally been more favourable.ABC News examined the decision on its The Business program. Chief executive of the Australian Shareholders’ Association, Vas Kolesnikov, told the program Qantas was struggling and would “no doubt make a loss this year”.
A loss would be a major blow for Qantas, one of the world’s very few consistently profitable airlines. Qantas has managed to turn a profit each year for the past decade.
Full article: Qantas tipped to face looming loss as well as union anger | Global Travel Media
Last edited by BrandiNettIB; 25th Jun 2012 at 19:49. Reason: Quotes full text