Gregg, Dixon, Carnegie, Singo make a play on QF
Nunc est bibendum
And if you want to maintain the illusion of having a low cost carrier, you keep a few rows down the back as your 'Jetstar class' whereby they get nothing in terms of service unless they pay.
Is there a connection between the Qantas chairman and the "investors"?
its most recent action against Newcrest, GCR has challenged the validity of the grant of ML1472, which covers a third of the giant Cadia East deposit. Behind GCR is a cabal of influential mining identities including the former Rio Tinto chief Leigh Clifford, founder of Barlow Jonker Jeremy Barlow, former Glencore and Xstrata chairman Willy Strothotte, and venture capitalist Mark Carnegie.
Read more: ]Newcrest gold mine licence challenged
Read more: ]Newcrest gold mine licence challenged
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The rumour, if true, would herald a huge con by this group.
To be seen like white knights riding in to the rescue and buy up shares is just too bizarre.
To take a significant shareholding position in order to change the direction in which Qantas is going is strange.
These guys don't usually invest a lot of money in a high risk strategy like this, and the only reason I can see that they would do this on this occasion is to sell down these shares at later date to take profits.
Of course this not illegal, but certainly unethical if you have conned people into thinking that the company is now on track for better times and future dividends.
Good news no doubt for long suffering shareholders.
The tricky part might be in acquiring shares at a nice low price as a package, but wait... Qantas has been buying back a tidy $100 million of shares and I wonder if there would be an off market transaction.
Hmmmmm.....
To be seen like white knights riding in to the rescue and buy up shares is just too bizarre.
To take a significant shareholding position in order to change the direction in which Qantas is going is strange.
These guys don't usually invest a lot of money in a high risk strategy like this, and the only reason I can see that they would do this on this occasion is to sell down these shares at later date to take profits.
Of course this not illegal, but certainly unethical if you have conned people into thinking that the company is now on track for better times and future dividends.
Good news no doubt for long suffering shareholders.
The tricky part might be in acquiring shares at a nice low price as a package, but wait... Qantas has been buying back a tidy $100 million of shares and I wonder if there would be an off market transaction.
Hmmmmm.....
And if you want to maintain the illusion of having a low cost carrier, you keep a few rows down the back as your 'Jetstar class' whereby they get nothing in terms of service unless they pay.
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I think the staff are hanging on to any rumour like this and running with it.
I think there will be tears of joy if true, but the company may be so far up **** creek that even if true it will be a small moment of joy on the inevitable train smash set in motion a long time ago.
....anyway as much as I'd love it to be true, somehow I doubt it is.
I think there will be tears of joy if true, but the company may be so far up **** creek that even if true it will be a small moment of joy on the inevitable train smash set in motion a long time ago.
....anyway as much as I'd love it to be true, somehow I doubt it is.
Nunc est bibendum
Selling frequent flyers is not good for our business, just a quick way of pocketing some cash.
Thread Starter
This is starting to sound like the movie 'Wall Street'. Except in this case it isn't pension funds but the cash that QF has on hand. Can't remember the figure but QF has tonnes of cash just lying around for a rainy day. That plus a few spin-offs are probably where Dixon et al are looking whilst playing the white knight card to the staff.
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Is the purpose of the Board and CEO to serve each and every shareholder equally?
It gets much more tricky with different shareholder classes and changes that may alter their effectiveness but that is not so much a day to day issue.
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The things I remember most clearly about Gregg's tenure as CFO was how he got his ugly mug on the Teevee on a daily basis during the 2008 stoush with the LAME's. He was at pains to let the travelling public know that LAME's "weren't exactly the working poor" - when, clearly, we should be - and that we were making "a grab for cash" - all the while, pulling a massive salary out of the place himself... I can't wait to see him back in the joint 
And Dicko, well, we remember this little stunt...
Qantas cops pay backlash
Oops, I tell a lie... It was Brown, the HR boss, that made the 'working poor' crack, not Gregg.
And Dicko, well, we remember this little stunt...
Qantas cops pay backlash
Oops, I tell a lie... It was Brown, the HR boss, that made the 'working poor' crack, not Gregg.
Last edited by Dunnocks; 20th Nov 2012 at 02:10.
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Back to the Future
Crikey things must be grim if the prospect of Dixon making a return is seen as an improvement.
Quote from Singo:
Quote from Singo:
Mr Singleton told Fairfax Media that, due to an overseas trip, he was unaware of takeover talk.
However, he stood by claims the airline has made recent management errors, including retaining Alan Joyce as chief executive.
''Who wouldn't be interested [in Qantas]?'' he told Fairfax. ''There is $3 billion in cash sitting in the bloody thing.''
However, he stood by claims the airline has made recent management errors, including retaining Alan Joyce as chief executive.
''Who wouldn't be interested [in Qantas]?'' he told Fairfax. ''There is $3 billion in cash sitting in the bloody thing.''
Last edited by Taildragger67; 20th Nov 2012 at 03:26.
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To be fair to Dixon... and this is through gritted teeth.... I don't think he ever envisaged the the situation we have today where QF International is being starved of investment to pay for Jetstar Asia and Jetstar International.
I think he may get some influence again, and this will be solely to line his own pockets, but if as a consequence Qantas gets back to being Qantas again, I won't whinge too much.
I think he may get some influence again, and this will be solely to line his own pockets, but if as a consequence Qantas gets back to being Qantas again, I won't whinge too much.
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Sometimes D&G is pure gold
If I had the money, I would be buying QF like there was no tomorrow.
A management clean out is inevitable with a return to focus on looking after the staff and passengers.
There is, for the moment, maybe, just enough left of what made it a great Australian carrier.
But not for long.
BTW posters congratulations on keeping this thread a and gratuitous reviler free zone. 
A management clean out is inevitable with a return to focus on looking after the staff and passengers.
There is, for the moment, maybe, just enough left of what made it a great Australian carrier.
But not for long.
BTW posters congratulations on keeping this thread a
and gratuitous reviler free zone.
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Gregg, Dixon, Carnegie, Singo make a play on QF
Considering two of the alleged participants have no knowledge of it and the rest haven't said a word, I smell a big stinking red rat behind this story...
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@ Kapt Kremin
It was Dixon that formed Jetstar through Orange Star Holdings in Asia. He together with Jackson. It was also he that said Jetstar won't cannibalise QANTAS routes and it was under him that Jetstar commenced cannibalising QANTAS routes.
Dixon almost climaxed with Jackson when they announced the sale of QANTAS back in '06 and gave that all so famous hug to each other. Why wouldn't they? They stood to gain almost $200million between the board, and retain their positions in the private company who then had no one to answer to, and gut the company the way they wanted. Dixon is likely to come back only to finish what he started.
To be fair to Dixon... and this is through gritted teeth.... I don't think he ever envisaged the the situation we have today where QF International is being starved of investment to pay for Jetstar Asia and Jetstar International.
Dixon almost climaxed with Jackson when they announced the sale of QANTAS back in '06 and gave that all so famous hug to each other. Why wouldn't they? They stood to gain almost $200million between the board, and retain their positions in the private company who then had no one to answer to, and gut the company the way they wanted. Dixon is likely to come back only to finish what he started.
