Qantas' - senior executives face scrutiny
Thread Starter
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
Qantas' - senior executives face scrutiny
Unusual but interesting story finds (leaked?) its way into the business press today, which I find worth posting considering August is fast approaching us, reporting season.
my bold
Qantas has hired high-level consultants to run the ruler over its senior executive team, including assessing the performance since the split of the airline's domestic and international flying operations.
BusinessDay has learnt that the consultants have been meeting the airline's senior executives for several weeks as part of an overview of the company.
Read more: Qantas' senior executives face scrutiny
BusinessDay has learnt that the consultants have been meeting the airline's senior executives for several weeks as part of an overview of the company.
Read more: Qantas' senior executives face scrutiny
Sources said the latest hiring of consultants was not about succession planning, despite Qantas chief executive Alan Joyce being set to notch up five years in the top job in November. ''[But] everybody in the organisation is wondering what this consultancy group is going to come up with,'' one said.
The airline has hired consultants regularly in the past - most notably Bain & Company - but this time it is believed to have brought in consultants from another firm to look at the airline's structure. Qantas has had a long association with Bain. Jetstar chief executive Jayne Hrdlicka was a former senior partner at Bain and advised Qantas before she joined the airline in 2010.
Read more: Qantas' senior executives face scrutiny
The airline has hired consultants regularly in the past - most notably Bain & Company - but this time it is believed to have brought in consultants from another firm to look at the airline's structure. Qantas has had a long association with Bain. Jetstar chief executive Jayne Hrdlicka was a former senior partner at Bain and advised Qantas before she joined the airline in 2010.
Read more: Qantas' senior executives face scrutiny
Join Date: Aug 2011
Location: goulburn
Posts: 393
Likes: 0
Received 0 Likes
on
0 Posts
OH dear....... here come the next round of salary increases and bloated Executive bonus schemes and all based on "independent" advice.
No doubt based on industry trends of top performers who QF once emulated but which are now long gone.
History makes us well justified in being cynical with this lot.
No doubt based on industry trends of top performers who QF once emulated but which are now long gone.
History makes us well justified in being cynical with this lot.
Shirley (surely) we are not surprised about this, this sort of thing goes on in the big business world all the time. They bring in consultants, find some changes that would make the management look good, (usually a good sacking policy) then all pat themselves on the back & live happily ever after, usually at the expense of the employes!!!
These people live in a different world, much like lawyers etc of that ilk.
Am surprised this thread is still running, the Mods must be again asleep at the wheel
Wmk2
These people live in a different world, much like lawyers etc of that ilk.
Am surprised this thread is still running, the Mods must be again asleep at the wheel
Wmk2
Thread Starter
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
Am surprised this thread is still running, the Mods must be again asleep at the wheel
Moderator
"Am surprised this thread is still running, the Mods must be again asleep at the wheel"
Join Date: Mar 2006
Location: Melbourne
Posts: 472
Likes: 0
Received 0 Likes
on
0 Posts
Qantas senior executives under scrutiny?
I think not !!
How can Joyce scrutinize anyone when HE and his mates on the board are the problem?
The matter is absurd to say the least and a COMPLETE waste of the shareholders money.
Is it too much for the board to accept the blame for the lack of return to shareholders? Not if they can get away with it, and you can be sure that the bar will be set very low for these tossers, if at all.
I think not !!
How can Joyce scrutinize anyone when HE and his mates on the board are the problem?
The matter is absurd to say the least and a COMPLETE waste of the shareholders money.
Is it too much for the board to accept the blame for the lack of return to shareholders? Not if they can get away with it, and you can be sure that the bar will be set very low for these tossers, if at all.
Thread Starter
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
Interesting take on the matter from Ben Sandilands, Qantas calls in more consultants, but to what end? | Plane Talking
Possibly the ambulance has arrived now seeking the chaser... 
There are some burning questions leaping off the page on today’s very interesting Fairfax story on Qantas calling in consultants, again.
One is why would any senior executive at Qantas take two month’s leave, as is reported to be the case with Simon Hickey, the first CEO of the newly formed independently managed Qantas international division.
Yes, there can be really serious issues in private lives. But when or if they arise they usually require a resignation, not prolonged leave.
This is because of the nature of the position, the need for continuity of leadership, and this very crucial stage on the Qantas story post the Emirates partnership starting, which is a wide ranging restructuring of Qantas international and all of the on going decisions that will be needed to get the best synergies from the new arrangement.
Qantas is an enterprise that has ceased to pay dividends and has an utterly trashed share price. It has been filing some very sobering traffic reports with the ASX in recent months suggesting that it has been wounded by engaging in a capacity war, as well as the acknowledged pressure that competition has placed on yields, and it has even extended that observation to its Jetstar operations.
Management is responsible for what happens to this company, and it is a moot point that calling in consultants would be of value if all that they do is point to management failings, which are self evident from the share price and the traffic reports .
For those impatient for Qantas to exercise its options on Boeing 787-9s, which can be delivered from 2016 on should they be exercised in a timely manner, these are worrying signs
One is why would any senior executive at Qantas take two month’s leave, as is reported to be the case with Simon Hickey, the first CEO of the newly formed independently managed Qantas international division.
Yes, there can be really serious issues in private lives. But when or if they arise they usually require a resignation, not prolonged leave.
This is because of the nature of the position, the need for continuity of leadership, and this very crucial stage on the Qantas story post the Emirates partnership starting, which is a wide ranging restructuring of Qantas international and all of the on going decisions that will be needed to get the best synergies from the new arrangement.
Qantas is an enterprise that has ceased to pay dividends and has an utterly trashed share price. It has been filing some very sobering traffic reports with the ASX in recent months suggesting that it has been wounded by engaging in a capacity war, as well as the acknowledged pressure that competition has placed on yields, and it has even extended that observation to its Jetstar operations.
Management is responsible for what happens to this company, and it is a moot point that calling in consultants would be of value if all that they do is point to management failings, which are self evident from the share price and the traffic reports .
For those impatient for Qantas to exercise its options on Boeing 787-9s, which can be delivered from 2016 on should they be exercised in a timely manner, these are worrying signs
Jack Ranga:
Quite often consultants are brought in to provide the reasons to fire people that senior management have already targetted. That way the boss doesn't get blood on his hands.
Having been on both sides of this game - as a Consultant and later as part of a management group being scrutinised by consultants, I can make one observation with 100% accuracy:
No useful work will be done by Qantas managers from now, until the last consultant leaves the building and the axe has dropped.
The consultants will find exactly what they are paid to find. They won't get the next gig if they 'find' anything that reflects badly on whomever brought them in.
Having been on both sides of this game - as a Consultant and later as part of a management group being scrutinised by consultants, I can make one observation with 100% accuracy:
No useful work will be done by Qantas managers from now, until the last consultant leaves the building and the axe has dropped.
Interestingly, in an internal memo, Alan is denying any consultants have been called in.
Someone's going to get shafted/boned!!
Someone's going to get shafted/boned!!
Join Date: Feb 2004
Location: Granite Belt, Australia
Posts: 841
Likes: 0
Received 0 Likes
on
0 Posts
I'm still a believer of Sunfish's theory of a (now not so stealthy) QF takeover by Emirates... so is this the way that someone high up in QF gets the boot and an (ex)Emirates' employee will be installed?
Last edited by Animalclub; 10th Jul 2013 at 00:53.