MERGED: Alan's still not happy......
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Booglaboy - I highly doubt it but it would truly be interesting to watch. I would give QF 6mths to live if you placed Steve in charge.
LD - Grow up. This is a big boys world, something you obviously have no grasp of.
LD - Grow up. This is a big boys world, something you obviously have no grasp of.
All some of you guys are achieving here with personal attacks is the Mods will slam this thread shut.
We all have personal opinions this site is mainly made up of such but that's it so relax guys, take a bex go lie down & watch QF self destruct, none of us here could really have any impact on QF's future despite what we say/do that was made some years ago by people in far higher places than we are every likely to see!
Wmk2
We all have personal opinions this site is mainly made up of such but that's it so relax guys, take a bex go lie down & watch QF self destruct, none of us here could really have any impact on QF's future despite what we say/do that was made some years ago by people in far higher places than we are every likely to see!
Wmk2
Or is responsibility not your gig?
I don't think there would be many reputable CEO's willing to put their hand up at the moment.
I think Joyce might get another 6-12mths to do the worst of his dirty job and then someone else will be brought in to rebuild and rally the remaining troops.
I think Joyce might get another 6-12mths to do the worst of his dirty job and then someone else will be brought in to rebuild and rally the remaining troops.
This unfolding disaster could be reversed.
The fund managers who own Qantas (on behalf of the unit holders) could very easily co-operate and facilitate an extraordinary meeting to remove the board. With everyone blaming the board and their insane myopic support of the management, the real question is why are the fund managers silent? The litany of failure, of corporate mis-judgement and of board dereliction are now well and truly on the record for all to see.
For those looking for a conspiracy, the collective inaction and impotence of the fund managers and major shareholders would be a good starting point.
Why are the corporate laws of this country structured in such a way that the actual owners of Qantas ( you, me, hard working mums and dads) can do nothing to stop these criminals from destroying the share value.
The real question is whether the fund managers themselves are complicit in this tragedy - they are the holders of all wisdom and knowledge are they not?
The fund managers who own Qantas (on behalf of the unit holders) could very easily co-operate and facilitate an extraordinary meeting to remove the board. With everyone blaming the board and their insane myopic support of the management, the real question is why are the fund managers silent? The litany of failure, of corporate mis-judgement and of board dereliction are now well and truly on the record for all to see.
For those looking for a conspiracy, the collective inaction and impotence of the fund managers and major shareholders would be a good starting point.
Why are the corporate laws of this country structured in such a way that the actual owners of Qantas ( you, me, hard working mums and dads) can do nothing to stop these criminals from destroying the share value.
The real question is whether the fund managers themselves are complicit in this tragedy - they are the holders of all wisdom and knowledge are they not?
JB was asked on Friday, "If QF asked you to come back and run it, would you do it?"
You can have the aviation management legend AJ and we can have JB back.
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Nah! What about a straight swap?
You can have the aviation management legend AJ and we can have JB back.
You can have the aviation management legend AJ and we can have JB back.
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The funny thing about all of this is that AJ's plan from the outset seems to have been based purely on either a rabid fear of 'the Unions' or a rabid hated of same. He's strategy of 'De-Unionising' Qantas is based on a bloody big gamble, and now he's gone all-in holding a 2 and an 8 off suit and his bluff has been called. The question is what happens to all the chips.
Oh, the funny bit. The unions involved in the aviation industry are probably the least militant, fair minded, right thinking unions in the country..
Oh, the funny bit. The unions involved in the aviation industry are probably the least militant, fair minded, right thinking unions in the country..
Last edited by Hempy; 2nd Mar 2014 at 07:17.
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Oh, the funny bit. The unions involved in the aviation industry are probably the least militant, fair minded, right thinking unions in the country..
N
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I don't think there would be many reputable CEO's willing to put their hand up at the moment.
AJ and his board have lost control and have ended up trashing the company and the brand. As CEO he is now the face of failure or in other words has reached his use-by date with his contretemps. He needs to fix the problem or offer his job to someone who can, but he can't and won't - what an unbelievable false reality these modern day corporate flunkies are entitled to live in.
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With the withdrawal of PER-SIN am I right to say QF only flys internationally out of BNE, SYD and MEL now? I cant think of any other routes except maybe Qlink to Moresby. If so that is not a National Carrier Status.
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"The fund managers who own Qantas (on behalf of the unit holders) could very easily co-operate and facilitate an extraordinary meeting to remove the board. With everyone blaming the board and their insane myopic support of the management, the real question is why are the fund managers silent? The litany of failure, of corporate mis-judgement and of board dereliction are now well and truly on the record for all to see."
They are silent because they agree with the Qantas board and the strategy they have implemented and it suits them to do so.
The fund managers have had THEIR meetings with their boards and have concluded that their interests are best served by allowing this debacle to continue.
I think they believe that this is an extraordinary opportunity to make some pretty decent gains from all this.
The buying and re-positioning has already begun.
They are silent because they agree with the Qantas board and the strategy they have implemented and it suits them to do so.
The fund managers have had THEIR meetings with their boards and have concluded that their interests are best served by allowing this debacle to continue.
I think they believe that this is an extraordinary opportunity to make some pretty decent gains from all this.
The buying and re-positioning has already begun.
QANTAS have followed the WW2 strategy of the "Brisbane Line". The rest of the country has been abandoned to foreign airlines and only the south east corner is being defended.
https://en.wikipedia.org/wiki/Brisbane_Line
https://en.wikipedia.org/wiki/Brisbane_Line
Nunc est bibendum
Somebody well respected for Chairman would be Angus Houston.
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The best would be Gail Kelly.( Westpac) Ralph Norris? What about a block of flats for John Borgetti? What would get that bloke back?
There's no chance of him returning to QF in the forseeable future and I'm sure he wants to see his current strategy play out to the end.
Forget the bankers (you know the saying - "Bankers are w*nkers!") And QF needs to look forward for a new CEO, not resurrect the nearly-dead of days gone by.
If Qantas wants to replace Alan Joyce, please don't let us suffer from Australia's dreaded "cultural cringe" mentality, whereby any executive from overseas (regardless of their poor track records and results) is considered to be streets ahead of Aussie managers. QF needs a CEO that all staff will respect and follow, someone with local knowledge but global experience.
Telstra's experience with American Sol Trujillo was a prime example of staff having absolutely no "buy-in" to his strategy and future planning. On a sporting note, the debacle of South Africa's Mickey Arthur taking charge of the Australian cricket team was nothing short of an embarrassment. Putting Aussie Darren Lehmann back in charge led to a huge improvement in performance and attitute.
I would want to see someone with extensive airline experience in their background - Etihad's Aussie-born James Hogan would be perfect, but unless he deperately wanted to come home and prove a point, leaving EY and joining QF would be a bit of a step backwards.
The talent pool here in Aus/NZ is pretty shallow and almost everyone has a history of working for AN/QF/VA/ANZ at some stage and would quickly surround themselves with their "mates" from a previous life. An outsider with a strongly articulated vision could work wonders for Qantas.
Are there any other experienced Aussie-born CEO/CFO's working in the airline industry Europe, Asia or North America who would be worthy contenders?