MERGED: Alan's still not happy......
Alan, I think they might be talking about you...
http://m.smh.com.au/business/investors-break-up-with-narcissistic-ceos-20140219-32zoq.html
http://m.smh.com.au/business/investors-break-up-with-narcissistic-ceos-20140219-32zoq.html
Join Date: Sep 2009
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It really is a shame that everyone would love to see QANTAS run as a successful, competitive airline, except for the scum that call the shots. Joyce isn't just destroying QF, but the entire industry in Australia.
Thanks for your efforts mate but time to go home now.
Thanks for your efforts mate but time to go home now.
Join Date: Jul 2011
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Wrong again Sunfish! I like many other Qantas employees do not feel that we should get special consideration.
We are just unfortunate passengers on a runaway train, being driven by a raving lunatic Irish git, destined to crash in spectacular fashion! We've not been given any real voice to influence our destiny.
Seniority in the airline business is a sharp double edged sword. It's not that easy to simply up and go and change Company's, (and often start again at the bottom) when you have family! Outside of Aviation, in a lot of jobs, if you don't like your boss or the Company's direction you can move to a different company without losing too much if at all!
I reiterate again, there are a hell of a lot of good people in Qantas that deserve better than AJ and LC. The Australian travelling public deserve better too! We hate what Qantas has become and would gladly work with management constructively to make Qantas better. Sadly AJ's style is not consultive!
We are just unfortunate passengers on a runaway train, being driven by a raving lunatic Irish git, destined to crash in spectacular fashion! We've not been given any real voice to influence our destiny.
Seniority in the airline business is a sharp double edged sword. It's not that easy to simply up and go and change Company's, (and often start again at the bottom) when you have family! Outside of Aviation, in a lot of jobs, if you don't like your boss or the Company's direction you can move to a different company without losing too much if at all!
I reiterate again, there are a hell of a lot of good people in Qantas that deserve better than AJ and LC. The Australian travelling public deserve better too! We hate what Qantas has become and would gladly work with management constructively to make Qantas better. Sadly AJ's style is not consultive!
Qantas AGM Video 18th October 2013 - Audio Version mp3
Transcript: address by Chairman Leigh Clifford Transcript: address by CEO Alan Joyce
In the Chairman's own words on the 18th October 2013:
Chief Executive Officer Alan Joyce at the same meeting:
Wow, what changed between then and now? Its worth downloading and reflection on how the turn-around was on track just a few short months ago, in their own words, now its not. I'm sure Leigh, Alan, Tony and Joe hope this video disappears, never to see the light of day, so make sure you download a copy.
Transcript: address by Chairman Leigh Clifford Transcript: address by CEO Alan Joyce
In the Chairman's own words on the 18th October 2013:
Originally Posted by Leigh Clifford
Qantas Domestic, Jetstar and Qantas Loyalty were all profitable. And the turnaround of Qantas International is on track, with losses cut in half during the year.
The Group’s progress was marked by a number of important achievements.
A major new partnership between Qantas and Emirates.
Strong earnings in the competitive domestic market.
The Group’s progress was marked by a number of important achievements.
A major new partnership between Qantas and Emirates.
Strong earnings in the competitive domestic market.
Chief Executive Officer Alan Joyce at the same meeting:
Originally Posted by Alan Joyce
We are working on all fronts to build a stronger Qantas Group – one that can grow and succeed in the 21st century aviation industry.
We have a clear strategy to strengthen our domestic business; turn around Qantas International; build Jetstar in Asia; and broaden Qantas Loyalty.
This strategy is delivering results – though there is still a long way to go.
We can reflect with satisfaction on the Group’s achievements in financial year 2013.
We have a clear strategy to strengthen our domestic business; turn around Qantas International; build Jetstar in Asia; and broaden Qantas Loyalty.
This strategy is delivering results – though there is still a long way to go.
We can reflect with satisfaction on the Group’s achievements in financial year 2013.
Qantas AGM Video 18th October 2013 - Audio Version mp3
Transcript: address by Chairman Leigh Clifford Transcript: address by CEO Alan Joyce
In the Chairman's own words on the 18th October 2013:
Chief Executive Officer Alan Joyce at the same meeting:
Wow, what changed between then and now? Its worth downloading and reflection on how the turn-around was on track just a few short months ago, in their own words, now its not. I'm sure Leigh, Alan, Tony and Joe hope this video disappears, never to see the light of day, so make sure you download a copy.
Transcript: address by Chairman Leigh Clifford Transcript: address by CEO Alan Joyce
In the Chairman's own words on the 18th October 2013:
Originally Posted by Leigh Clifford
Qantas Domestic, Jetstar and Qantas Loyalty were all profitable. And the turnaround of Qantas International is on track, with losses cut in half during the year.
The Group’s progress was marked by a number of important achievements.
A major new partnership between Qantas and Emirates.
Strong earnings in the competitive domestic market.
The Group’s progress was marked by a number of important achievements.
A major new partnership between Qantas and Emirates.
Strong earnings in the competitive domestic market.
Chief Executive Officer Alan Joyce at the same meeting:
Originally Posted by Alan Joyce
We are working on all fronts to build a stronger Qantas Group – one that can grow and succeed in the 21st century aviation industry.
We have a clear strategy to strengthen our domestic business; turn around Qantas International; build Jetstar in Asia; and broaden Qantas Loyalty.
This strategy is delivering results – though there is still a long way to go.
We can reflect with satisfaction on the Group’s achievements in financial year 2013.
We have a clear strategy to strengthen our domestic business; turn around Qantas International; build Jetstar in Asia; and broaden Qantas Loyalty.
This strategy is delivering results – though there is still a long way to go.
We can reflect with satisfaction on the Group’s achievements in financial year 2013.
This is part of the problem, Qantas employees someohow feel that they are entitled to special treatment merely because they work for Qantas.
Apart from the obvious, kick AJ and the Board out, what do u want?
Do you feel that QANTAS still deserves specific treatment by the Federal Govt in the form of a debt guarantee for QANTAS only? Do you want to see the QSA gone?
Do you want the Fed to re-nationalise QANTAS?
I feel for you.. but there are also a $hite load of great people over at Virgin too that are caught in the middle of this.
And the other thing I can't work out, is so what, they get a debt guarantee, so then what, whos going to lend them money regardless of it being sovereign backed debt without a change in leadership. If the QANTAS board get more money, I can't see how anything will change when they're not doing anything different. Won't this just delay the inevitable?
Join Date: Jul 2011
Location: Tasmania
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Yes AJ and the board gone. Someone at the helm that knows what they are doing and has a vision for Qantas that is not the current Jetstar 'Asian' lunacy that is bankrupting Qantas. I.e. Aircraft sitting idle in Asia, haemorrhaging $.
No Government debt guarantee, no special treatment.
Some B 777's or the 787's to Qantas. Fuel is our biggest expense!
Give the punter's what they pay for. Stop short changing them.
No Government debt guarantee, no special treatment.
Some B 777's or the 787's to Qantas. Fuel is our biggest expense!
Give the punter's what they pay for. Stop short changing them.
The question of why shareholders are willing to sit around and watch this happen has never been adequately answered.
'Conspiracies' aside - do shareholders really want to sit back and watch their investments 'tank'?
Serious question.
'Conspiracies' aside - do shareholders really want to sit back and watch their investments 'tank'?
Serious question.
short flights long nights
Oriana, have been asking the same question for months, no one seems to know the answer.
Two reasons become apparent:
a) They want to believe their national carrier will recover.
b) Joyce has successfully convinced them that HE is the victim and the unions, the government restrictions and the pilots/engineers are the ones standing in his way. And that once he overcomes those drawbacks, prosperity is just around the corner.
Hope is a powerful thing!
a) They want to believe their national carrier will recover.
b) Joyce has successfully convinced them that HE is the victim and the unions, the government restrictions and the pilots/engineers are the ones standing in his way. And that once he overcomes those drawbacks, prosperity is just around the corner.
Hope is a powerful thing!
That wasn't meant to be a conspiracy either. Share holders have only one side of the story, backed by the CEO and the current government.
As they say: "Buy the rumour, sell the fact" and The facts are still not public.
As they say: "Buy the rumour, sell the fact" and The facts are still not public.
Thanks for the input.
However, 'Hope' vs 'Money'??
One would imagine that if the share price is falling, you sell out of it. I'm not stock marketeer or expert, but that hasn't seemed to have happened so far.
However, 'Hope' vs 'Money'??
One would imagine that if the share price is falling, you sell out of it. I'm not stock marketeer or expert, but that hasn't seemed to have happened so far.
Join Date: Jul 2006
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I'm totally opposed to any form of debt guarantee for Qantas.
Unless of course it's a debt gaurantee to allow them to convert the 787 options to orders and the airframes going to mainline.
In which case, I fully support the debt gaurantee.
MC
Unless of course it's a debt gaurantee to allow them to convert the 787 options to orders and the airframes going to mainline.
In which case, I fully support the debt gaurantee.
MC
Before we jump up and down over a debt guarantee. Can we first learn how it would work? I'm sure plenty here don't know and neither do I.
The government has said a limited debt guarantee, so does that mean Qantas would issue a limited amount of bonds that are government backed? What is the amount? $500m, $1b, $2b? What?
How would a limited debt guarantee change the credit rating?
Remember the government was on the hook for about $1 trillion for the bank and other debt guarantees during the GFC, so I think a limited Qantas debt guarantee would be a pittance compared to that.
The government has said a limited debt guarantee, so does that mean Qantas would issue a limited amount of bonds that are government backed? What is the amount? $500m, $1b, $2b? What?
How would a limited debt guarantee change the credit rating?
Remember the government was on the hook for about $1 trillion for the bank and other debt guarantees during the GFC, so I think a limited Qantas debt guarantee would be a pittance compared to that.
Join Date: Aug 2011
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More importantly a limited debt guarantee would possibly avoid the need for a full financial due diligence. The obvious question is what are these guys hiding (Let alone what is the benefit) if it eventuates. Seems this is more intended as a political maneuver if this is the outcome (cover their ass by limiting risk while publicly seeming to do something).
Any govt intervention/support/guarantee means FULL FORENSIC ACCOUNTING of all businesses.
As has been the case for the last 5-10 years no-one except a very precious few know any facts about the financial strengths of the business. Give me something I trust, I'd take a 20% cut. As sure as god/Allah made little apples it will never happen.
PS: ipad insisted on capital A for Allah, but was very happy with lower case 'g'. Hmmmmmm....
As has been the case for the last 5-10 years no-one except a very precious few know any facts about the financial strengths of the business. Give me something I trust, I'd take a 20% cut. As sure as god/Allah made little apples it will never happen.
PS: ipad insisted on capital A for Allah, but was very happy with lower case 'g'. Hmmmmmm....
