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Joyce ‘retires’ early 👍

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Joyce ‘retires’ early 👍

Old 5th Sep 2023, 10:40
  #61 (permalink)  
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Originally Posted by Ollie Onion
I am sure he will sleep soundly with the $100 million plus he has taken in wages, bonuses and shares. I have never worked for someone who so openly sees his highly skilled people as a total drag on the company and sees them as a cost cutting area where his bottom line can be improved.
He will struggle to enjoy being Alan right now. He will be living with the fear of legal action curtailing his freedom. I wouldn’t want to be Alan. The hundred million you speak of is about as secure as unpaid taxes until he’s exonerated.
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Old 5th Sep 2023, 10:58
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He will struggle to enjoy being Alan right now. He will be living with the fear of legal action curtailing his freedom. I wouldn’t want to be Alan. The hundred million you speak of is about as secure as unpaid taxes until he’s exonerated.
You are kidding right? If you think Joyce will do time, if you think he will face charges as an individual, if you think he will face any financial penalty then you live in a fantasy land.

The bloke is a psychopath, he just doesn't care. He couldn't care less what any of you think, if he were to read this thread he would laugh.
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Old 5th Sep 2023, 11:04
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Originally Posted by Mr Mossberg
You are kidding right? If you think Joyce will do time, if you think he will face charges as an individual, if you think he will face any financial penalty then you live in a fantasy land.

The bloke is a psychopath, he just doesn't care. He couldn't care less what any of you think, if he were to read this thread he would laugh.
Go on, list his (legitimate) friends in high places or his legal defence. I feel your frustration but he’ll face the music.
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Old 5th Sep 2023, 11:16
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Mate, I am so NOT frustrated. I learned pretty early in the piece that people don't get what they deserve in life, good or bad. And there's no point hoping every waking hour that turds like Joyce get whats coming to them. It simply won't happen, he walks away a very wealthy person because he literally was the smartest person in any room he was in.

It's the way the law is in Australia, white collar crime prosecutions are rare and when it does happen it's slap on the wrist stuff. The best anyone can hope for is that he spends a **** tonne of money on legal fees pre-emptively trying to head off trouble.
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Old 5th Sep 2023, 11:28
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His defence to what charges, precisely?
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Old 5th Sep 2023, 11:52
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White collar crime in the States of Australia very rarely get anything but a hefty fine. Do some googling, maybe even an old QF one.

I still stand behind what I said in other posts, how can the CFO now CEO be taken seriously?

QF marketing need to get a move on and fast!
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Old 5th Sep 2023, 12:47
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More gold from Joe

Joyce’s parmesan waft trumps Goyder’s humility cologne

Joe AstonColumnistSep 5, 2023 – 6.55pm

On Tuesday, veteran Qantas chief executive Alan Joyce threw himself under the Airbus, departing the airline’s Mascot bunker two months early in richly deserved ignominy.
It turns out a little microdosing can go a long way.
Qantas chairman Richard Goyder emphasised that it wasn’t the Qantas board’s decision for Joyce to leave early: it was Joyce’s own decision, even though “it goes against every one of his instincts”. The highlight of Richard Goyder’s stewardship of Coles was its Queensland pubs allowing children in its poker machine rooms. Rhett Wyman What about your instincts, Uncle Rich? Do you even have any? Oh, that’s right – you said Joyce shouldn’t leave early, that you weren’t one for “knee-jerk reactions”.
What Goyder does have, it turns out, is chutzpah. “I think it’s a time for humility, and I think you’ll see plenty of that as well,” he said. Humility – that will be new, won’t it Australia? That sure will be terrific. But where was Goyder’s humility when Qantas was force-feeding its customers innovative new forms of physical and financial torture and his haughty response was to insist that Joyce is “the best CEO in Australia by the length of a straight”?
Goyder wasted no time on Tuesday flicking the switch to the burnishing of his own credentials, citing his success turning around Coles as the CEO of Wesfarmers when Coles and Woolworths were “the two most hated businesses in Australia”.
“I will get to work on these things, and we’ll do what we need to do. And I think my role in that is pretty important.”
This is a little advertisement, entitled: please keep me. Uncle Rich has the experience for this kind of adversity, see? He’s the turnaround guy. He’s virtually indispensable. “I allowed this peat fire to burn out of control but now you need me because I bring the humility.” He can reach into his shaving cabinet to find the bottle of humility cologne he’s been saving for just this occasion. A couple of splashes will make everything right.
Yet Qantas is only in this dire mess today precisely because Goyder has utterly failed to step up and do what needed to be done.
Coles is actually a great analogy. Goyder massively overpaid for the supermarket giant in 2007 and Wesfarmers’ return on equity over the cycle never recovered. You sure as shit know the price is too high when Solomon Lew is an enthusiastic seller. Wesfarmers’ stock then collapsed in the GFC and Goyder had to raise equity – reaming retail shareholders who couldn’t stump up – to keep the whole show afloat.
It is true that Coles had totally lost the confidence of its customers under chairman Rick Allert and CEO John Fletcher (who admitted when he arrived at Coles that he hadn’t set foot in a supermarket in 25 years). But Goyder didn’t turn around Coles. UK grocery gun Ian McLeod did. And did Goyder ask Allert, the chairman who presided over Coles’ descent, to stay on and offer classes in humility? Dumb question.
The highlight of Goyder’s stewardship of Coles was its Queensland pubs allowing children in its poker machine rooms and luring punters to those pokies with advertising for their free kids’ clubs.
In 2009, anti-pokies campaigner Paul Bendat took out a full-page ad in the Cambridge Post, the community newspaper in Goyder’s leafy suburb of Peppermint Grove, with a photo of Goyder and the headline “Have you seen this man?” Coles overhauled its practices within days. A July 2009 full-page advertisement in the Cambridge Post, the community newspaper in Richard Goyder’s Perth suburb of Peppermint Grove. Bendat understood perfectly what is most important to Richard Goyder, and that’s the myth of Richard Goyder, the professional good bloke. Nothing’s changed. He breathes at a higher altitude. He is literally the chairman of the Chairman’s Lounge, the pope of Australia’s power clique. He is grand poobah of the AFL. He is chairman of Woodside – basically a sheikh in Western Australia.
And who is he, really? He is every man to everybody, whoever you want him to be. He’s usually unflappable, but his feathers are plainly ruffled now that he’s spruiking his turnaround bona fides.
Goyder hasn’t disclosed the only thing we all want to know, which is the price he paid – with shareholders’ money – for Alan’s early departure. Remember, the best lies are by omission. The only reason the board hasn’t told us what they’re doing in relation to Joyce’s bonuses is that telling us would cause a furore.
We’ll know Joyce’s bonus outcomes when Qantas releases its annual report this month – probably at 7pm on a Friday night. Uncle Rich may have to bring forward the AFL grand final by a couple of weeks to bury the story.
Joyce has had some ups and downs, you just have to take a 22-year horizon. Now he’s moving on in the best interests of Qantas – that’s just Alan to a ‘t’! – but at what price? Where is the asterisk?
We know the price for shareholders: $15 billion of delayed fleet capex starting this year. We know ACCC chair Gina Cass-Gottlieb’s price of at least $250 million; that hypothetical fine only double what shareholders paid the f---er over the past 15 years. The price is the triple whammy of having shitful old planes in the sky, the huge bill to replace them and the increased political scrutiny translating to greater competition.
Cass-Gottlieb hit Joyce between the eyes with her stun gun on Thursday, and he’s been stumbling around in the kill pen ever since. That’s how it goes before they slit your throat. But even in his compromised state, he would’ve been negotiating. Everything’s a transaction in Alan’s world. “I’ll go quietly, I’ll go early, but give me one last $4.3 million sweetener and my free First Class golden tickets for life.”
Sitting in Vanessa Hudson’s in-tray on Wednesday morning will be the world’s largest, overflowing sick bag. The parmesan waft of Joyce will haunt the Qantas headquarters. It will long linger in the nose of every customer sitting in every soiled seat on every senescent 737. Uncle Rich will be running up and down the aisles spraying his scent of humility.
Goyder was re-elected at Qantas’ annual meeting last year when very little of the company’s appalling conduct had come to light. Yet he’s now adamant that shareholders need him to stay and preside over the airline’s brand turnaround. If he had any balls at all, he would voluntarily put himself up for election at the AGM on November 3.
He could stand on his record and own his decisions – Joyce’s early departure not being one of them! Uncle Rich could defend his customary decision, which is to make no decision. He might be advocating humility but not shame, because he clearly doesn’t have any.
All of these years hanging tight with Alan Joyce, the man with the enchanted spectacles, seems to have blessed Uncle Rich with a vivid imagination of his own. He’s now the only person in Australia who sees himself as part of the solution, not part of the problem.
Customers, regulators and major shareholders could take out a billboard in Mosman Park asking his neighbours, “Have you seen this man?” It wouldn’t make a whiff of difference.
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Old 5th Sep 2023, 14:47
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Originally Posted by ersa
He will known for forcing people to take a vaccine , that didn't stop transmission or help in anyway to stop the spread, in order to board a qantas plane internationally.
2021 called. Wanted to let you know that nobody cares. **** off
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Old 5th Sep 2023, 19:38
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Originally Posted by C441
Ahhhh Geoffrey Thomas. I hate to tell you but the Qantas share price was $4.85 in January 2008, not long before Alan Joyce took the CEO reigns.
It did plummet to just on $1 but that was after Alan took control. A cynic would suggest (and many did at the time) that his long term bonus shares would vest nicely based on his allocation at the floor price during that period.
QAN was $6.34 in Nov '07 - a year before AJ
I'd think the average age of the fleet was much younger and there were many more employees at the company then too.
Look where they are now..
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Old 5th Sep 2023, 20:22
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I think the sad part here, is that Joyce did retire on his own accord.

The Board just sat around….and did nothing.

What hope does the future have.
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Old 5th Sep 2023, 21:38
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Hopefully this plays out throughout Australia and he has well and truly shat in his nest.

CHAIRMAN JOYCE ‘IS LEAD IN SADDLEBAGS FOR THEATRE GROUP’Alan Joyce’s post-Qantas role as chair of the Sydney Theatre Company has come under attack from a senior arts figure who warns of fallout from the airline’s damaged standing in the community.

Michael Lynch, whose international career includes five years as general manager of the STC, said Mr Joyce and the board should consider whether he can remain as chair in light of the revelations about Qantas and cancelled flights.

“I think he should consider his options,” Mr Lynch said.

“In my view, he should consider whether the damage that has been done to the Qantas brand is not going to have collateral impact on the STC brand.”

Mr Joyce was named chair of the STC in March, succeeding former CBA chief Ian Narev.

Since 2019, Mr Joyce has also been a board member of the Museum of Contemporary Art.

Adelaide-based academic Ruth Rentschler, who has made a study of arts boards, said negative perceptions about Mr Joyce in the community could harm the STC’s ability to attract financial support.

“You have to take the community with you, and if the community is not in favour of your chair, it could have unintended consequences, fairly or unfairly,” she said. “That may affect philanthropic income. The issue is one of corporate social responsibility.”

Mr Joyce and his husband Shane Lloyd are among STC’s donor “angels” and have given at least $100,000.

A senior arts leader who did not want to be named said he believed the controversy about Mr Joyce and Qantas would pass and not harm the STC.

But Mr Lynch said Mr Joyce’s presence was a liability when the arts sector continued to struggle after Covid.

“I think the board needs to think about it,” he said. “It’s not lead in the saddlebags that I would want to be carrying into the next couple of years
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Old 5th Sep 2023, 22:20
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Everyone is piling in now.OPINION

Opinion: ‘Good riddance to Alan Joyce’ as Qantas chief executive officer

Qantas boss Alan Joyce has stepped down from the job but not before turning the once beloved national institution into a “hated” airline, says Caleb Bond.
Caleb Bond3 min read
September 6, 2023 - 6:53AM
You just watched

Qantas CEO Alan Joyce announces immediate retirement

Alan Joyce will retire as Qantas Group CEO two months early, with chief financial officer Vanessa Hudson taking over the role.

Goodbye, Alan Joyce – don’t let the Chairman’s Lounge door hit you on the way out.

Have you ever seen anyone so quickly turn a beloved national institution into a viscerally hated, burning dumpster fire?

Your readership numbers – much like the record-setting profit numbers Mr Joyce recently squizzed on the Qantas balance sheet – don’t lie.

Stories about Qantas and the near-daily revelations of new woes have been doing the business. My email inbox was clogged with viewer correspondence after talking about Qantas on Sky News last week.

Australians are angry. They’re angry because their airline – the national carrier, the flying kangaroo, the spirit of Australia – has gone down the toilet.

Qantas CEO Alan Joyce has announced he will retire from the airline two months earlier than planned. Picture: Getty ImagesQantas may be owned, in law, by its shareholders. But in reality it is owned by Australians.

Mr Joyce severely underestimated that the airline’s success existed largely through goodwill and sentimentality. He managed to blow that up overnight by taking advantage of it.

He was in 2017 made a Companion of the Order of Australia – the country’s highest civil award – for, among other things, “eminent service to the aviation transport industry”.

Eminent service to its degradation, more like.
First it was successfully lobbying the federal government to deny Qatar Airways a few more flights into the country, supposedly in the “national interest”.

Joyce's Qantas highs & lows

1996After studying physics, maths and management in Dublin, Ireland, Alan Joyce moves to Australia.

Then we learnt Prime Minister Anthony Albanese’s son had, for some reason, been gifted a membership to the Chairman’s Lounge.

Next it was a record profit of $2.5 billion after tax while flyers faced worse service and higher airfares.

Never fear, though. Mr Joyce told a Senate inquiry last week that airfares were declining – not that anyone has seen any evidence.

Along came allegations of slot hoarding, whereby Qantas would cancel flights it never intended to run so other airlines couldn’t use airport gates.
Australians have grown frustrated by our national carrier. Picture: NCA NewswireWe found out it was holding on to hundreds of millions of dollars of unclaimed flight credits that were set to expire. On that they were forced to sheepishly back down.

And the final nail in the coffin was allegations from the ACCC that Qantas was not only cancelling flights to shut-out other airlines but continuing to sell seats on those flights, thereby ensuring they had your money tied up in those ill-fated flight credits.

All of this happened in barely a month, Mr Joyce squirming in front of the senate committee and destroying both his and his employer’s reputation by the minute.

He didn’t want to face the music elsewhere. I invited him to be interviewed on Sky News last Wednesday – the same day former treasurer Peter Costello said Qantas was one of the most powerful players in Canberra – and he refused.

Now the Qantas board belatedly does what it had little choice of avoiding by bringing forward his retirement by two months with just one day’s notice.

Mr Joyce said leaving early was “the best thing I can do under these circumstances”.

Under the circumstances, perhaps. But I dare suggest he would have been better off protecting the reputation of Qantas by not ripping off the country.
Alan Joyce’s exit come as Qantas is embroiled in controversy.And he leaves with an extra $24 million in hand, anyway, so what does he care?

Mr Joyce’s arrogance has done irreparable damage. Australians don’t like arrogance and we particularly don’t like it from those we hold dear – like Qantas.

But as sordid and disappointing as all this has been, it has proven one thing to be true – that the power of the consumer can ultimately trump all.

More Coverage

Brutal reaction to Joyce’s early exit
Qantas CEO Alan Joyce to resign tomorrowMr Joyce thought he had one up on his passengers. He didn’t. Even if he leaves with tens of millions in bonuses, he has had his derričre served to him on a platter by the Australian people.

Don’t expect that anger to dissipate. If Qantas wants to recover from this, it must prove why.

Qantas lived and died on loyalty. When that loyalty wasn’t returned, Australians showed Mr Joyce who was really in charge.

Last edited by dragon man; 5th Sep 2023 at 22:40.
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Old 5th Sep 2023, 22:45
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More gold from Joe
Wow Dragon. Can’t believe that type of article is being published!

I was incensed when Joyce got away with the lockout and IMPROVED their reputations by doing so! He wasn’t acting alone, everyone needs to know Vanessa was right there, as was the kneeling sycophant Olivia (see Senate inquiry footage) among many others in the current management ‘team’, He did NOT destroy the culture of an untouchable icon without total support and suggestive encouragement from the whole ‘team’ - Goyder down.

Their behaviour wasn’t good before the lockout, after being emboldened by the adulation of their adoring fans for effectively holding CHOGM to ransom they got away with absolute murder afterwards.

Vanessa deserves no holiday from the press, Without wanting to immediately use the Nazi’s as an example, it’s famous enough for everyone to follow the analogy. Letting the Board and senior managers of Qantas off the hook for the last 20+ years of asset and culture stripping would be like saying there was no need for Nuremburg Trials and the Nazi’s should have been left in charge of Germany by the Allies because Hitler had committed suicide and WWII along with the Holocaust was entirely that one persons fault.
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Old 5th Sep 2023, 23:49
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Originally Posted by SOPS
GT has been on Perth radio saying what a honourable person AJ is and what a great job he did at Qantas. 🤮🤮

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Old 6th Sep 2023, 00:30
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Old 6th Sep 2023, 00:52
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After the grounding in 2011, the airline continued to sell tickets for three hours.(@4.18) Apparently, that was a mistake, even though the grounding, which no-one knew about, had 'a lot' of planning. Still doing it a decade later.

What goes around, comes around.
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Old 6th Sep 2023, 01:36
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Apologies if this has been posted already, but I chuckled!

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Old 6th Sep 2023, 02:11
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The board and other senior managers have a lot to answer for here too. They helped this guy gut the airline, dupe the Australian taxpayer & destroy goodwill. They helped him ruin the culture whilst making themselves very wealthy in the process. They, along with Alan have left behind a big mess and a toxic workplace culture, not to mention a customer base that feels cheated. It's a shameful outcome that they (& Alan) will get to keep the money and pay no consequences.
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Old 6th Sep 2023, 05:08
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Originally Posted by Cloudee
What about those aboriginal people that want to vote no?
What about them? It appears to me they are very much in the minority.

Some of the First Nations people I've heard speak about voting No are saying they want to move direct to a Treaty. I think the consultative plan goes like this: Uluru Statement > Constitutional Recognition > Voice > Treaty.
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Old 6th Sep 2023, 05:12
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Originally Posted by RodH
This cartoon represents his legacy accurately. The online media is flogging him for it today.

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