Joyce ‘retires’ early 👍
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Joyce ‘retires’ early 👍
The following 5 users liked this post by Potsie Weber:
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30th Jan 2024, 05:20
I’ll happily tell them so they don’t need to pay McKinsey.
The last thirty years, the entire direction of the airline has been away from performance, safety and reputation - and towards bonus money schemes for managers.
The kraken was finally released when he was put in charge of Jetstar. Qantas began defecating in their own nest, and rather than growing the airline with hard work, they grew it by slashing long term investment and transfer of business.
They considered themselves successful, because their own pockets starting filling up. They became giddy on their own rhetoric and BS, eventually thinking that they could set social and political policy with force fed on board messages and stickers on aircraft. Becoming champions for the oppressed and gender-unsure, but not becoming champions for staff or share holders.
Meanwhile, the meat and veg of running an airline was being ignored. They told everyone how you can’t make money with B777s, and kept buying hunks of **** to say they had the biggest. Hundreds of options or orders for new, reliable and efficient aircraft to improve the product, and keep the group competitive with other international airlines - cancelled, or given to subsidiaries. Back slaps, Zumba classes and bonuses all round!
Meanwhile, a piss weak board sat back and let it all unfold. The gutting of a premium, revered airline was hidden with accounting and marketing, with pretty buzz words like “game-changing” and “innovation” and “project BS” which the board lapped up with a spoon.
While all this went unchecked, it continued on far too long because they got lucky - lucky that the board and shareholders failed to join the dots, lucky that the only real competitor in Australia couldn’t organise a root in a brothel, and lucky that they (or one of their new subsidiaries) didn’t stack an aircraft.
Hard working, valuable, highly trained and efficient staff were pushed (sometimes illegally) out the door in the thousands - while one person’s bank account swelled towards the size of his ego.
When the curtains were finally pulled back to reveal the ugly truth (thanks in part to Joe Aston, the post COVID startup debacle, illegal sackings and ACCC pending action) a last minute cash grab was approved, a swift coward’s exit and then the world’s biggest pile of steaming **** was dumped in the lap of the incumbent.
There’s no solution here until the whole board is gone.
They can engage as many consultancy firms as they like.
The last thirty years, the entire direction of the airline has been away from performance, safety and reputation - and towards bonus money schemes for managers.
The kraken was finally released when he was put in charge of Jetstar. Qantas began defecating in their own nest, and rather than growing the airline with hard work, they grew it by slashing long term investment and transfer of business.
They considered themselves successful, because their own pockets starting filling up. They became giddy on their own rhetoric and BS, eventually thinking that they could set social and political policy with force fed on board messages and stickers on aircraft. Becoming champions for the oppressed and gender-unsure, but not becoming champions for staff or share holders.
Meanwhile, the meat and veg of running an airline was being ignored. They told everyone how you can’t make money with B777s, and kept buying hunks of **** to say they had the biggest. Hundreds of options or orders for new, reliable and efficient aircraft to improve the product, and keep the group competitive with other international airlines - cancelled, or given to subsidiaries. Back slaps, Zumba classes and bonuses all round!
Meanwhile, a piss weak board sat back and let it all unfold. The gutting of a premium, revered airline was hidden with accounting and marketing, with pretty buzz words like “game-changing” and “innovation” and “project BS” which the board lapped up with a spoon.
While all this went unchecked, it continued on far too long because they got lucky - lucky that the board and shareholders failed to join the dots, lucky that the only real competitor in Australia couldn’t organise a root in a brothel, and lucky that they (or one of their new subsidiaries) didn’t stack an aircraft.
Hard working, valuable, highly trained and efficient staff were pushed (sometimes illegally) out the door in the thousands - while one person’s bank account swelled towards the size of his ego.
When the curtains were finally pulled back to reveal the ugly truth (thanks in part to Joe Aston, the post COVID startup debacle, illegal sackings and ACCC pending action) a last minute cash grab was approved, a swift coward’s exit and then the world’s biggest pile of steaming **** was dumped in the lap of the incumbent.
There’s no solution here until the whole board is gone.
They can engage as many consultancy firms as they like.
14 years to late, but Hudson was there the whole time.
The following 6 users liked this post by dragon man:
“This transition comes at what is obviously a challenging time for Qantas and its people. We have an important job to do in restoring the public’s confidence in the kind of company we are, and that’s what the Board is focused on, and what the management under Vanessa’s leadership will do,” added Mr Goyder.
the kind of company we are? One that screws its employees and customers for the benefit of the élite executives.
the kind of company we are? One that screws its employees and customers for the benefit of the élite executives.
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Joe Aston
The next hundred beers are on me.
The next hundred beers are on me.
The following 20 users liked this post by PoppaJo:
That will be the most satisfying of morning dumps indeed.
The following 3 users liked this post by gordonfvckingramsay:
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Joyce's departure brought forward to tomorrow.
About time too. Should have happened years ago.
About time too. Should have happened years ago.
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Is there anything more satisfying than AJ having to quit (as if it was his choice) in disgrace as the most hated business man in Australia, I’m elated.
The following 6 users liked this post by SandyPalms:
The two job holders with the biggest "f you" smiles on their faces today:
1. The IT guy that hits the button suspending all company IT access.
2. The security guy who takes back the company ID and escorts him off the company premises.
1. The IT guy that hits the button suspending all company IT access.
2. The security guy who takes back the company ID and escorts him off the company premises.
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The following 2 users liked this post by maggot:
Take the money and run??
Did he leave earlier than expected to make sure he got his money before any further possible Board actions?
Being a mathematician I reckon he has done his " sums " very carefully.
Being a mathematician I reckon he has done his " sums " very carefully.
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$24 million Golden Hand Shake. Poor b*stard, he'll be lining up at Centerlink next week.......
History will judge the Joyce years as NOT Qantas finest hours.
History will judge the Joyce years as NOT Qantas finest hours.
The following 5 users liked this post by tail wheel:
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One wonders when Allan Joyce AC will be inducted into the Australian Aviation Hall Of Fame.
Sir Rod Eddington AO and James Strong AO have been inducted.
(Cecil) Arthur Butler OBE, who set the as-yet-unbeaten record for a solo single engine aircraft flight from England to Australia doesn’t make the grade, apparently.
Sir Rod Eddington AO and James Strong AO have been inducted.
(Cecil) Arthur Butler OBE, who set the as-yet-unbeaten record for a solo single engine aircraft flight from England to Australia doesn’t make the grade, apparently.
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Good riddance to a person that brought his personal beliefs to the airline plus shutting down the airline. The other Board members should also leave since they supported him. Trust the new CEO understands we are an airline and thats what we do, fly passengers and freight not promote political views.
The following 4 users liked this post by mudguard01:
Goyder will be right behind him, I expect less than 2 weeks. He approved Joyce’s huge share sales, potentially knowing the pending ACCC case was coming.
Expect new chairman momentarily, a huge clean out of the board, and a new CEO who immediately distances herself from what they’ve done.
If she can knock out some quick-fire EBAs with good improvements to win back staff, re-employ the QF ground handlers, remove political aircraft stickers and agendas from the airline, improve the customer experience, fix the busted aircraft and order lots more new ones … she may just have a chance at succeeding.
Expect new chairman momentarily, a huge clean out of the board, and a new CEO who immediately distances herself from what they’ve done.
If she can knock out some quick-fire EBAs with good improvements to win back staff, re-employ the QF ground handlers, remove political aircraft stickers and agendas from the airline, improve the customer experience, fix the busted aircraft and order lots more new ones … she may just have a chance at succeeding.
The following 8 users liked this post by Slippery_Pete: