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Joyce ‘retires’ early 👍

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Joyce ‘retires’ early 👍

Old 4th Sep 2023, 23:31
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Joyce ‘retires’ early 👍

And he’s gone. Good riddance!

https://www.qantasnewsroom.com.au/me...eo-succession/
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30th Jan 2024, 06:20
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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.

Old 4th Sep 2023, 23:34
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14 years to late, but Hudson was there the whole time.
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Old 4th Sep 2023, 23:36
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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.
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Old 4th Sep 2023, 23:46
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Booted out utterly humiliated 2 months before retirement. I cannot think of a better ending.

Now for a shake up of the board. I expect Goyder will step down soon.
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Old 4th Sep 2023, 23:53
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Joe Aston

The next hundred beers are on me.
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Old 4th Sep 2023, 23:56
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That will be the most satisfying of morning dumps indeed.
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Old 5th Sep 2023, 00:10
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Joyce's departure brought forward to tomorrow.

About time too. Should have happened years ago.
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Old 5th Sep 2023, 00:12
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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.
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Old 5th Sep 2023, 00:18
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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.
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Old 5th Sep 2023, 00:24
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Originally Posted by SandyPalms
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.
Clive and Gina send their regards
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Old 5th Sep 2023, 00:32
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Grrr 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.
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Old 5th Sep 2023, 00:33
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It’s a happy day indeed…but the sad part is it won’t get any better. It’s in the breed.
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Old 5th Sep 2023, 00:59
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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.
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Old 5th Sep 2023, 01:00
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I guess operating crew will walk that little bit taller when they board their aircraft emblazoned with “Yes”.
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Old 5th Sep 2023, 01:09
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HE'S FINALLY GOING!!

https://www.msn.com/en-nz/news/other...5d71f1b3&ei=23
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Old 5th Sep 2023, 01:13
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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.
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Old 5th Sep 2023, 01:45
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But will it be enough to satisfy the market gods??

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Old 5th Sep 2023, 01:57
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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.
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Old 5th Sep 2023, 02:06
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Share price has gone up, there is some salt in the wound….better give them all another 10 million for pain and suffering,
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Old 5th Sep 2023, 02:11
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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.
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