James Packer is right.

He never said that it would have been better for the airline, just the shareholders at the time.

I sold all of my shares at $5.80 figuring that it was wildly over-priced at that level. From a novice investor point of view it was by far the best outcome for me as a shareholder. As an employee my skills aren't as portable as my capital so I get to watch the train wreck forever.

As an aside a more savvy friend bought at $5.75. I begged and cajoled him to get out since then...he finally capitulated at $1.25. While I wonder at the shareholders' behaviour knowing what I do I guess many of them are the old-fashioned buy-and-hold variety, expecting that the board and ASIC will vouchsafe their funds over time. Including my otherwise sharp friend.

Probably the good old-fashioned pride of ownership ethos, a totally foreign concept to the deers with no eyes that are currently running the company.

While true from that perspective, other factors like fiduciary duty, ethics, moral standards influence change of that perspective to show that Dixon and Jackson were wrong to recommend the sale. The outcome from the sale would have been a devastating strip and sale of what was left, without any recourse for the employees.

Truly tragic, and thankfully did not occur.

So what, exactly, did Qantas think they were going to get out of the relationship with Emirates?

(And how's that working out for you, Alan?)

How many of 'the management' are ex Ansett?

"How many of 'the management' are ex Ansett?"
Too many!:uhoh:

Someone needs to tell the management that they can admit they got decisions wrong - but they never do

Clifford and Joyce are not going anywhere soon, at least three more years of BGA... God help us...

CLIFFORD: Alan Joyce 'Is Not Going Anywhere', Endorses Him For 3 More Years | Business Insider

Dear God the airline is screwed.

Fine for these guys to hold ranks but they have made a few enemies and have a few storm clouds coming their way via senate inquiry. I know that doesn't help those being targeted now but this game is far from over for aj and Clifford.”

I personally hope AJ and Clifford remain in charge for years to come.

But then again, I do work for Virgin! :)

I stated earlier in a post I didn't think it was an ideological war against staff.

I think I was wrong.

The tragedy is these morons and business failures who, by the grace of god, managed to get their hands on solid gold, did not recognise it as such.

I actually think they know they are doing the world a favour.

I just get more and more depressed about Qantas.

I can't explain in words how proud I was to first wear the uniform. Now it sits unloved in the wardrobe and if I never saw it again I don't think it would bother me.

Can't wait to see the bonus grab by the clown up top on sacking 3000 long tern loyal staff. Then the senate enquiry that puts them behind bars.

You are joking ofcourse. I think you will find that as he says, Clifford and Joyce will be there in 3 years (assuming there is 3 years left) because the senate inquiry will find nothing because that would involve pollies admitting they were wrong to do nothing. A pollie admit he was wrong, you cant be serious.

You are right. It will be a farce. A grandstanding opportunity for Pollies, the really pertinent questions won't be asked or answered and the sad comedy will roll on!:ugh:

I work for virgin also, but I seriously hope Joyce and Clifford expire ASAP, not only for my mates that work there, but for the sake of a sustainable industry..time for these guys to hug it out and get back to making money for their shareholders, we are fast becoming a joke.

Confirmed by taking a look at the Senate and Truss threads.

All is Lost.
 

On the subject of a Union busting agenda, give some thought to
the following comments.


"In a meeting in February 2011, I offered Alan Joyce a two-year pay freeze and a commitment to rewrite our certified agreement.

This was rejected out of hand. It is an ideological war and Mr Joyce needed the pilots to be able to lock the staff out in 2011 at a cost of over $200 million. There is nothing wrong with industrial relations in Australia but there is a lot wrong with management"
ex AIPA President Barry Jackson AFR Friday 7 March14

And from today's AFR, Weekend 8-9 March 14.

"We have got to make sure we have more flexible working arrangements.
I think for instance the pilots' agreement is hundreds of pages long.
War and Peace wasn't that long, I don't think."
Qantas Chairman Leigh Clifford.

Ah, help me here Leigh, what was Barry offering you and Alan THREE years ago.:ugh:

The PR war will continue to blame the unions, unfair competition and anything but senior management and their strategy.

Rule number one in politics,you only have an inquiry when you know the outcome before it proceeds-terms of reference etc.:(