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I feel like I have come across an accounting forum. I know a few CFO's who are getting a little concerned at IFRS 19. It will have an impact on most large Airlines particularly those running large leasing exposures.
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IFRS 19 relates to wages and benefits.
IFRS 16 is the lease side of it. Company that I keep are very interested in all sorts of transport companies. Consider the magic of the so called 'Low Cost Airline'
'Low Cost Airlines' are sweating this change as the correct disclosure, accounting for and allocation of charges will wipe the 'financial alchemy' that can be a leased fleet airline. Think of Air Asia, JQ etc. |
The a2 Milk Company Limited MD & CEO announcement
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Hilarious. I mean she had this legacy at Jetstar for only working 9-4 so she could go pick up the kids and home by 6. |
Jokes on us. She's out the door to the tune of 6 million dollars. No doubt told the A2 workers there 'isn't any money left in the pot' come payday too.
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Originally Posted by wheels_down
(Post 10635341)
Hilarious. I mean she had this legacy at Jetstar for only working 9-4 so she could go pick up the kids and home by 6. Even quicker to pull the gender card to her advantage, sadly not interested in those employees whose work life balances "consultants" like her and the pond scum from BCG spend their waking hours destroying. |
Equal opportunity: you haven't lived until you have experienced a rotten female manager. At least if its a man you can complain without being accused of being biased against women.
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So she didn't realise that when she signed on that being CEO of an NZ company based in Australia with most of their market in Asia was going to involve extensive travel? Thats the sort of strategic thinking CEO you want. I wonder if she installed an inexperienced COO because they could use the same bathroom to discuss company matters.
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Originally Posted by Sunfish
(Post 10635852)
Equal opportunity: you haven't lived until you have experienced a rotten female manager. At least if its a man you can complain without being accused of being biased against women.
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Radio business show today said that she was constantly in conflict with Staff, had made enemies of the Board who were ‘concerned’ about the direction she was taking the company. Never good to have a CEO who is in the headlines every few months selling every share in the business she had for huge profits. 18 months work for 6 million bucks is not a bad effort. Always used to amuse me when she was at Jetstar the constant articles with her saying how important her family is and she always made time for them whilst screwing the pilots and cabin crew who were trying to achieve the same. |
Originally Posted by Ollie Onion
(Post 10635961)
Radio business show today said that she was constantly in conflict with Staff, had made enemies of the Board who were ‘concerned’ about the direction she was taking the company. Never good to have a CEO who is in the headlines every few months selling every share in the business she had for huge profits. 18 months work for 6 million bucks is not a bad effort. Always used to amuse me when she was at Jetstar the constant articles with her saying how important her family is and she always made time for them whilst screwing the pilots and cabin crew who were trying to achieve the same. Surprising she left Qantas where staff conflict is the only ticket punch necessary for the C suite. |
Since she has collected around $10 Million in the past few years maybe that will be enough to stay at home and spend time with the family.
She is going to have difficultly getting another senior role after this. |
She is going to have difficultly getting another senior role after this That's very sad news:{ |
Radio business show today said that she was constantly in conflict with Staff |
[QUOTE= She is going to have difficultly getting another senior role after this.[/QUOTE] Sadly I disagree. People have short memories, plus she is connected. She will turn up on a few Boards yet. |
"Connected" is the word. There is an "Old Girls Network" started in the days of Margaret Whitlam. They are quite open about it because they see it as a counterweight to the non existent "old boys network". The girls get recruited out of final year business school. All of the members have their proteges.
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Originally Posted by Sunfish
(Post 10636868)
"Connected" is the word. There is an "Old Girls Network" started in the days of Margaret Whitlam. They are quite open about it because they see it as a counterweight to the non existent "old boys network". The girls get recruited out of final year business school. All of the members have their proteges.
It is supposedly males who need to check their "privilege and bow on bended knee". Watching their vitriol at work reminds all that neither gender has a monopoly on vindictiveness, manipulation and games"person"ship. |
There are more snippets about her departure starting to leak out, including her toxic relationship with the Board. Not to mention the $19m in consultancy fees that she paid to one of her former ‘employers’. These people never change.
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@The “Old Girls “ network in operation today in the news to resurrect the reputation. The insinuation is clear; it’s the Boards fault that she went. While she was hired to shake things up and implement change, it seems some directors weren't quite ready for the cracking pace she set and the disruptive effect on senior management. In the days after the abrupt resignation, both sides fought for control of the spin. It was reported directors weren't happy she'd sold $4 million worth of shares within months of joining the group, even though other directors and senior managers did the same. Among other things, they were displeased with the $19 million in consultancy fees she forked out to her former employer, Bain and Co. https://www.abc.net.au/news/2019-12-...-down/11801672 |
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