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Top 2 cheeses resign from CX

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Top 2 cheeses resign from CX

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Old 8th Jul 2021, 10:11
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Top 2 cheeses resign from CX

https://www.scmp.com/news/hong-kong/...n-opening-door

New kids in the playpen soon
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Old 8th Jul 2021, 10:42
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Red face

“Both Simon and Philippe have contributed greatly to the success of Cathay Pacific,” Tang said.

Bloody predictive text; "success" should read "demise" I think.

Last edited by frampton; 8th Jul 2021 at 10:43. Reason: grammar
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Old 8th Jul 2021, 11:06
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So it begins......they are heading for the lifeboats!
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Old 8th Jul 2021, 11:28
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This long suffering CX shareholder who has seen his investment decimated over the past 20 years says get rid of the lot of them and put the tea lady in charge.
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Old 8th Jul 2021, 11:41
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Makes sense - UK is experiencing shortage of truck drivers/ bar staff/ farm workers due Brexit, so good time to go back and find an honest job
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Old 8th Jul 2021, 11:55
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Deckchairs. Titanic.
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Old 8th Jul 2021, 13:55
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There's only 3 options here:
1. Bailing a sinking ship with, I’m sure, fat bonus cheques in pocket.
2. Clearing out executive size office space for their CCP replacements
3. Make room for the inevitable liquidator staff.

Or, very possibly, all 3.

Last edited by Flex88; 8th Jul 2021 at 20:31.
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Old 8th Jul 2021, 21:30
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Well, what's the point of having a Customer Director if you've got no customers? Surplus to requirements? And, why wouldn't you push out the Chief Risk Officer if the next big (cost cutting) driver of management bonuses includes schemes like 'single pilot ops'?
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Old 9th Jul 2021, 03:24
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We should also fire all those involved with engagement and communication. There is none of either, just orders.
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Old 9th Jul 2021, 06:34
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What does it tell you when the risk manager bails out. Like the old gag "i'm a bomb technician, if you see me running, try to catch up"
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Old 9th Jul 2021, 09:39
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He only lasted 8 months in the job. Can't help wondering if he's suffering from a 'dose of integrity'.
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Old 9th Jul 2021, 17:28
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new CEO coming i read somewhere, time for some new ideas?
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Old 9th Jul 2021, 22:57
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Someone with new ideas would not be given the job.
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Old 10th Jul 2021, 01:47
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Funny handshake brigade and back stabbers all vying for promotion as new opportunities open up - running round like headless chickens ..the square wheel business moves on
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Old 10th Jul 2021, 02:47
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badge42

Wait a minute, is this the guy who moved back from America to become GM IOC, only to announce on his first day in the job he was becoming the Cathay Risk Man?
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Old 10th Jul 2021, 10:31
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Yep, that’s the one.
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Old 10th Jul 2021, 11:55
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Can I ask.. what does a Risk Manager actually do?
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Old 10th Jul 2021, 12:46
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Maybe it had something to do with the cabin crew that got set up in pek, yesterday.
posted at L1 met by police on door opening by name.
Would need collusion from from those in charge for that to happen
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Old 10th Jul 2021, 13:03
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What happened to the cabin crew? Arrested?
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Old 10th Jul 2021, 16:17
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Risk Manager

SOPS

In most corporations "Risk Managers" oversee all operations to "mitigate" or minimalize any risk, operational or financial..
At CX though, with a history over the last 15/20 years of losing many many MILLIONS of US $$ on fines for price fixing on every continent in the world AND losing 5-6 BILLION US $$$ on failed fuel hedging (gambling) bets, Cathay has managed, as they always do, to "reimagine" that job for some schmuck Swire Prince in need of an office door to hang his/her shingle who has ZERO qualifications or previous experience that would qualify them for the task... Google "Cathay Pacific fined" or "Cathay Pacific fuel hedging loses" and it'l keep you busy reading for a week..
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