Top 2 cheeses resign from CX
 

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

New kids in the playpen soon

So it begins......they are heading for the lifeboats!

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.

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

Deckchairs. Titanic.

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.

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'?

We should also fire all those involved with engagement and communication. There is none of either, just orders.

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"

He only lasted 8 months in the job. Can't help wondering if he's suffering from a 'dose of integrity'.

new CEO coming i read somewhere, time for some new ideas?

Someone with new ideas would not be given the job.

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

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?

Yep, that’s the one.

Can I ask.. what does a Risk Manager actually do?

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

What happened to the cabin crew? Arrested?

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..