27th February Big Qantas announcement

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I really would like to give Joyce the benefit of the doubt because he inherited a lot of problems but it really seems like he and the Qantas board are playing politics because they don't really have a plan for improving the performance of the airline.
 
There was an interesting interview of David Epstein (ex Dawkins/Hawke/Keating/Beazley and Rudd advisor then ex-QF PR/spinner) on Radio Naional this morning, its a shame the transcript isnt up yet but its worth a listen...

Former Qantas Group executive hits out at company - RN Breakfast - ABC Radio National (Australian Broadcasting Corporation)

Basically hinting that the current QF managers and Public Relations/spinners have misjudged and annoyed both sides of politics! As well as the public, QF customers and the QF employees. Not good PR when your highly politically connected ex-PR guy says you are doing a bad job on national radio.
 
Yes its been interesting to watch the last few weeks, we now have a situation where highly specialized people in their own field are pointing out the multiple failures:

1. The ex-economists pointing out the problems with the operation on from a business/cashflow point of view
2. Ex-management pointing out failures of management (i.e. Dixon but with the proviso that Dixon shares some of the blame)
3. The general public voting with their feet in a period of high outbound tourism
4. Domestic competitors identifying weaknesses in QF and JQd and exploiting them
5. Re-iteration of failed strategies (the 65% line in the sand) and chopping and changing of other strategies
6. QF being beaten clearly on product and price nearly everywhere it goes
7. QFF Frequent Flyer customers starting to realise that the loyalty scheme does not suit them
8. The share market telling QF that they are not doing a good job, lack of dividends
9. Politicians of all colours treating QF with contempt/suspicion from Albanese to Hockey to the Greens
10. Ex-PR and spin masters telling their spin isn't working (erratic conflicting and contradictory statements)


About the only people who think that they are going in the right direction is management itself and the QF board, they are now already in a hole, and even today, continue to keep on digging....

Will be interesting to see how much more of this the shareholders can take.
 
QF WP said:
He's finally lost it - time for the Board to send him back to Europe so he can continue his chats with other LCC CEO's.
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The guy might be bipolar :confused:, one moment we are hearing that Qantas is in the worst financial situation ever, an absolute crisis that requires immediate government intervention, and then, the next - everything is fine and dandy, nothing to worry about...

The Australian - link above said:
"The Qantas chief today spruiked the company’s $2 billion of assets and said the impact of not securing a government debt guarantee was only in the “tens of millions” of dollars."
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At the very least, I think that he has lost all credibility next time he calls wolf!
 
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eastwest101 said:
About the only people who think that they are going in the right direction is management itself and the QF board, they are now already in a hole, and even today, continue to keep on digging....

Will be interesting to see how much more of this the shareholders can take.
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One would have thought they have already had enough but CEO and board are still there overseeing the spiraling decline of Qantas.
 
petercr said:
3500+ signatures already...
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petercr the following is not aimed at you....

What a useless exercise! If you want to change the board/CEO put your money where your mouth is! The shareholders will act when they see a need to do so.
 
Reading the comments on the petition scares me. Remember AJ is most likely the front man and not the actual person coming up with these choices. There are CEO's, head of departments and management teams under QF that look after their own companies. AJ doesn't just cruise around like a cowboy firing off bad move after bad move. In most cases he probably never gets involved. Although he's the public face of all public negtivity, others down the food chain are responsible too.

I thought this vid was a great watch to show differences in thinking about QF: Sam blamed for Qantas cuts - Sunrise
 
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amaroo said:
What a useless exercise! If you want to change the board/CEO put your money where your mouth is! The shareholders will act when they see a need to do so.
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One would think, if the fund managers at JP Morgan, HSBC, NAB, & Citi (who at the time of the last annual report owned 70% of the company), or their equivalents today if ownership has changed, were extremely dissatisfied with the direction being taken they could put some pressure on the board. And one suspects they would have more insight into the direction of the company and the extent - or not - of the crisis (vs political posturing), than the average member of the public, or even average AFF member.
 
dajop said:
One would think, if the fund managers at JP Morgan, HSBC, NAB, & Citi (who at the time of the last annual report owned 70% of the company), or their equivalents today if ownership has changed, were extremely dissatisfied with the direction being taken they could put some pressure on the board.
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The shareholdings attributed to JP Morgan, HSBC et al are nominee services - beneficial ownership likely rests with a third party.
 
An online petition is going to have no influence on decisions. Ultimately the board will decide who will be the CEO. And they will in turn be influenced by the significant shareholders
 
SeatBackForward said:
An online petition is going to have no influence on decisions. Ultimately the board will decide who will be the CEO. And they will in turn be influenced by the significant shareholders
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Correct - if anything, the board has to go first.
 
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