Damn he's good. QF is screwed.
So... it's time to cash in all our QF points and cut up our cards?
Just wondering - I don't want to be training a horse which is bound to be shot.
Very smug indeed! Makes me want to buy a truckload of DJ shares tomorrow...
If we're talking like Apple Corporation share spike post-iPod 4G....
What is so frustrating when watching interviews like that is realizing just how badly QF have screwed things up over the last few years.
There's no reason why QF shouldn't be destroying little old DJ, given their superior existing facilities and worldwide network/connections, yet DJ seems to just be doing everything right while QF plays the same old losing games. How a company of that size can tolerate a board that is so out of touch with their staff and customers is beyond me.
Could be time for a shareholder revolt.
Doing a lazy search on Google and finding Qantas Pilots, "The Major Shareholders of Qantas" are:
TWENTY LARGEST QANTAS SHAREHOLDERS
1. J P Morgan Nominees Australia (J P Morgan)
2. HSBC Custody Nominees (Australia) Limited (HSBC Bank)
3. National Nominees Limited (National Bank of Australia)
4. Citicorp Nominees Pty Limited (Citibank)
5. Cogent Nominees Pty Limited
6. Australia Reward Investment
7. Queensland Investment Corporation
8. Pacifica Group Plans Ltd
9. Tasman Asset Management Ltd
10. AMP Life Limited
11. Bond Street Custodians Limited
12. USB Wealth Management Australia Nominees Pty Ltd
13. The Senior Master of the Supreme Court
14. USB Nominees Pty Ltd
15. UCA Growth Fund Limited
16. ARGO Investments Limited
17. Suncorp Custodian Services Pty Ltd
18. Share Direct Nominees Pty Ltd
19. Woodross Nominees Pty Ltd
20. RBC Dexia Investor Services Limited
Further according to the site, the top 4 shareholders have 70% of the shares.
So if you think a shareholder revolt is in order, I'd be thinking that anyone on this list be on your target list. That or better start some major praying, voodoo chants or weird deity dancing to bring rightful, swift and painful retribution (preferably of the physical or fatal kind) to the smart alecks controlling those companies who think that the current Qantas board is doing a swell job. You may also want to pray for a similar penalty upon Alan Joyce. (Now where was that person that was trying to kill him in the first place? He might be useful...)
Though, as it stands, if QF is doomed because JB is on the other team, then perhaps a much easier thing to do would be to virtually "burn" the company down extremely quickly, declare bankruptcy, and start all over again with no baggage. No point prolonging death if it is going to happen soon.
