Sale of Qantas imminent

Old Dec 15th, 2006, 04:35 PM
  #21  
 
Join Date: Aug 2003
Posts: 9,922
Likes: 0
Liked 0 Times in 0 Posts
"...no major changes for now."

Well, that's all right, then. I'm with Bokhara. I've spent too much time observing the behaviour of senior executives to take any comfort whatever from that. What would you expect Geoff Dixon to say when the deal has yet to receive government approval? To quote the famous 1960s call girl Mandy Rice-Davies, "Well, he would say that, wouldn't he?" I'd also take into account the fact that Qantas' senior executives, whose pay packages would include share options, will see their personal wealth leap when the deal goes through.

Although large companies pay lip service to serving the interests of all three, when it comes to the crunch shareholders trump customers and staff. Small shareholders are prety much powerless, because the bulk of shares are held by institutional investors, managed investment funds and the like with no loyalty to the companies they put their money into. That's fair enough - I don't want my superannuation fund blowing my savings on sentiment. But this is where governments come in, in my book. It's their job to look after the long-term national interest.
Neil_Oz is offline  
Old Dec 15th, 2006, 10:39 PM
  #22  
 
Join Date: Aug 2003
Posts: 9,922
Likes: 0
Liked 0 Times in 0 Posts
"But this is where governments come in ... It's their job to look after the long-term national interest."

- I should have said that I'm not holding my breath waiting for that to happen.
Neil_Oz is offline  
Old Dec 18th, 2006, 02:17 AM
  #23  
 
Join Date: Apr 2005
Posts: 1,077
Likes: 0
Liked 0 Times in 0 Posts
"I should have said that I'm not holding my breath waiting for that to happen."

As you say, Neil, this government will do nothing.

Sell it all off - the "family silver" - like I said, the market, in some quarters, is king. Can do no wrong.

This really isn't about FF points; it isn't really about safety. It's about adherence to blind free market economics - and it's about greed.

I wish I could collar a Macquarie executive to ask them why they do it. Oh, the answer would be the money, the bonus. But hey, how much money do you need? I mean who are these people? Could you live with yourself if you were like them? Would you let them in the front door?

If you would - then by implication you don't really mind them buying Qantas.

Think about it.

fuzzylogic is offline  
Old Dec 18th, 2006, 12:41 PM
  #24  
 
Join Date: Aug 2003
Posts: 9,922
Likes: 0
Liked 0 Times in 0 Posts
fuzzy, I was told (can't vouch for the accuracy though) that the CEO of Macquarie is expected to collect $60 million this year. As you say, how much does one person need? But you can bet that he'll be in there batting for even more next year. It's a sort of sickness, a monomaniacal power trip in which there can never be any final satisfaction.
Neil_Oz is offline  
Related Topics
Thread
Original Poster
Forum
Replies
Last Post
bwhizz
Australia & the Pacific
4
Mar 1st, 2011 10:55 AM
ivenotbeeneverywhere
Australia & the Pacific
22
Sep 29th, 2010 04:06 PM
mn2ca
Australia & the Pacific
6
Oct 31st, 2007 06:18 PM
inthechips2
Australia & the Pacific
4
Apr 21st, 2005 06:25 PM
prue
Australia & the Pacific
9
Feb 29th, 2004 08:12 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Do Not Sell My Personal Information

FODOR'S VIDEO