Jimmy_041 wrote:Both are public companies but Qantas has a limit on foreign ownership.
The really interesting part of this is John Borghetti missed out on the top QF job to Alan Joyce and is now showing why he was the better choice.
Both are now making losses but Qantas are making huge losses trying to maintain their 65% domestic market share which is unsustainable
They are a public company and shareholders are responsible, not the people of Australia
Again we are being asked to pick up the tab for bad management and or practices.
You have to wonder where these companies are getting this "welfare state" mentality.
I agree with you there.
It is frustrating for us small shareholders though, because so long as the big institutional shareholding companies vote with the present management we have no hope of pushing for any change. As those on the Boards of the big share investing companies are in mutually beneficial relationships with, or mates of, those on the the Boards of the companies they hold the shares in, they vote with them to improve general board member policies and remuneration packages.
It is a bit like appointing a Judge to determine MPs' pay rates then linking Judges salaries to those of MPs.