1y ago

Alan Joyce to leave Qantas after tumultuous week to make room for 'renewal'

www.abc.net.au Alan Joyce to leave Qantas after tumultuous week to make room for 'renewal'

Embattled Qantas boss Alan Joyce brings his retirement forward by two months after a horror period for the airline.

Alternative title: Gutless worm flees the mess he made, having extracted the maximum personal wealth he could at the expense of staff, customers, and the public

12 comments

Arrogant narcissistic piece of shit. When everyone was suffering he collected a bonus...

Off he goes with his pot of gold and lucky charms

That's nice and all. But will his replacement actually fix the deep-rooted problems?
- The replacement's job isn't to fix the problems, just to make it seem like they're doing something.
- Probably too late for some of it. From what I've read, Joyce has let the competition leap frog then by not keeping up with infrastructure and replacing old planes.
  It's going to require a lot of capital to fix that. Maybe they can just ask the government though.
  
  Hey I’ll happily help foot the bill if they nationalise
- From what I understand the new CEO was the former CFO so has actively contributed to said problems.
- Heck no. The problems will remain forever, they'll just be blamed on him after he leaves.

This is the best summary I could come up with:
Qantas announced his early departure saying Mr Joyce would bring forward his retirement by two months to help the company "accelerate its renewal".
"In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority," Mr Joyce said in a statement.
"The best thing I can do under these circumstances is to bring forward my retirement and hand over to Vanessa and the new management team now, knowing they will do an excellent job."
This news of Mr Joyce's departure comes less that a week after the competition regulator launched legal action against Qantas for allegedly selling tickets to flights that had already been cancelled over a three-month period in 2022.
Qantas chairman Richard Goyder thanked Mr Joyce for his service, saying his decision to bring forward his retirement showed he was putting the company first.
"We have an important job to do in restoring the public's confidence in the kind of company we are, and that's what the board is focused on, and what the management under Vanessa's leadership will do," he said.
The original article contains 330 words, the summary contains 192 words. Saved 42%. I'm a bot and I'm open source!

Qantas was the national carrier until it was privatised in 1992. Much as we like to romanticise Qantas as a symbol of Australia, it is just another large corporation and profits at all costs will always win.

Is he still getting that $20mil ? That lil fcker actually fked 25mil Australians. Judging from his accent ? Where is he from ? Sounds Irish or Scottish.

massively overvalued on the share market still. will take a lot of work and time to stabilise the company

12 comments