Tag: Alan Joyce

Corporate control, Corporate Crime, corporate impunity

Former Qantas CEO Joyce faces extraordinary jail threat

It’s called “posturing” by an inquiry that will be a whitewash rather than a genuine investigation into QANTAS and the fiefdom Joyce once controlled.

Former Qantas boss Alan Joyce has been threatened with jail time if he refuses to front a public inquiry into the blocking of extra flights from Qatar.

Source: Former Qantas CEO Joyce faces extraordinary jail threat

Australian Scams, financial scams

Alan Joyce selling his own Qantas shares into the buy-back, que? – Michael West

Alan Joyce Qantas results presentation

What’s the scam with the Qantas board letting CEO Alan Joyce dump $17m worth of his own Qantas shares into the share buy-back?

The scam is buy-backs. They simply prop up the share price using shareholders’ own money, not to mention, in the case of Qantas, the public’s bail-out money. And this buy-back is already in the red so Qantas shareholders have helped Alan get out for a higher price. Meantime, not one new aircraft was bought under the Joyce regime, so the fleet ran down, customer service ran down and now Alan’s successor faces a massive capex bill to fix things.

If they had nationalised Qantas when the Pandemic hit, the government would be floating it again for $12bn now.

Source: Alan Joyce selling his own Qantas shares into the buy-back, que? – Michael West