#58 – QANTAS $3B LOSS, RISK IS MORE THAN COMPLIANCE – GREG CARROLL

GregCarrollWhere was the QANTAS Board Risk & Audit Committee during the past 6 years of Alan Joyce’s systematic destruction of, at one-time, one of the world’s leading airlines?

Although there are growing calls for the sacking of Alan Joyce as CEO of QANTAS following the announcement this week of a $3b loss, there is a still a strong chorus of supporters saying the result is just a myriad of complex problems i.e. a death by 1000 cuts.   To the outside world it looks more like Monty Python’s mutilated Black Knight maintaining “Tis but a scratch”. (https://www.youtube.com/watch?v=zKhEw7nD9C4) Continue reading