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23-09-2019, 03:12 PM
#13971
Oh dear - another of Jayne's Jetstar pals transferring into ATM management.
https://www.nzx.com/announcements/341408
While I don't know anything about Race do I start to wonder how Jetstar could perform so poorly under this team which is now "top cream" for ATM?
Last edited by BlackPeter; 23-09-2019 at 03:15 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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23-09-2019, 03:26 PM
#13972
Do you believe that the current CEO's performance has been bad?
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23-09-2019, 03:28 PM
#13973
Originally Posted by BlackPeter
Market seems to like it....
FWIW I like the way it has been handled with the current CFO staying on as added security. The Unilever experience and acquisitions experience could be v good in this role and more than compensates for any Jetstar negatives.
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23-09-2019, 03:36 PM
#13974
Originally Posted by Left field
Market seems to like it....
FWIW I like the way it has been handled with the current CFO staying on as added security. The Unilever experience and acquisitions experience could be v good in this role and more than compensates for any Jetstar negatives.
Market was already up before that news come out.
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23-09-2019, 03:37 PM
#13975
Originally Posted by davflaws
Do you believe that the current CEO's performance has been bad?
Too early to measure at this point, give it another year.
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23-09-2019, 03:44 PM
#13976
Originally Posted by couta1
Too early to measure at this point, give it another year.
Looks like a good CFO hire to me and probably attributable to Ms Hrdlicka's previous business relationship while at JetStar.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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23-09-2019, 03:47 PM
#13977
Originally Posted by Beagle
Looks like a good CFO hire to me and probably attributable to Ms Hrdlicka's previous business relationship while at JetStar.
Lol Beagle that hiring is not a measure of her performance.
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23-09-2019, 03:57 PM
#13978
Originally Posted by couta1
Lol Beagle that hiring is not a measure of her performance.
Well...yes and no...it is probably a measure of the worth of her business contacts network and the regard she is held in, by them.
Poaching the CFO of well performing Qantas looks like a pretty good hire to me. They've been pretty good at counting beans over there...
Some very good experience http://www.sharechat.co.nz/article/0...ilk-as-cfohtml
Need to count lots of beans before you learn to spot the bad and doubtful ones...no substitute for experience.
Last edited by Beagle; 23-09-2019 at 04:03 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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23-09-2019, 05:30 PM
#13979
Originally Posted by davflaws
Do you believe that the current CEO's performance has been bad?
Unfortunately it takes five years (give or take a year) to really assess the performance of a CEO - and until then they typically move on.
I don't think that she did a great job at Jetstar ... and she had already a handful of slips at ATM. Sure - she is a smooth talker, but is this enough to bring this company to the next level ? I doubt it.
Somewhat concerned as well about the huge blowout of senior positions under her reign. You need a small team of top performers to run a high performance company, not lots of average people ...
If Jetstar really had this unique combination of top people in their leadership ranks, than I find it hard to understand why they are such an underperformer.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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23-09-2019, 05:35 PM
#13980
Originally Posted by BlackPeter
Unfortunately it takes five years (give or take a year) to really assess the performance of a CEO - and until then they typically move on.
I don't think that she did a great job at Jetstar ... and she had already a handful of slips at ATM. Sure - she is a smooth talker, but is this enough to bring this company to the next level ? I doubt it.
Somewhat concerned as well about the huge blowout of senior positions under her reign. You need a small team of top performers to run a high performance company, not lots of average people ...
If Jetstar really had this unique combination of top people in their leadership ranks, than I find it hard to understand why they are such an underperformer.
Agree 100%. Gargantuan increase in spending on marketing too going forward. Very very different approach to Geoffrey Babbage. Jayne says all the low hanging easy fruit has already been picked or words to that effect. A cynic might suggest you can usually mark out underperformers when they pre-prepare their excuses for lower future growth.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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