Forum Archive Index - September 2001

["Viewpoint ." <viewpoint_@hotmail.com>]

Nearly everybody under the sun has been blamed for the demise of Ansett.

The directors seem to taking most of the blame and at the end of the day 
they should.

But are they only pawns in a bigger game? - the game being played with the 
banks.

After all the banks provided the funds for this ego trip and need to take 
some of the blame as well.

The banks who could (and probably will) take a bath as a result of all this 
are apparently the ANZ and NAB.

Incestuous lot those on the airline and banking boards.

Charles Goode is Air New Zealand Director and Chairman of ANZ and SIA
Margaret Jackson is Qantas Chair and ANZ Director
Gary Toomey is ANZ Director and CEO of Air New Zealand (and ex Qantas 
employee)
Rod Eddington is Qantas Director and is also on News Corp Board (and was CEO 
for Ansett for three years)

Charles Goode is also apparently good mates (or can influence) with John 
Howard. In his role as Chairman of Woodside the Shell deal ran into problems 
of a political kind.

Must have been some interesting conversations that took place in different 
boardrooms recently.

And this does not even mention the BIL and Air connections

Who were really pulling the strings?

But sadly it is all the small shareholders who have really missed out badly 
in this whole debacle


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