Forum Archive Index - November 2003

[mixtrader <mixtrader@clear.net.nz>]

I agree

The lack of due diligence falls squarely on the shoulders of one empire
building director - Selwyn Cushing.  He holds too many directorships to do
any of them justice.  Have been told by another director who was on a board
with him that he has been known to open the board papers for the first time
when he arrives at the board meeting.

The Australian Government was hardly blameless either with all of the
commercial barriers that exist in their system.  Remember also that Ansett
had always operated on a wing and a prayer with most of their ability to
keep functioning through the many difficult times they experienced due
largely to the personality of their founder - Reg Ansett.

----- Original Message ----- 
From: <philip@goodreturns.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, November 24, 2003 8:05 AM
Subject: RE: Re: [sharechat] tell me I am wrong by macdunk


> Hear hear
> What still astounds me is that AIR could spend all that money on the
second
> half of Ansett without doing proper due diligence.
>
> -----Original Message-----
> From: sharechat-owner@sharechat.co.nz
> [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of hugh webber
> Sent: Monday, November 24, 2003 7:58 AM
> To: sharechat@sharechat.co.nz
> Subject: Re: Re: [sharechat] tell me I am wrong by macdunk
>
> Aw c'mon. You can't blame Air NZ for the Ansett debacle in Australia,
sounds
> like you have been
> brainwashed by
> Australian propaganda.
>
> Blame (a) the Australian Government for insisting on bringing in more
> competition at the same time
> as they agreed to Air NZ taking over Ansett
>            (b) the Australian unions for refusing to let Air NZ do any
> rationalisation between
> Ansett and
> Air NZ e.g. the engineering and maintenance
>             (c) previous Australian ownership for running down the Ansett
> fleet and freezing Air NZ
> out
> of the picture until the last moment.
>
> Given all that it was inevitable that Ansett would crash and burn.
> What is weird is the Australian media and pressure group interests to try
> and then blame Air NZ for
> it
> and for creating silly propaganda stories proven to be untrue that Air NZ
> had been stripping cash
> and
> parts out of Ansett before its demise.
>
> It all lines up with stab your Anzac mate in the back as played by John
> O'Neill and never give a
> sucker
> a break which is the usual Aussie attitude to NZ.
>
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