As flies to wanton Qantas boys

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Former Victorian Premier, Jeff Kennett, has called on Geoff Dixon to resign. From the AFR:

Speaking to The Australian Financial Review outside a tourism conference in Sydney on Thursday , Mr Kennett – recognised as having reinvigorated tourism in Victoria when premier and for being part of the negotiations that helped deliver Emirates to Australia in the 1990s – said: “I know Geoff. He’s a good man; he’s got a creative mind.

“But he’s been head of the airline. He’s had his opportunity to bring off the privatisation, and that didn’t work. Often people who have been in senior positions have to back away a bit once they hand over the reins.”

…Earlier this week, Qantas chief executive Alan Joyce advised Mr Ferguson he was suspending up to $44 million in rolling funding from next June,citing an “untenable conflict of interest” because Mr Dixon is part of a powerful group of investors who have amassed a 1.5 per cent stake in Qantas while expressing reservations on the airline’s strategy.

Good on Jeff Kennett for bringing some sensible accountability to Australia’s boys club of elites.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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