Qantas to dump CEO Joyce ?
According to the Australian Financial Review, the Chairman of Qantas, Leigh Clifford – formally one of the CEO’s greatest supporters prevaricated when asked about Alan Joyce’s future. In the midst of awful news for the company including record losses, and intentions to slash more than 10% of staff, Clifford apparently failed to support Joyce’s future saying ‘I’m not willing to engage in that debate at the moment. At some later date, I may be willing to talk on those matters’.
If you can’t get your chairman to make an unqualified statement of support for you as CEO in the midst of a crisis – then it might be time to make sure your bags are packed for a quick exit.