Ann: Half Yearly Report and Accounts, page-4

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volvoman

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23/08/24

09:44

Post #: 75337769
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Originally posted by WilliamPike: ↑

I agree. Year after year we do trials and provide stellar results. I find it depressing. For several years now I have been saying to my family "next year it will happen." Bureaucratic inertia is hard to move.
As for the bleeding of cash, I have every confidence in WP but I do sometimes wonder what Al "Chainsaw" Dunlap is doing these days. I once tried to do business with a firm that laid bitumen on driveways, playgrounds etc. Finally found the boss, known as "Tarpit Toby" in his office at 4.15 pm. He said that he didn't have office staff and answered all his calls after work finished at 4 pm. "I am not very well educated" he explained "so the only people I employ are putting bitumen on playgrounds". After that I often walked around the QANTAS Admin building (nine floors ) wondering how many were not putting bitumen on playgrounds. There was an entire floor of aeronautical engineers employed to "justify" (in engineering terms) changes such as toilets in a different place than where Boeing put them, galleys likewise etc.. And "differences" required by the drop out dunces employed at CASA who knew more than Boeing and the FAA combined. (Exit lights had to be green, not red. And other self-important stuff.) How much would have been saved if they just flew them as delivered?
But I digress.
Anyway, perhaps no longer relevant but it is my totally unqualified opinion that we had high level CFO type staff when and accountant would have sufficed. (We are probably at critical mass now and need such folk.)
I was amused at an article I read on the public service. The thrust was that it reaches a point where it continues to grow without any increase in production. An extra staff member means that the numbers are reached whereby one extra tea lady is required and this requires another person in pay staff and accounting who then require more parking and more parking staff and thereby another tea lady. Even one unrequired person has a snowball effect. An accountant works at his job. A CFO requires staff. And so it goes. Think small. Time for my nap.

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"Next year it will happen"

How very apt, exactly what sticks in my head too (for over 10 years now).

And i know that the day i sell, out of sheer frustration, within a few days "it will happen".

V.

Last edited by volvoman: 23/08/24

AVR Price at posting: $15.50 Sentiment: Hold Disclosure: Held
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