There are 2 people should be responsible for this disaster....

There are 2 people should be responsible for this disaster.

David Hearn

1. Amateur - no escrow for JH’s free shares.
2. Incompetence - can’t predict JH will dump all her shares.
3. Irresponsibility - sp drop $2 since JH dumped all her shares . No announcement to explain what’s going on.
4. Greedy - although a2m had $300m+ in the bank, he still offer the incoming CEO with free shares at the cost of shareholders instead of cash payment.

JH

1. Selfish - The recent disposal of ~357k shares by her is disappointing given the short time frame at the helm. She know the consequences however she doesn’t really care. At the end of the day , she get the $ , that’s the only thing matters.

2. Dishonesty - She betral all the shareholders and backstab DH who chose her as the incoming CEO. She slap on his face hardly. Her selling set a bad example for other directors on board to follow.

3. Personal financial chaos - after being paid $8M by Qantas for the last 8 years , she still need to sell 357k a2m shares to meet the tax obligations and fund other daily expenses.

I remember last AGM, all directors on board being voted to remain their current positions. However the chair - David Hearn is the only one with only 70% voting yes. The rest are all above 90%. Now , I know the reason.

I believe both JH and DH need to resign.