In 'The Australian' online (I can't find it in today's print edition), doyen Robert Gottliebsen has a major 'go' at QAN.
We ought all subscribe digitally (and preferably for the print edition as well) as I do, but here's a brief extract with which Tony75 will offer little disagreement I suspect!
"...• In 2022-23, Qantas was a cash generating powerhouse and, in my view, the board should have used those strong profits to issue shares to lessen the risks in Qantas by backing it with genuine shareholders funds. Instead of issuing shares they began buying back shares and that buyback coincided with Alan Joyce selling his shares at $6.75 a share, yielding him $17m. The shares later fell below $5..."
Will QAN survive?, page-6263
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