[CallMeIshmael]

Walsh remains clueless in how to lead a company. Both his strategy and execution are demonstrably dire.

The decision to buy/merge IB was a fundamentally bad decision. Period. It could even result in taking BA down with it.

Walsh chose to ignore all the blatantly obvious signs that both the company and the country was a basket case and will be for years to come. The term PIGS (S for Spain) being in common use throughout the markets for the economies with severe issues – Walsh arrogantly ignored it!

The necessary restructuring of BA was so badly executed the schism Walsh created will last for years. Bad morale, zero motivation remains rife. High churn of cabin staff plus countless expensive initiatives to fix the issues caused by Walsh’s incompetence. The list goes on….

In tough times it is even more important to motivate employees. Leadership 1-0-1 show your team you are in it with them – AND TAKE YOUR NOSE OUT OF THE TROUGH

You do not motivate and win hearts and minds of people by luxuriating, along with the board, in their own multi-million packages yet plead dire need to the rank and file.

Walsh and the IAG board need to take a lesson from recent history……

Recall Nov 2008, the 3 major US auto industry companies, GM, Chrysler and Ford begged for a US government bail out. Each CEO flew to Washington in their separate private jet to plead for $25billion.

http://abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1

“There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses,” Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee.

They were sent packing…

Eventually a bail-out was negotiated, terms included…

The three CEO’s agreed to work for $1 a year and sell their corporate jets.

Walsh needs to get savvy and get his nose out of the trough if he wants support from governments, arbitrators, shareholders, employees and the like.

[VintageKrug]

I haven’t bothered to read the diatribe above.

I’m sure it’s interesting for Socialists, but it’s probably just an anti-Walsh rant.

We can only guess the motivation for such a personalised anti-Walsh campaign. Perhaps someone with a grudge?

As ever, lots of problems are no doubt highlighted, but very few solutions suggested.

What is required at Iberia, as has already been demonstrated by him at BA, is clearly stated priorities which focus on profitability and ensure that the egregious practices of the past are exorcised; the success in overcoming these issues at BA with stand him and his team in good stead for this.

The purchas eof Iberia repaired BA’s balance sheet, and allowed it the resources to make the recent purchase of bmi which is central to its future stratey at Heathrow.

Losing IB to a competitor airline grouping would have been a disastrous situation for BA, and would have consigned the airline to the Dead Horse that is LHR.

Buying IB has given them access to South America, one of the largest major emerging economies, and scope for expansion at MAD.

The economies of scale are already evident.

The workforce issues in Spain need to be aggressively addressed. The alternative is simply to shut down non-performing assets, and re-create them with a model fit for the 21st Century.

[Age_of_Reason]

I think you’ll find it’s constructive criticism, with worked examples. Perhaps you could park your vitriol and tell us who you are and what is your agenda?

[VintageKrug]

Who I am is none of your business :O-

[VintageKrug]

I haven’t ever seen any relevant examples.

If any appear, be sure to let me know.

In the meantime, I’d be interested to know what the Unions are doing to increase efficiency, profitability and make the day to day working lives of their members better.

[VintageKrug]

enter stage left *tumbleweed*

[SimonS1]

Share price down almost 3% in today’s trading.

Worst performer by a mile (the next worst is down 0.4%).

[VintageKrug]

There is the small matter of the collapse of the Spanish economy, but no doubt that can be laid at the door of WW as well. *rollseyes*

So what are the Unions doing to maximise profitability and justify a bonus for their members?

[VintageKrug]

In another illustration of the structurally challenging environment facing UK carriers, Virgin has announced a £80 million loss.

During the same period, and despite the shackles of the pension scheme, BA made an £8m profit.

[Bruce98]

++Who I am is none of your business :O-++

Noted, filter set to zero credibility for any assertions made by this poster.

[MartynSinclair]

Perhaps its time to shut this one off too! Just as things were getting pleasant again!!

[VintageKrug]

Quite right, Martyn. Things had become noticeably more convivial in recent weeks.

It’s time this thread was deleted, it only attracts the more unpleasant elements, with yet another personal attack from Saviour Monk to add to his ever-growing rap sheet:

Savior_Monk – 03/08/2012 20:30 GMT wrote in response to VK:

++Who I am is none of your business :O-++

“Noted, filter set to zero credibility for any assertions made by this poster.”

—

We can add the above to the canon of personal attacks and insults, some people never change:

Savior_Monk – 26/07/2012 16:03 GMT wrote in response to VK:

“you despicable prat”

Savior_Monk – 23/07/2012 11:35 GMT wrote in response to VK:

“Not really, it’s more a question of whether you have sensible judgment or think like a prat.”

Savior_Monk – 15/07/2012 12:02 GMT wrote:

“Gosh, this Vintage Krug is a nice piece of work?”

Savior_Monk – 14/07/2012 04:36 GMT wrote in response to VK:

“What planet are you on pal?”

Savior_Monk – 09/07/2012 07:12 GMT in response to epeek06:

“Idiotic comment above.”

….not a bad rap sheet for just 30-40 posts, some of which have had to be deleted since Saviour joining just four weeks ago, allegedly as a completely new poster to BT.

[Bucksnet]

You do seem to attract the personal attacks VK. I wonder why?

[VintageKrug]

Because there’s a post on this thread on the BASSA forum and when they get bored, or particularly peeved with BA management actually managing (or as they see it “breaking their agreements”, as they reckon happened last week) they pop up on here and take cowardly pop shots hiding behind multiple handles and pseudonyms, whilst criticising me for maintaining my anonymity.

It’s not just me – take a look above and you’ll see epeek06 was also a focus of Saviour’s unpleasantness, and below Ishmael criticises MartynSinclair.

Their ire is probably sparked today by Willie’s bullish talk at the Q2 Earnings presentation about dealing with the Unions in Iberia:

http://www.iairgroup.com/phoenix.zhtml?c=240949&p=irol-presentations

They then have the temerity (another good one for scrabble!) to suggest I’m the one causing the unpleasantness.

Boring for everyone else to read, and not related to Business Travel.

Such posts are misguided and sad.

I do not, and never have worked in any capacity at BA or any of its connected entities, nor has anyone connected to me. As I have said more times than many of the posters in this thread have sent their dues to the accounting black hole which is BASSA.

What scares them is an alternative voice, which casts light on their untruths.

Have a super weekend, we’re off to the Tennis tomorrow!

[CallMeIshmael]

So this is the tactic for Vintage Krug and his sidekick Martyn Sinclair. Take any thread they disagree with, post multiple puerile responses to reasonable comments and then demand that the thread is deleted as it attracts unpleasantness – despite Vintage Krug initiating and being the main culprit causing the unpleasantness.

It appears that that convivial forum requires compliance with Krug/ Sinclair views. No wonder this forum has lost so many erudite, genuine businessmen and travellers recently.

Messrs Sinclair and Krug – just stop reading this thread. Simplez.

[Author]

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