Shareholders finally have their chance today to quiz BA executives, including Willie Walsh, about the Heathrow Terminal 5 (T5) opening fiasco at BA's annual meeting in London.
Good luck to them (the shareholders)!
Showing posts with label shareholders. Show all posts
Showing posts with label shareholders. Show all posts
Tuesday, 15 July 2008
Tuesday, 15 April 2008
Standard Life Demands Answers
Standard Life Investments (SLI), one of BA's largest shareholders, met with BA chairman Martin Broughton yesterday to discuss the fiasco of Terminal 5 Heathrow.
Standard Life Investments, which owns 9.2% of BA, asked for the meeting with Broughton in order to raise its concerns about the shambles.
Neither Standard Life Investments nor British Airways would answer questions, last night, about their meeting.
David Cummings, SLI's head of UK equities, and Guy Jubb, the head of corporate governance, will meet BA's CEO Willie Walsh today.
Standard Life Investments, which owns 9.2% of BA, asked for the meeting with Broughton in order to raise its concerns about the shambles.
Neither Standard Life Investments nor British Airways would answer questions, last night, about their meeting.
David Cummings, SLI's head of UK equities, and Guy Jubb, the head of corporate governance, will meet BA's CEO Willie Walsh today.
Sunday, 6 April 2008
"Normal" Service II
I see that "normal" service at Heathrow Terminal 5 in fact means further lost baggage and cancelled flights.
Will this terminal ever work as we were told it would?
Willie Walsh has said "Blame me"; fair enough, but as yet he refuses to resign.
Given that the problems are persisting and that the fault for this lies full square at the feet of BA, which tried to save money by not training enough baggage operatives, why has Walsh not been forced to resign?
Jim McAuslan, general secretary of the British Airline Pilots’ Association (Balpa), is quoted in The Times:
"Banks, institutional investors and analysts need to wake up to the fact that there is something very wrong right at the heart of this company that is making our great brand a laughing stock . . . we want confidence in our leadership, not arrogance."
Balpa will urge top shareholders this week to force a change in management, in the wake of the Terminal Five fiasco.
Were that to succeed, we can be sure that Walsh et al will receive some very handsome payoffs.
Will this terminal ever work as we were told it would?
Willie Walsh has said "Blame me"; fair enough, but as yet he refuses to resign.
Given that the problems are persisting and that the fault for this lies full square at the feet of BA, which tried to save money by not training enough baggage operatives, why has Walsh not been forced to resign?
Jim McAuslan, general secretary of the British Airline Pilots’ Association (Balpa), is quoted in The Times:
"Banks, institutional investors and analysts need to wake up to the fact that there is something very wrong right at the heart of this company that is making our great brand a laughing stock . . . we want confidence in our leadership, not arrogance."
Balpa will urge top shareholders this week to force a change in management, in the wake of the Terminal Five fiasco.
Were that to succeed, we can be sure that Walsh et al will receive some very handsome payoffs.
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