Tips and rumours

Mar 3, 2014

Tips and rumours

Lunch with the boss at Telstra ... Qantas rushes 'strategy' last week? ... goss from launch of Saturday Papaer ...

From the Crikey grapevine, the latest tips and rumours … Lunch with the boss at Telstra. Well, this is nice: Crikey hears Telstra boss David Thodey sets aside one lunch each quarter to meet with a lowly staff member identified as having done a good job. Presumably the chief executive -- who took home $8.8 million in 2012-13 -- picks up the bill.  Wonder if Sol Trujillo did the same thing …? Qantas wings it? Is the rumour true that "Qantas management repeatedly told Alan Joyce the Strategy Document would not be completed by February 27 and he responded with the 'show' must go on"? February 27 was D-day for Qantas, when Joyce announced the company would cut 5000 jobs and make various other changes. Some critics say the strategy did not go far enough towards giving Qantas a shot at being profitable. Who me, a demented plutocrat? Malcolm Turnbull has had to hastily explain that he was not thinking of Rupert Murdoch when he made a reference to a "demented plutocrat" loss-making newspaper baron in his speech launching The Saturday Paper on Friday night. Here's a snippet from his blog:
"In the course of the speech I also noted that Morry Schwartz has said that he operates his publishing ventures - Quarterly Essay, The Monthly and Black Inc at a profit and that he hopes to do the same with The Saturday Paper. I observed that he was therefore not "a demented plutocrat" who establishes and runs newspapers at a loss to peddle his own views. "Given that earlier in my speech I had referred to William Randolph Hearst  (immortalised by Orson Welles in Citizen Kane) I was surprised that some people have inferred I was referring to Rupert Murdoch."

We'd just point out that Murdoch's pet project, The Australian, makes a loss but is undoubtedly influential -- please don't take us to ACMA, Chris Mitchell! Meanwhile, this is what Murdoch tweeted yesterday, to put to bed any suggestion that he is a demented plutocrat who uses his wealth to wield power:

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2 comments

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2 thoughts on “Tips and rumours

  1. Bill Hilliger

    Some say perhaps Loopert believes that NYC should be run by the intellectual heavyweights from the fux noos stable. May his ozzie national rag keep losing $$$ at an ever increasing rate.

  2. AR

    Of course I believe you Malcolm.

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