Tag: economy
The Spirit of Australia?
by Daniel on Jun.05, 2008, under Opinions, World
If you’ve been watching the news lately, you’ve probably heard about QANTAS cutting back on flights and jobs to avoid ‘losing money’. What QANTAS fail to mention is that they rake in billions each year and that the purpose of the cutbacks are to preserve those profit margins.
In short, QANTAS won’t ‘lose’ any money but not cutting jobs/flights. They’ll just fall a bit short of their profit estimates.
This is the way business is run in our world in which shareholders take precedence over customers/employees. Who cares about the people that actually work for and use the services of a company as long as the shareholders get their money’s worth?
I’m not saying that shareholders should also be ignored – that’d be stupid. They do support the company they buy shares from. But why can’t there be a healthy balance?
