Original article by Ayesha de Kretser,Joe Aston
The Australian Financial Review – Page: Online : 6-Sep-23

Qantas CEO Alan Joyce has stepped down with immediate effect, stating that recent events have made it clear that he should bring forward his retirement by two months and allow the airline to move ahead with its ‘renewal’ as a priority. Qantas has come under scrutiny over its role in lobbying the federal government to block Qatar Airways’ request for additional flights to Australia, as well as legal action by the Australian Competition & Consumer Commission over allegations that Qantas had sold tickets for more than 8,000 flights that it had already cancelled. Incoming CEO Vanessa Hudson will face the challenge of restoring Qantas’s reputation. Michele Levine, the CEO of Roy Morgan, which surveys the public regularly on the question of whether Corporate Australia is facing moral bankruptcy, says the poor behaviour of many of the economy’s corporate leaders reveals a moral blindness to what is ethical and in the community’s interest rather than solely in the shareholders’ interest.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN,ROY MORGAN LIMITED