CEO Rupert Hogg resigns; also other top execs
Aug 16, 2019, 4:18 am
#16
Join Date: Jan 2016
Location: Taiwan
Programs: CX DM (OWE), Accor Gold
Posts: 379
I also very much concern about its development...
The way I like CX is her HK esprit, warm, kind and effective service.
However, Im not quite sure to support CX if she would become a Chinese airlines.....
Tomorrow I will have two legs on CX. The scene might be tense or a bit weird...
Will try to chat with cabin crew to see how this impacts...
The way I like CX is her HK esprit, warm, kind and effective service.
However, Im not quite sure to support CX if she would become a Chinese airlines.....
Tomorrow I will have two legs on CX. The scene might be tense or a bit weird...
Will try to chat with cabin crew to see how this impacts...
Aug 16, 2019, 4:22 am
#17
Join Date: Sep 2011
Location: MNL
Programs: CX MPO DM, Le Club Accor Platinum, World of Hyatt Explorist
Posts: 2,284
Aug 16, 2019, 4:24 am
#18
Join Date: Jan 2011
Posts: 2,345
Aug 16, 2019, 5:31 am
#19
Join Date: May 2012
Location: BKK/SIN/YYZ/YUL
Programs: DL, AC, Bonvoy, Accor, Hilton
Posts: 2,920
Another wound. While I appreciate that there is an undertone of politics, I believe that vested interests have been waiting for an opportunity to disrupt CX and damage the carrier 's positive position in the market. It has been a long time coming. The mainland carriers couldn't compete on the basis of service, quality, reliability, personnel nor come remotely close to the dynamic attraction of Hong Kong as a hub, and so their allies in the mainland military/political/industrial conglomerate waited for an opportune time to clip the wings of Cathay.
Oh sure, some will say, that any financial loss would hurt Air China and other mainland investors, but that impact is nothing when offset by the gains to other other holdings.The mainland interests are playing the long game and are moving with discipline and patience.
Oh sure, some will say, that any financial loss would hurt Air China and other mainland investors, but that impact is nothing when offset by the gains to other other holdings.The mainland interests are playing the long game and are moving with discipline and patience.
Aug 16, 2019, 5:37 am
#20
Join Date: Apr 2015
Posts: 30
Culturally, Swire folks are more able to adapt to this.
Many people feel corporations should exert control our government, including lobbying the government.
but in most Asia contries, including Japan, Thailand, Vietnam, Malaysia, Indonesia etc and to some extent South Korea, corporations tend to heed the voice of the government and not challenge it.
In China, it just more prominent and Swire having done business in China for over 100 years knows it better than most people.
Many people feel corporations should exert control our government, including lobbying the government.
but in most Asia contries, including Japan, Thailand, Vietnam, Malaysia, Indonesia etc and to some extent South Korea, corporations tend to heed the voice of the government and not challenge it.
In China, it just more prominent and Swire having done business in China for over 100 years knows it better than most people.
Aug 16, 2019, 7:28 am
#22
Join Date: May 2006
Location: North Yorkshire, UK
Programs: BAEC
Posts: 79
I genuinely feel sorry for Cathay Pacific as I think it has been caught in an impossible position - on one hand trying to stand by its employees and be seen to be doing the right thing; on the other hand, trying not to commit commercial suicide. The airline has been dragged - unwillingly - into the firing line and, as a result, seems to have had to move its corporate position from one direction to the polar opposite in the space of a few days and, as a consequence, there are calls for a boycott of the airline from all sides. The senior executives who have gone have paid the ultimate price and I suspect it is hoped that the "sacrificial lambs" will appease people on both sides of the debate and buy it some breathing room; but unless matters in HK get resolved soon, I fear that their replacements are soon going to be faced with exactly the same impossible situation.
Aug 16, 2019, 7:31 am
#23
Join Date: Jul 2019
Posts: 124
It's noteworthy that Augustus Tang, the new CEO has also been with Swire since 1982. So I think he is from the same generation as Hogg and Loo and probably has inherited the same way of doing business.
I still don't really understand what this CEO change is all about. Did CX try to please China with that, or did China wanted that story for their news to show their citizens that they are the ones with the final say.
Or does it really mean China has more influence on Tang than they had on Hogg. Can't imagine that Swire would just let that happen.
I still don't really understand what this CEO change is all about. Did CX try to please China with that, or did China wanted that story for their news to show their citizens that they are the ones with the final say.
Or does it really mean China has more influence on Tang than they had on Hogg. Can't imagine that Swire would just let that happen.
Aug 16, 2019, 7:58 am
#25
Join Date: Dec 2016
Programs: MP, BR
Posts: 375
Is it worrying just because a Chinese media reported this before the "formal" CX announcement? This happens all the time with other media (Bloomberg/CNN/Reuters/Fox from "credible resources" reports that Mr CEO has stepped down).
From a PR standpoint, this is a goodwill gesture. CX's way to "make up" with the Mainland authorities by giving CCTV an "exclusive" story so that Mainland will receive this story first hand. As long as CX has complied with other regulations such as Listing Rules (as a HK Listed Company) then there's not much to read into.
From a PR standpoint, this is a goodwill gesture. CX's way to "make up" with the Mainland authorities by giving CCTV an "exclusive" story so that Mainland will receive this story first hand. As long as CX has complied with other regulations such as Listing Rules (as a HK Listed Company) then there's not much to read into.
Aug 16, 2019, 9:16 am
#26
Join Date: Jul 2013
Location: SJC
Programs: Southwest, Alaska, United, American Airlines
Posts: 994
Another wound. While I appreciate that there is an undertone of politics, I believe that vested interests have been waiting for an opportunity to disrupt CX and damage the carrier 's positive position in the market. It has been a long time coming. The mainland carriers couldn't compete on the basis of service, quality, reliability, personnel nor come remotely close to the dynamic attraction of Hong Kong as a hub, and so their allies in the mainland military/political/industrial conglomerate waited for an opportune time to clip the wings of Cathay.
Oh sure, some will say, that any financial loss would hurt Air China and other mainland investors, but that impact is nothing when offset by the gains to other other holdings.The mainland interests are playing the long game and are moving with discipline and patience.
Oh sure, some will say, that any financial loss would hurt Air China and other mainland investors, but that impact is nothing when offset by the gains to other other holdings.The mainland interests are playing the long game and are moving with discipline and patience.
Aug 16, 2019, 9:31 am
#28
Join Date: Oct 1999
Location: Don't know....
Programs: BA LTG, SQ TPPS, CX DMP, AA EXP, Bonvoy LTT, ALL PLT, Hilton DM
Posts: 4,010
Aug 16, 2019, 9:50 am
#29
Join Date: Jun 2018
Posts: 415
In my opinion, Slosar is the symbol of Swire's commitment to CX, and letting him go will make people wonder whether Swire is still controlling CX...
Aug 16, 2019, 9:56 am
#30
Suspended
Join Date: Jun 2002
Location: Hong Kong
Programs: None any more
Posts: 11,017