Virgin Australia boss John Borghetti is not his household’s only beneficiary of the airline’s loyalty program.
The animal (and Porsche) lover revealed on Friday that one Barton Wilbur Borghetti will also be grateful for recent changes to Velocity, which include points for pets. ”It’s very important for my dog, in particular,” the CEO gushed at Virgin’s annual results briefing.
And who said the battle between Borghetti and Qantas boss Alan Joyce was not a tad personal?
”I was almost going to send Alan a thank-you note for showing me with lots of lead time what he’s going to do with the product,” Borghetti said. Qantas last week unveiled new business-class seats for the A330 planes that fly between the east and west coasts.
But the well-heeled will have to wait until next year to try them out.
Flying the flag
There’s no end to the humiliation that Coles boss Ian McLeod will endure in the name of charity.
Last Friday night the head grocer was at Melbourne’s Sofitel to lead a team at a corporate trivia challenge in aid of cancer charity Redkite.
He also popped up on the big screen, one of several CEOs who were each tasked with asking a question. However, none of the other CEOs had to do so while draped in a Scottish flag and brandishing a giant red hand.
CBD recognised the Scots ensign because, in what may or may not be a complete coincidence, the banner was the basis of a trivia question earlier in the night.
While in the supermarket business Coles has only to contend with arch-rival Woolworths; on the night McLeod’s crew was up against more than 40 teams, including entries from PwC, NAB, Country Road and Freehills.
McLeod led his team to victory, collecting a phrenology head trophy and the grand prize: a two-hour walking tour of Melbourne.
There’s no truth to the rumour that second prize was a four-hour tour. BusinessDay’s team finished fifth.
The race for last
They had Friday on their minds, but did these corporates have too much fun in the city?
Every year Australia’s underperforming listed companies compete to see who can be the last to lodge their annual results with the exchange before the cut-off on Friday night.
Clear winner this year is mining services group AJ Lucas, which only just got in under the wire with its shocker result, published by the ASX at 7.34pm.
Other easybeats included Zeta Resources (7.17pm), a Bermuda-registered investment company that listed on August 13 and has wasted no time unveiling a maiden loss of $US9.23 million.
At digital media group GoConnect (6.46pm), not even the presence of Jackson Five member and brother of Michael, Jermaine Jackson, could lift the company out of the red. It declared a loss of $2.1 million.
But CBD’s favourite would have to be Broad Investments (6.45pm), the outfit run by Vaz Hovanessian, the former chairman of failed telco Strathfield Group.
The tech support provider made a loss of $1.3 million and admitted that 92 per cent of its revenue comes from a single customer.
Nonetheless, it managed to pay executive chairman Hovanessian $240,000 in cash.
Only time will tell whether for Hovanessian and corporate Australia’s other Friday night filers it will be a case of, as ”Little” Stevie Wright once sang: ”Monday morning feels so bad. Everybody seems to nag me.”
Wanna buy a weight-loss business? CBD hears administrator Adam Farnsworth has wasted no time trying to sell the Tony Ferguson slimming empire since being appointed on August 20.
An information memorandum is apparently already circulating among potential purchasers, portraying the business as capable of earning $30 million a year.
Half-owner and major creditor Barry Smorgon will no doubt be hoping that it’s a very convincing pitch.
The original release of this article first appeared on the website of Hangzhou Night Net.