SCMP is covering
"Paul Loo, the chief customer and commercial officer of Cathay who was one of Hogg’s deputies, has also stepped down."
https://twitter.com/JournoDannyAero/...93917829627904Paul Loo, chief customer and commercial officer of @cathaypacific, also resigned. HAECO CEO Augustus Tang takes over as the new chief executive of the airline.
Presumably the HAECO chief has been vetted by the CCP for compliance.
Updates and opinions:
Not surprising, especially if you go by the Chairman's statements on the matter.
The time line looks terrible for Cathay:
1) Cathay's management team says they support their staff in expressing their views
2) Staff expresses their views by leaking confidential info of the flight details of HK cops with the intention of harassing them when they return. Cathay's initial response is to bury the news
3) Protesters in the airport are leaving because they believe the airport has shut down - a Cathay pilot posts a photo of his cockpit with a message telling them the airport is still operating and asking them to return to the airport to shut it down longer, which screws over Cathay shareholders but also other airlines that were hoping to operate and send people home.
Not surprised at all - a huge clusterfuck.
Anyhow, the mouthpiece of the Party has stateth:
#CathayPacific announced the resignation of two executives on Fri, including CEO Rupert Hogg and Chief Customer and Commercial Officer Paul Loo. The reshuffle comes amid criticism of the airline due to its lukewarm attitude in drawing a line with its radical employees in HK.
Amid criticism by whom?
From what I can see Hogg was being pressured by the Party to adopt PRC-style political control over staff while the staff and Hongkongers generally were dismayed by the political sackings he'd already made. By kowtowing Hogg had already destroyed his own legacy and reputation but apparently the Party wanted more, much more, and Hogg realized he had to jump ship.
I'm guessing that the new boss is even less tolerant of industrial action by staff.
This is the second head honcho of a major corporation to be culled at the bequest of the CCP........
That being said, if a huge chunk of CX employees suddenly resign en masse, deciding it's not worth it anymore, it will throw the airline even deeper down the rabbit hole. A lot of the pilots are expats after all, they don't necessarily need to limit themselves to HK and can move elsewhere. It will impact their pay, benefits and seniority for sure, but if they calculate that subjecting themselves to political censorship and indoctrination is too far for them to stomach, they can go elsewhere. There is a global shortage of pilots after all. So CX might be wise not to sound like the CCP all at once...
As for other major listed companies in HK or just any company with an office in this city, who knows, maybe Beijing will next be demanding a party cell be established like what is done on the mainland. They might not be so open about it, but subtle pressure will be applied to hire certain people or set up certain "committees" or "departments" within the company if they want to have continued access to the mainland market. Then the CCP will be overlooking each and every decision your company makes. May be not so far fetched now after what Beijing has done to CX. The question is who will be next after CX?
Last edited by Coolboy; 16-08-2019 at 06:41 PM.