Timing is everything in the corporate world. And the most skilled chief executives seem to have an innate knack for it — especially when to take on a job and when to exit it.
That's something to keep in mind today when assessing Qantas' record annual profit — the last for its long-serving and pugnacious chief executive Alan Joyce.
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The Joyce era at Qantas has been highly turbulent. From the bitter disputes with unions in 2011 that saw planes grounded across the country, to its near-death experience a decade later during COVID-19 and the ensuing national outrage over cancelled flights and lost baggage when things started to get back to normal.
It's been a ride, but having steered the business back to profitability (a record profit no less), Joyce will leave on a high.