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Margaret Jackson | |
|---|---|
| Born | Margaret Anne Jackson 17 March 1953 Warragul, Victoria, Australia |
| Education | Warragul High School |
| Alma mater | |
| Occupation | Corporate executive |
| Relatives | Alan Jackson (uncle) [1] Joseph Jackson [2] |
Margaret Anne Jackson AC FCA (born 17 March 1953) is an Australian corporate executive. She was the Chairwoman of Qantas Airways from 2000 to 2007.
Jackson was born in Warragul, Victoria, and studied at Warragul High School. She graduated with a Bachelor of Economics (BEc) degree from Monash University and a Master of Business Administration (MBA) from the University of Melbourne.
Jackson was the Chairman of Qantas from 2000 to 2007 and was the first woman to become chairman of a top-50 publicly listed company in Australia. She had been a director of Qantas since 1992, her other directorships include the ANZ since 1994 and Billabong.
Jackson is a former partner of accounting firm KPMG and has worked for accounting firms BDO Nelson Parkhill and Pricewaterhouse (now PricewaterhouseCoopers).
She is a chartered accountant and a fellow of the Institute of Chartered Accountants in Australia.
In early May 2007, Jackson faced mounting pressure to resign from the board of Qantas after the dramatic last-minute failure of the Qantas takeover bid by Airline Partners Australia. After the bid failed, she faced criticism that she had undervalued the airline, was reluctant to release upgraded profit forecasts and did not act in the best interests of the majority of shareholders. [3] Jackson was one of the most outspoken supporters of the takeover bid and, when asked of the ramifications of the bid failing, she famously stated, "If anyone thinks this will happen without affecting the (share) price then they have a mental problem with how the market works." [4] This was interpreted by some observers as an insult to shareholders and evidence that Jackson was actively lobbying for the takeover consortium.
On 17 May 2007, Jackson informed the Qantas board that she would "retire from the board when her term ends at this year's AGM", due to be held in November of that year. [5] [6] The board put its support behind Jackson's decision to stay on until then because it ensured "continuity and stability" was maintained in the company. [7]
John Howard, then the Australian prime minister, described Jackson's retirement decision as "a matter for her" and made no direct comment, but expressed his support and confidence in her. [8] Following the collapse of the Qantas sale bid, a number of highly respected businesspeople and personalities spoke out in support of Jackson, including Sir Rod Eddington (former chief executive officer of British Airways) [9] and former Victorian premier Jeff Kennett. [10]
As Qantas's business performance has deteriorated, and with it the company's stock price, opinions on Jackson and her support of the sale bid have shifted. By May 2008, the share price had fallen by over 40 per cent since the takeover period with the bid price sitting at a 33-per-cent premium. [11] Many media commentators such as Jennifer Hewett have suggested Jackson had been correct in her assertions that the takeover offer was a good deal for shareholders. [12] The increasing difficulties surrounding Qantas seen in 2013 and 2014 led to further public comments by commentators in support of Jackson's actions and comments surrounding the proposed Qantas sale – "Meanwhile, former Qantas chair Margaret Jackson will no doubt muse on that $5.40 a share offer which was rejected just before the GFC. She was right, anyone who didn't accept was mad." [13]
Qantas Airways Limited, or simply Qantas, is the flag carrier of Australia, and the largest airline by fleet size, international flights, and international destinations in Australia and Oceania. A founding member of the Oneworld airline alliance, it is the only airline in the world that flies to all seven continents,[citation needed] with it operating flights to Africa, Antarctica, Asia, Europe, North America and South America from its hubs in Sydney, Perth, Melbourne and Brisbane. It also flies to over 60 domestic destinations across Australia.
A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover.
Warragul is a town in Victoria, Australia, 102 kilometres south-east of Melbourne. Warragul lies between the Strzelecki Ranges to the south and the Mount Baw Baw Plateau of the Great Dividing Range to the north. As of the 2021 census, the town had a population of 19,856 people. Warragul forms part of a larger urban area that includes nearby Drouin that had an estimated total population of 42,827 as of the 2021 census.
Pacific Airlines Joint Stock Aviation Company is a low-cost airline and ground services provider headquartered in Tan Binh District, Ho Chi Minh City, Vietnam, with its primary operating base at Tan Son Nhat International Airport. From 2008 to 2020, it was known as Jetstar Pacific Airlines.
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Christine Nixon is an Australian former police officer who was the chief commissioner of Victoria Police from 23 April 2001 to 27 February 2009, being the first female chief commissioner in any Australian state police force. After leaving Victoria Police, she was appointed as chair of the Victorian Bushfire Reconstruction and Recovery Authority in February 2009 until she stood down from the position in July 2010.
Drouin is a town in the West Gippsland region, 90 kilometres (56 mi) east of Melbourne, in the Australian state of Victoria. Its local government area is the Shire of Baw Baw, and is home to the shire council's headquarters despite being the second-largest town in the shire, behind neighbouring Warragul. The town's name is believed to be an Aboriginal word meaning "north wind". New housing developments have accelerated the town's residential growth in recent years. As at the 2016 census, Drouin had a population of 11,887 people.
The Division of McMillan was an Australian Electoral Division in the state of Victoria. It was located in the western part of the Gippsland region, which extends for the length of Victoria's eastern Bass Strait coastline. It included the outer south-eastern Melbourne suburb of Pakenham, and also included the towns of Warragul, Moe, Wonthaggi, Leongatha and Foster. It stretched from Mount Baw Baw and the Baw Baw National Park in the north to Wilsons Promontory, and the Wilsons Promontory National Park in the south. It was the southernmost electoral division in continental Australia. It was replaced by the Division of Monash in 2019.
Michael Robert Hamilton Holmes à Court was a South African-born Australian businessman who became Australia's first billionaire, before dying suddenly of heart failure in 1990 at the age of 53.
Wednesdayite is the largest independent supporters group for Sheffield Wednesday fans.
Federation University Australia Gippsland Campus is an Australian university campus located in the town of Churchill 142 km east of Melbourne. Its main neighbouring towns in the region are Morwell and Traralgon. Formerly a branch of Monash University, on 1 January 2014 it became part of Federation University Australia. Study areas at the campus include Arts ; Business; Education; Information Technology; Nursing; Midwifery; Sport, Outdoor and Physical Education; Psychology; Science; Engineering and Visual Arts.
GMHBA Limited is a not-for-profit, mutual Australian private health insurance and care company founded in 1934, based in Geelong, Victoria, Australia. GMHBA also operates eye care and dental care practices along with GP clinics.
Airline Partners Australia (APA) is a consortium that made a A$5.45 per share takeover offer for Australian airline Qantas in December 2006. The takeover offer received the endorsement of the Qantas board in the absence of a better offer, however the proposed takeover failed to gain the required level of shareholder support, despite the extension of deadlines and reduction in requirements for acceptance.
Alan Joseph Joyce is an Irish-Australian businessman. He was the chief executive officer (CEO) of Qantas Airways Limited from 2008 until his resignation in 2023. Joyce retired as CEO on 5 September 2023, with Vanessa Hudson succeeding him the following day.
The Warragul Football and Netball Club, nicknamed the Gulls, is an Australian rules football and netball club based in the city of the same name in the state of Victoria.
The Noojee railway line is a closed railway line in Victoria, Australia. Branching off from the Gippsland line at Warragul station, it was built to service the timber industry in the upper Latrobe River area, transporting timber as well as providing a general goods and passenger service to townships in the area. The final section of the line between Neerim South and Noojee traversed increasingly hilly terrain and featured a number of large timber trestle bridges. Extensively and repeatedly damaged by bushfires over the years, the line was closed in the 1950s and dismantled. The last remaining large trestle bridge on the line has been preserved and has become a popular local tourist attraction.
David Coe was an Australian businessman, best known for being the chairman and managing director of Allco Finance Group.
Fiona Elizabeth Balfour is an Australian business executive in the field of information technology. She has been named Chief Information Officer of the Year in Australia four times: 2003, 2004, 2005, and 2006. In 2006 she was awarded the Pearcey Award for distinguished lifetime achievement and contribution to the development and growth of Australian IT professions, research and industry. In 2017 she was appointed to the board of the Western Sydney Airport Corporation by Urban Infrastructure Minister Paul Fletcher. In May 2021 she was appointed to the board of the Australian Broadcasting Corporation by communications minister Paul Fletcher against the recommendations of an independent panel.
Simon Mordant is an Australian-based investment banker, art collector, and philanthropist. He started his career as an investment banker, before specializing in M&A. He co-founded Caliburn Partnership before it was acquired by Greenhill & Co. in 2010. He remained at Greenhill Australia for four years, leaving in 2014. In 2015, he co-founded Luminis Partners.
Alan Robert JacksonAO FCA FCPA FAIM CBIM was an Australian businessman who was the CEO of BTR Nylex between 1984 and 1991 and CEO of BTR plc between 1991 and 1996 as well as Chairman of the Australian Trade Commission (Austrade) between 1995 and 2001. He was also a board member of the Reserve Bank of Australia (RBA) between 1991 and 2001.
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