"Qantas chairman Margaret Jackson will bow to pressure and quit the
airline's board.
She made her decision during an intense, day-long board meeting in
Melbourne today.

In a terse statement issued tonight a Qantas spokeswoman said:
"Ms Jackson has informed the board today she will retire from the
board when her term ends at this year's annual general meeting (in
several months).

"An announcement will be made today concerning ongoing board and
management decisions and Qantas' plans for the future."

Ms Jackson, 54, has been under acute pressure since vigorously backing
the now-abandoned $11.1 billion buyout bid for the carrier by Airline
Partners Australia.

She is believed to have lost the support of key members of the board.
However, her decision to go at the annual meeting was endorsed by the
board.

Ned wrote:

She's been asking for a way out.

Bet that will damage her reputation how she handled the take over.

I would expect She and Dixon handed over there shares to APA and have
none left! AS the same all the board if they were sincere for the take
over. Interesting to find out!

Ned wrote:

It seems like Packer will resign from the board at the same time.

------

Packer joins Jackson in Qantas exodus
http://www.abc.net.au/news/newsitems/200705/s1926907.htm
Friday, May 18, 2007. 2:32pm (AEST)

Qantas has announced that Publishing and Broadcasting Limited's chairman
James Packer will retire from its board at the same time as the chairman
Margaret Jackson.

Ms Jackson was under pressure from unions and shareholders after she
publicly endorsed the failed $11 billion takeover bid for the airline.

Last night she announced she will step down as chairman at the company's
annual general meeting later this year.

In a statement, Ms Jackson says Geoff Dixon will continue as the chief
executive and the rest of the senior management team will not change.