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Cathay Pacific (0293) management changes
Company media release, 16-Aug-2019
This is the most appalling kowtow to Peking, dressed up as a "flight safety" issue. Every substantial employer in HK, in both the public and private sectors, has employees who have participated in marches that have frequently gone beyond their approved spatial or time limits. Should all the CEOs resign? What did the PRC Government threaten Swire and Cathay with to make these sacrificial offerings at this "sensitive time", as they put it? CX says recent events have "put our reputation and brand under pressure" - but tonight's shameful appeasement does far worse.