Cathay Remains Under Scrutiny as CEO Takes Fall for Protests
- CEO Hogg resigned after protesting staff slammed by Beijing
- State media signal move may not be enough to appease China
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Cathay Pacific Airways Ltd. is counting on the resignation of its British chief executive officer, Rupert Hogg, to move beyond the tumult that saw its employees’ participation in the Hong Kong protests draw the ire of Beijing. But will it be enough?
Incoming CEO Augustus Tang has the delicate task of continuing to placate China, an increasingly important market for the 72-year-old airline, while also minimizing the fallout from staff, customers and investors as the unrest in its home base continues to seethe.