The end of an increasingly fractious relationship between Telstra and its major shareholder is in sight after yesterday’s disclosure by the Future Fund that it is no longer a substantial shareholder.
Donald McGauchie
Political snippets: Choosing a Reserve Bank board member
Treasurer Wayne Swan has not had an opportunity yet to choose a member of the Reserve Bank Board but he soon will have.
Telstra result: flick go the shares as sales drop across the board
The only thing Telstra management is any good at is sacking workers, since just about the only area where Telstra appeared to improve its bottom line was in labour costs, which fell by $185 million.
Another year, another Telstra rave fest
While the whole experience was very frustrating for shareholders who wanted to hold the board to account, the AGM was a PR success for Telstra, with minimum scrutiny of the board’s performance.
Crikey Says: One-trick pony McGauchie resigns from Telstra
Well, Donald McGauchie pretty much only had one idea as Telstra chairman, and that was to antagonise the company’s regulator, and the Government behind the regulator, as much as possible.
Telstra changing of the guards: McGauchie out, Thodley in
In a move indicating that Telstra is keen to soothe relations with government and large shareholders, the well-regarded Catherine Livingstone will also become the new chairman of the company.
Sol Trujillo: one slick hustler
Telstra CEO, Sol Trujillo’s great skill as a CEO is not his foresight or confidence, but rather his ability to convince analysts and media commentators of his immense managerial abilities.
