Is the Labor Government of South Australia controlled by the Catholic Right?
Sol Trujillo
Political snippets: Labor in South Australia
Thodey’s tricky trek to rebuild Telstra
Telstra CEO David Thodey would like the public to believe that the record of his controversial predecessor Sol Trujillo was necessary for growth and expansion. Thodey’s performance so far has been positively received, but the market is struggling and shareholders are waiting for results, writes John Durie.
Fin misses point on Telstra pay freeze, exec pay hikes
Australian remuneration committees continue to make Orwell proud — for it very much still appears that some employees appear far more equal than others.
Proxy advisers need to draw the lean, er line, somewhere
The attacks on proxy advisers stepped up once more last week after two corporate partners from law-firm Mallesons penned an op-ed piece in the Financial Review.
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.
CEOs: numbers up on when their number’s up
While Australian boards are to be lauded for acting quickly to remove poorly performing CEOs, those same boards are also wantonly handing out shareholder monies to failed executives who retire, rather than are terminated.
Wal’s still the King of the heap when it comes to pay
Wal King recently gave a spray about the ridiculously high salaries received by CEOs. Maybe he should be looking at his own pay packet — $29 million since 2008, nearly all cash — before casting stones.
The Australian’s civil war over Telstra’s amigos
Good to see some diversity in News Ltd’s national rag The Australian on the issue of telecommunications.
Kohler: Trujillo’s role in Telstra’s downfall
The story of how Telstra lost its network is one of hubris and bungling, of misreading the play in Australia by men from the US who thought they knew everything already. Shareholders should never forget this, says Alan Kohler.
Conroy orders Telstra to do the splits
The government has again smashed Telstra’s monopolistic agenda with a raw display of executive power — announcing its intention to force the company to separate its wholesale and retail arms.
The $62 million shareholders wasted on handshakes
A new report has revealed that some of Australia’s largest companies spent $62 million on needless termination payments last year — payments that could be blocked by shareholders if the Government’s proposed legislation regarding termination payments is approved.
The Trujillo shambles that haunts Telstra
Former Telstra CEO Sol Trujillo’s departure with $9.06 million in his pocket was a final insult to long suffering shareholders. Why was he paid so much to deliver so little?
Onerous at the top: executive pay still on the up and up
Falls in executive remuneration have not shown an especially close correlation to shareholder returns, but at least the runaway freight train of CEO pay has ground to a halt.
How Sol scratched our racist underbelly
The commentariat may have vehemently disputed Sol Trujillo’s accusations that Australians are racist, but for Indigenous leaders, the outgoing Telstra head hit the nail on the head, says Stephen Hagan.
Trujillo remains on Target in US
Sol Trujillo has retained his high profile US board seat on discount retailer, Target.
Racist, who, us? Si senor!
Ex Telstra CEO Sol Trujillo was born in Cheyenne, Wyoming, to Mexican immigrants. So why the sombero?
Optus takes on Telstra for the worst customer service
Despite not being exactly a beacon of fine customer relations, comparatively speaking, Telstra’s customer service is certainly not the worst in Australia.
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.
Telstra shares up as CEO replacement announced
In a weak market, Telstra added 0.9% to $3.26 after appointing Telstra insider David Thodey as CEO.
Rudd’s good deed on golden handshakes
The Federal Government appears to be taking a solid first step towards reducing executive largesse.
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.
Is Rudd bluffing on broadband?
Former Optus director Paul Fletcher reckons the government’s real motivation behind the broadband network might be to shock Telstra back to the bargaining table.
