Business

Feb 19, 2008

Allco dirt sticks to Teflon Rod Eddington

Allco disappointed the market yet again yesterday, delaying announcement of its interim results until some other time. Allco non-executive director, Sir Rod Eddington, would most likely be the most significant victim of the fiasco, writes Adam Schwab.

Allco disappointed the market yet again yesterday, delaying announcement of its interim results until some other time. While Allco executives like David Coe and Nick Bain have a lot at stake financially, from a reputational perspective, Allco non-executive director, Sir Rod Eddington, would most likely be the most significant victim of the fiasco.

Allco’s fall from grace has been a quick one.

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2 comments

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2 thoughts on “Allco dirt sticks to Teflon Rod Eddington

  1. Chris

    Allco realeased an announcement on Rubicon purchase in October, and the board would have been aware of it months prior, if she objected she would have gone then. My interpretation is that she deserted a sinking ship whilst Sir Rod had the decency to stay.

  2. Enron Hubbard

    Corporate Malfeasance seems to be like a fart in polite company. No one owns up, directors feign shock and hold their breath until the stench passes. And it always passes and no one, it seems, is ever held to account. Appalling? Absolutely.

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