Before he was appointed CEO of Telstra, Sol Trujillo told a reporter "once I've developed a strategy, I want everyone to fall behind it -- you either catch the vision or catch the bus." For Telstra shareholders, the bus stop may have been a better option.
Trujillo has now bid Australia adios once and for all. According to Telstra’s 2009 Remuneration Report which was released yesterday, the Wyoming native departed with $9.06 million in his pocket, a final insult to long suffering shareholders. Telstra’s financial results yesterday revealed that the telco delivered a 2.7% increase in sales to $25.5 billion while profit rose 10.3% to $4.07 billion.