Companies

Mar 14, 2014

Behind the scenes at DJs, a management coup that wasn’t

Plenty is being said about David Jones chief Paul Zahra and the boardroom machinations that led to the resignations of several directors. Problem is, most of it is rubbish.

Paddy Manning

Crikey business editor

There is a revisionist whispering campaign going on, particularly in the business pages of The Australian, pushing a bizarre line that somehow David Jones chief Paul Zahra has staged an improbable management coup, offing former chairman Peter Mason after a phoney dummy spit resignation that was a tactical stunt.

2 comments

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2 thoughts on “Behind the scenes at DJs, a management coup that wasn’t

  1. Dogs breakfast

    I am hopeful that the institutional shareholders did what you suggest. That is what they should be doing. Mason was asleep at the wheel, at best.

    And ASIC’s work was just deplorable.

    Kudos to the fund managers. All strength to their arm if they are finally picking up the ball. It may be the only way we will get the codgers out of their sinecures.

  2. Gavin Moodie

    Thanx for this careful report and judicious analysis.

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