Yup - saw it happened a plenty during the GFC. Get rid of the poor performers, the too highly paid (when a younger executive can do the job on lower pay) and unfortunately, those not politically (office) aligned to those in charge.
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Whatever happens to STU over the next year it’s almost a give they won’t be ‘more stronger and resilient’ and will go through the whole process again.
well talking of Fletchers didn't the board come out and say they were worth more than the $1.90 FBU offered?
Remind me again what is the shareprice today and are all the board still in jobs
Some outfits however still manage to orchestrate the honky dory turning to major crap fairly well
STU in recent years appears to be among that little bundle on repeat occasions
How much shareholder value have they managed to fairly well destroy in the past 4 or 5 years ?
Close to FBU yet or still a little way off ?