FBU - Fletcher Building

[winner69]

You’ll all laugh with derision with this .....but she has a strong point

https://www.stuff.co.nz/business/101...man-at-the-top

[Baa_Baa]

You’ll all laugh with derision with this .....but she has a strong point

https://www.stuff.co.nz/business/101...man-at-the-top

Is she joking, with her record of presiding over shareholder wealth destruction at Telecom? Many weren't laughing about that.

[Brovendell]

Is she joking, with her record of presiding over shareholder wealth destruction at Telecom? Many weren't laughing about that.

Theresa Gattung CEO of Telecom :Oct 1999 through to Feb 2007.
Telecom Share Price :8th Oct 1999 was $7.72
Telecom Share Price :2nd February 2007 was $4.85

[Joshuatree]

Telecom was in a no win storm and under constant pressure to split.Gattung held the regulators off for as long as possible. You guys just sound like old school women in power haters

[alistar_mid]

Telecom was in a no win storm and under constant pressure to split.Gattung held the regulators off for as long as possible. You guys just sound like old school women in power haters

lmao

and the reason they got pressured to split? monopolistic practices driving out all competition and stalling broadband growth in NZ as long as possible to keep customers on higher margin plans.

I was working there at the time

oh at least not forget this gem "confusion is our chief marketing tool"

[Baa_Baa]

Telecom was in a no win storm and under constant pressure to split.Gattung held the regulators off for as long as possible. You guys just sound like old school women in power haters

You are confusing her intended message of the value of diversification, with her poor delivery of the message (off the cuff imo), against her own personal track record of destroying shareholder value, while responsible and accountable to shareholders.

I get the diversification message, it is just that she chose an ill-considered (and disrespectful imo) context of assigning blame to FBU leadership (Sir Ralph to be precise, who is accountable but not directly responsible) for having a man in the Chair (how could she possibly make that connection ... choose man = failure), and by extension caused the debacle at FBU, but the gall to suggest that a woman in the Chair would have had an alternate outcome!

What a twat she is, gender aside. Gattung had responsibility for one of the worst shareholder outcomes on record of any CEO of a listed company in New Zealand, full stop. She appears to be thoroughly conceited about that and no credibility whatsoever imho.

Attachment 9506

[stoploss]

You are confusing her intended message of the value of diversification, with her poor delivery of the message (off the cuff imo), against her own personal track record of destroying shareholder value, while responsible and accountable to shareholders.

I get the diversification message, it is just that she chose an ill-considered (and disrespectful imo) context of assigning blame to FBU leadership (Sir Ralph to be precise, who is accountable but not directly responsible) for having a man in the Chair (how could she possibly make that connection ... choose man = failure), and by extension caused the debacle at FBU, but the gall to suggest that a woman in the Chair would have had an alternate outcome!

What a twat she is, gender aside. Gattung had responsibility for one of the worst shareholder outcomes on record of any CEO of a listed company in New Zealand, full stop. She appears to be thoroughly conceited about that and no credibility whatsoever imho.

Attachment 9506

A Penny for your thoughts on Feltex,Pumpkin Patch Baa Baa ?

[Joshuatree]

You are confusing her intended message of the value of diversification, with her poor delivery of the message (off the cuff imo), against her own personal track record of destroying shareholder value, while responsible and accountable to shareholders.

I get the diversification message, it is just that she chose an ill-considered (and disrespectful imo) context of assigning blame to FBU leadership (Sir Ralph to be precise, who is accountable but not directly responsible) for having a man in the Chair (how could she possibly make that connection ... choose man = failure), and by extension caused the debacle at FBU, but the gall to suggest that a woman in the Chair would have had an alternate outcome!

What a twat she is, gender aside. Gattung had responsibility for one of the worst shareholder outcomes on record of any CEO of a listed company in New Zealand, full stop. She appears to be thoroughly conceited about that and no credibility whatsoever imho.

Attachment 9506

You're right about her cheap shot at Ralph. FBU has been rotten for a long time , apologies to all on that.

[Ggcc]

I’m just going to wait till the next downgrade for this share (beauty...... cough cough)

[winner69]

Theresa says she (or a woman) would not have left Fletcher’s get into the state it has

Gaynor says Norris hadn’t made any mistakes in his career so had not had the opportunity to learn from mistakes
http://www.nzherald.co.nz/business/n...ectid=11996036

Putting the two together maybe Theresa is right ....a failed woman leader such as Theresa (Sharetrader popular view) would have been good for Fletcher’s