Ann: FY24 Results Presentation, page-120

Rob Adams is an intelligent fool...and anyone who has tracked his career over the past 20 years would see that he has a habit of massively overpaying for "growth". His primary skill is building self serving empires with other people's money and making sure he gets paid well regardless of outcomes, though sadly this doesn't make him unique on ASX Boards.
However, those who think his departure will solve anything culturally need to also look more broadly at the entire PPT management team and their lack of alignment with shareholders....they are just highly paid rent seekers. I detailed this in some previous posts here
https://hotcopper.com.au/threads/skin-in-the-game-why-ppt-will-continue-to-provide-poor-shareholder-returns.7281806/?post_id=66764819

and here
https://hotcopper.com.au/threads/skin-in-the-game-why-ppt-will-continue-to-provide-poor-shareholder-returns.7281806/page-4?post_id=66766617

A serious management clean out is required if you want this business fixed. All of these people are highly paid individuals and wealthy (ask some serious questions if they are not!), and this is not a speculative, high risk biotech company where they may have an excuse for having tiny allocations of personal wealth...they should all be prepared to own meaningful amounts of PPT stock. Yet none of them choose to...which tells you a lot. Clear the decks and purge some of these clowns.