still a going concern?, page-16

I have read with interest some of the comments around entitlements and redundancy payments. I don't generally agree with the protestations of the the union movement when negotiating conditions at it almost amounts the to union running the business. However the it has to be said that the business hasn't been run that well with the current crop of mgt and board to the tune of a one billion dollar write-down. Don't forget there are some 1000 people who will loose their job and the board, who are responsible for this sham have just raised their bonuses? This is a questionable act and just poor PR on a grand scale, total egotism. So OK lets analyse what the board has not, note not the workers or union, they have reduced the capital of the company by 30% and the aussie workforce by probably about the same. My proposal is simple lets reduce the board by the same percentage of the capital they have destroyed, as the market cap no longer requires such a hefty board with bonuses. Also they should make 30% of the board and mgt redundant, along with those workers who may never work again. Fair? Institutional investors pay attention, these people have destroyed your capital, make sure you vote accordingly at the next agm! If you agree thumbs up please, make a statement to these leeches.