The board have a fair argument that even the best, most skillful board would be struggling to grow revenue for Telstra. To compare to other companies, even the worst CEO could grow APT, A2M, CSL etc. faster than TLS.
However,
This board and senior management has failed to do the most basic things over the last 5+ years.
The head count reductions have failed, particularly of upper management
Customer service is still atrocious
Their systems are outdated
Their pricing is not competitive
Capital management has been short-sighted and counter-productive
New business lines have failed
If this board cared for shareholders they would be paid 100% in shares or resign for younger, more talented people.
Ann: Chairman's Address to Shareholders, page-24
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