Ann: Westpac Share Purchase Plan Withdrawal Option, page-15

For decades we've been fed the tripe from the Boards of ASX200+ companies, that we have to pay these massive management salaries to get the top people (usually men) and look what we get. How many drop-kicks has NAB had at the top in the last 20 years? Same at AMP. Total reversal of Mike Smith's Asian expansion at ANZ, what's that cost? Stratospheric fines at CBA. Billion$ of shareholder fund blown up by RIO's adventureism, nearly cost the whole firm. Not much different at BHP. Now this shower at WBC. Shareholders cop it in the neck again, while the masters of the universe parachute out with millions$ and millions$ for the next bloke up. Now the latest excuse, let's blame it on the IT upgrade. Strewth, does anybody there know what's going on, is anyone to take resposibilty? All the technology in the world, and the one person that probably has some idea, is a girl stuck in a basement office somewhere, working a pedal-wireless, next to the kerosene fridge.