I got very annoyed at reading the first few lines of his talk...
"First: our move to exit our offshore investments, including the Babcock and Brown joint venture should be seen in context. The original investment in the JV occurred well before the Global Financial Crisis, as part of a package of proposals approved by securityholders in 2005. Until the financial crisis unfolded, the JV met the return criteria that GPT demanded from it. It was supported by many analysts and investors. With the benefit of that great investment tool called hindsight, the impact of the Global Financial
Crisis has caused us to reflect that, we simply got it wrong. "
I think he should have just said "I (*)(*ed up!"
Thats a big "not my fault, I only followed orders, and those orders seemed good... everyone else was doing it..."
I hope he got a serve...... I thoguht about turning up myself to give him one...
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