Without stating the obvious, different businesses with diff opps. In any 'govt' like entity u can sack 90% of the workforce and see an improvement to output....aus post simply did what he had to (the obvious) when faced with massive shift away from traditional postal services. We all have 2 evolve.
My point is qbe is not evolving. Look at cor. Its climbed year on year fir every division since pat came on board.
How does he get to enjoy a 175% bonus in qbes worst perf yr??!! Even law firms STRIP equity partners of their status credits and equity share if yhey perform badly...these guys get the moet n chandon treatment...
Wow.
As cfo his policy was a simple knock the problem children off. Nothing has changed. As ceo, its ill buy time until yields go up and mask all my inadequacies. In the interim, feed the mkts and analysts wat they want to hear...
They deflect on the real matter. Left hand doesnt know wat right hand is doing. Instead of exiting business, try building it. Theyre not capable under this leadership.
QBE Price at posting:
$9.63 Sentiment: Sell Disclosure: Not Held
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