At...

At http://www.labonline.com.au/content...-ceo-steps-down-after-first-strike-1168617030 you can find the words, “Days before the vote, the company released a statement complaining that, under Gooding’s tenure, the company’s share price had fallen from a 10-year high of over $5 to just 10 to 12 cents.” There is more meat in that article, so I suggest you read it.

Goodings has held many directorships, or similar positions in companies, and I suspect the track record of these is on average poor – Quintis, Avita and Brierty for starters, have had poor records. Sometimes firms appoint directors and other positions like accountants and company secretaries specifically because they are either incompetent, “bent” or they can be relied upon to do what they are told. I personally know three entrepreneurs who appoint people to such positions for some of those reasons. I do not know sufficient about Gooding and his track record to suggest that some of his appointments were based on one or more of those reasons.

At https://en.wikipedia.org/wiki/Dalton_Gooding you will see a purported list of Gooding's board associations. It is not up to date, which is one of the reasons why I wrote “purported”. The information at https://www.perthnow.com.au/news/wa...st-eagles-ng-a0142db0261985db3e05df18054e8d1c gives some insight on the man, and thrift seems not to be one of his characteristics. Neither was thrift a trait of Alan Brierty, so BYL's culture probably tended to be less than thrifty.