In less than five years,Wesfarmershas destroyed around $800...

In less than five years,Wesfarmershas destroyed around $800 million in hard shareholder cash on the most disastrous acquisition in Australian corporate history.

And don't be fooled into thinking this was a rounding error for WES, the entire business makes $2.5b a year, so this is equal to four months profit for the third largest employer in Australia (107,000 people).

It just shows how hard running a startup/scaleup is and how brilliant **by Leibovich ,Hezi,Ruslan Kogan andDavid Shaferhave been to createCatchandKogan.com.

The notion that life long corporate execs ever had a chance of making Catch work was comical.

Side note: Wesfarmers exec team of four people have been paid $43m in the last two years alone in a real life example of agency costs.