Ann: Response To Media Article, page-20

This issue isn't going away anytime soon.
AFR have another article today and it would be uncomfortable reading for the board (or it should be anyway).
I wouldn't be surprised if pressure on the board leads to CWY needing to find another CEO in the not too distant future.

I think I'm no longer comfortable being a shareholder of CWY after discovering the following about Vik Bansal;
- that CWY are paying him to commute to work from Sydney because he refused to move to Melbourne
- his sale of 4million shares in the days before all this became public
- his treatment of staff and the resultant high turnover in senior positions
- his behaviour leading to the cutting of corners so that targets are met and management avoid a confrontation (this is my reading between the lines).

I just think this is going to hang over the company for a considerable period of time.