The market does not believe management will unlock this resource for shareholders. I see them rather more interested in sustained oily salaries. PPP is another oiler running a salary bowser imo. The asx is littered with companies whose directors fail to fulfill their fudiciary responsibility.
If one were to attribute risk values to the 3 pillars of business 1.management, 2.asset and 3.cashflow I believe management creds are 10x more important now post GFC. And all because risk of corrupt practice has increased. Bourse watchdogs do diddly. Who bites the hand that feeds it?
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- better suited to the 'humour' section.
better suited to the 'humour' section., page-4
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