Hi FatBloater
Could not agree more.
Announce to the market a disaster, then come in a little bit better and every thing is beautiful.
This company has been a disaster since the previous GM was sacked.
Each successive year under Dunn profits and dividends have gone down. About time he was shown the door. A salary of $2.7m and he has driven the company into the ground.
The takeover of AXA has been an absolute disaster. Look at todays figures. Merger costs $37M, write off of Goodwill $47M. Synergies? Don't make me laugh.
Unfortunately, Dunn should not have been the only one to fall on his sword.
Bell Potter makes the decision for them. they announced the $200M planned savings in June.
Just rubbish!
Regards
Pear
better than gloom expected ?, page-6
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