Westpac did actually say it was for more efficient use of capital, and they weren’t wrong.
some others around here have said (although they couldn’t verify) that it was a fallout between management.
i think any “fallout” would have been consequential to Westpac leaving, as most would “fall out” with your major share holder leaving to back a competitor.
the rampers who tried to change the narrative, oddly enough didn’t question the fall out or see it as a concerns, just that it was a parting of ways
#investingblind
Westpac did actually say it was for more efficient use of...
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