major shareholders rebel, page-3

That is straight out of the mouth of that stirrer Burgess.
Earlier today the CEO Thodey was saying,

http://www.news.com.au/adelaidenow/story/0,22606,26112236-913,00.html

SHAREHOLDERS will decide whether Telstra is split, not the board or management alone, according to chief executive David Thodey.

"I cannot make, and the board cannot make, these decisions ourselves," he said.

"We will have to go back to shareholders to get their input based on what options are put on the table. If it's a major change to the company, I have to go back to our 1.4 million shareholders."
n his first extensive interview on the issue, Mr Thodey said looking after shareholders was paramount but there were many aspects to how Telstra would respond.

"We work and live in Australia, we are Australians," he said.

"So that's critically important to us as well. If we were to do something that was not in the interests of the long-term position of Australia, that would be detrimental to our shareholders."

The economic health of Australia and Telstra were "very closely related".

Telstra agreed the planned fibre-to-premises broadband network was good policy.

"We think it's a great vision for the Government to put fibre to 90 per cent of homes – Telstra could never afford to do that," he said.