WBC sp is less now and more often than not is than two decades ago and has consistently failed to deliver on important commercial metrics, not the least shareholder returns.
A radical clean out of the lazy and incapable snr executive ranks and of the errant Board (they have not missed out on their undue pays) should be the priority.
Accountability has been non existent for decades dating back to the bank’s near death in the 1990’s due to its pathetic property management. Read Edna Carew’s scathing The Bank that almost Broke the Bank. What’s changed?
Give it no more than 12 months to change failing which wind it up and return what’s left to customers then shareholders.
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