I would not have have lost $20 million on the disastrous leasing of in-store advertising screens in retail outlets. The board got off scot free on this. That $20 million could have been used to start the earlier backroom consolidation of systems and processes. I asked a question on this at the AGM in Melbourne and got the usual responses: yes it was a problem and we have learned from our mistakes.
A $20 million lesson which by the way I could have provided free of charge. It is risk management 101 and credit management 101.
R.J Explains...., page-124
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