mods say play the ball not the man...however, when one person with a political agenda, gains power and begins wielding it in a very personal way then, imo, it's ok to play the man
conroy was given the telco portfolio because he had expressed a desire to structurally separate telstra(ie. destroy shareholder value) prior to labor winning govt
he has embarked on an ill conceived course(uncosted, unfunded NBN)and consistently threatened to destroy the viability and future of telstra by arbitrary regulation and/or legislation.
take conroy out of the equation and commonsense may prevail...until then, telstra mgt should think about what's best for shareholder value by standing pat if necessary
sovereign risk, page-12
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