WTM 6.15% 34.5¢ waratah minerals limited

The descent into hell, page-5

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    the company only needs a board of three including a managing director. A managing director who can originate work, write reports, fly economy class and not be fixated on picking up awards, honorifics and photos with the governor. In other words, someone who is there to work for the company and shareholders.

    new blood without any ties to the corporate advisory firms behind all of this would be preferable. Some might say that this mob with its history of failing to control costs and shareholder destruction at Atlas could be a bit on the nose in the world of grown-ups. Most of the executives on the payroll seem superfluous this stage, but one would be worried about the potential termination payments. That could easily run into the millions.



 
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