Its all about management, management, management.
Look at the records of the last few years of Frank Cicutto, Mark Raynor, Grahame Krahe. Google them and you will see their records. Not too good, eh? Unless record wealth destruction is the prize.
Or look up Run Corporation, (deceased, run by Cicutto) and Pasminco (deceased, chaired by Raynor).
Have a look at Ahmed Fahour, - four jobs in last year. NAB, then a government position that evaporated under him, then another brief middle east position, and now Australia Post.
Cameron Clyne came from the BNZ, and the jury is still out, but his intended purchase of AXA and Northern Rubble does not look very smart to me.
The NAB should be around $60, were it not for spectacular mismanagement, or no management really.
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1 | 199 | 35.740 |
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Price($) | Vol. | No. |
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35.850 | 2229 | 6 |
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