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Rolfe's three cheers for the banks
CBD
August 31, 2009

Transcendental creditation...Ross Rolfe in bonding mode. Illustration: John Shakespeare.
Scott Rochfort knows his bankers will always stand by him.

BABCOCK & BROWN POWER'S chief executive, Ross Rolfe, appears to have undergone some form of a spiritual reawakening during the financial crisis.

After presenting a $149 million full-year loss on Friday, Rolfe closed his address with a stirring tribute to the debt-stricken power station group's band of 11 banks.

''I want to place on the record my heartfelt thanks to the banking group, we do have a very close working relationship based on honesty and trust.

''I couldn't hope for a better group of people to work through a difficult set of issues with,'' said an emotional Rolfe.

Maybe he just knows who butters his bread. He will get a $240,000 retention bonus if he and the company can stick around until October 31.