He might be a patient man. But how patient are the Woodside shareholders?
Where has he been delivering real value to his stake holders. He's asking us to give up a history of quality execution for a share in a company that dodders about. You think we care about his dilution.
Most of his dilution of earnings comes from running a lax ship. OK the oil industry is capital intensive so they overpay their people across the board. However, the rivers of gold seem to be drying up.
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He might be a patient man. But how patient are the Woodside...
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