Worse Is Yet To Come?, page-1325

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Amused observer

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26/08/17

14:23

Post #: 26779560
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Originally posted by Cabaking ↑

Sorry to hear that.

I have had a number of conversation with the CEO and chairman and they aren't arrogant.

I believe it is a hangover of old mgnt

In saying all that email or call Ari he will take your call. He is seriously a good guy busting his as to save the company.

He is working 7 days a week 14 hour days to fix the mess he has been left.

That behaviour isn't good nor acceptable or a company wanting suppliers back

Beaware they just employed a very high quality guy to fix logistics ... he has been brought on to fix things like this

I gather field staff are depressed as they feel everyone hates them

You may have trouble getting Fonterra to pick up your milk as I am told they are already late picking up milk and we aren't near peak for another 5 to 6 weeks

I also hear Fonterra jv ain't going so well... baby formula sales poor

I believe mgc will survive but fk the more you hear about the cluster fk of a mess old mgnt left is mind blowing.

New mgnt is doing everything in there power and doing a very good to fix the mess

Why you think no bids ..... bega sounded keen on their results call

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Just to adjust a small perspective here.

The Chairman and the CEO did not get lumbered with "...fix the mess he got left with." They both joined the company of their own free will for a healthy fee to have a crack at trying to correct past ways and clean it up. They would have known what they were getting in to or if they didn't then they need to rethink why they are there. They also just picked up a nice payment for their efforts to date (being earlier this year) by the way, as did David Mallinson and Fiona Smith both get nice bonus payments. And for what?

MGC Price at posting: 65.0¢ Sentiment: None Disclosure: Not Held
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