Bye-Bye Ziggy
Yesterday it was made public that the CEO of Telstra, Dr Ziggy Switkowski, would be leaving the company. As a shareholder I will be happy to see him go.
"Dr Switkowski will stand down by July 2005, two years before his contract was due to expire. He will get a payout of at least $2 million."
In the past few years the Telstra share price has fallen about $3 per share (almost 40%), reducing the total value of my direct shareholding by almost $2500.
As if this was not bad enough, one of Dr Ziggy's (failed) deals back in 2001 ended up costing the jobs of myself and many colleagues. In the process a once-thriving South Australian company was reduced to a pale shadow of it's former self.
The doctor will get a golden handshake of $2 million. I wish I could get a job where failure is so well-rewarded!
Telstra CEO out ahead of full sale
"Dr Switkowski will stand down by July 2005, two years before his contract was due to expire. He will get a payout of at least $2 million."
In the past few years the Telstra share price has fallen about $3 per share (almost 40%), reducing the total value of my direct shareholding by almost $2500.
As if this was not bad enough, one of Dr Ziggy's (failed) deals back in 2001 ended up costing the jobs of myself and many colleagues. In the process a once-thriving South Australian company was reduced to a pale shadow of it's former self.
The doctor will get a golden handshake of $2 million. I wish I could get a job where failure is so well-rewarded!
Labels: Telstra
posted by Bruno at 5:50 PM [permalink]
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