If Telstra is the warm-up for the big Qantas AGM event next month,chairman Richard Goyder will be bracing for impact.
This year’s annual meeting was chair John Mullen’s last,with the 15-year Telstra employee pointing to the company’s challenges going forward.
The royal commission into financial services and Rio Tinto’s Juukan Gorge disaster in 2020 have also made social licence an important benchmark for investors.
Capital gain
And swanning about in Perth.
Vicki Brady’s decision to put a $15 billion sale on ice demonstrates a level of bravery and preparedness to make what will be an unpopular decision in the minds of many shareholders.
Telstra has bumped up its dividend after posting a 13 per cent jump in full-year net profit,even as its enterprise business is facing challenges.
What passes for success – or even progress – is still a low bar.
Appreciative as the prime minister might be of Qantas boss Alan Joyce’s support,it’s a risky strategy for the government.
No matter how you interpret the $6.3 billion deal with Vocus,TPG - which owns the number three player in the mobiles market,Vodafone - is shrinking.
Australia’s largest telco informed staff of proposed job cuts on Wednesday,marking the first major round of redundancies during chief Vicki Brady’s tenure.