What do Telstra shareholders think of the telco's new CEO David Thodey? And would they support the government's plan to separate Telstra? ZDNet.com.au asked shareholders these questions at the company's annual general meeting this week.
Telstra shareholders have unequivocally voted in favour of the remuneration packages currently awarded to its top executives.
Telstra shareholders travelled from far and wide to vent their frustrations as owners and customers to the telco's chairperson, Catherine Livingstone and chief David Thodey.
The nation's number two telco Optus said today it still wanted Telstra's wholesale and retail arms separated from each other, and hadn't noticed any change in the company's stance towards its rivals in recent times.
Telstra's broad strategy would remain unchanged, the telco's incoming chief executive David Thodey told journalists this morning, following confirmation of his appointment.
The remaking of the post-Trujillo era of Telstra continues apace, with Catherine Livingstone starting to put her own stamp on what was a fractious and fractured boardroom.
We can now conclude that Telstra went backwards during the Trujillo era, and that the board's decision in June 2005 to sack Ziggy Switkowski and install a team of expensive Americans to run the company was a mistake.
The Federal Government's committal to spend up to $43bn of taxpayer funds without rigorous and detailed analysis and economic modelling of the National Broadband Network is simply extraordinary.
The appointment of Telstra's new management represents a break from the company's past of friction with the Federal Government and regulators. But, however it is presented, Telstra's stance towards those seeking to reduce it has to continue to be aggressively defensive.
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