Telstra this morning confirmed the departure of chief executive Sol Trujillo, with his last day to be June 30.
Pigs are flying in flocks as Telstra has a change of heart on separation. Given the vitriol of the past few years, Rudd and Conroy deserve credit for bypassing the copper loop and, in so doing, bringing Australia's most big-mouthed telco in line at last.
The not-so-secret campaign by the Future Fund to evict Donald McGauchie from the chair of Telstra's board doesn't appear to have gained much traction. It is also unclear whether it was necessary.
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 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.
Telstra chief executive Sol Trujillo will leave Telstra in a better position than when he arrived in 2005, but his successor will have to manage plenty of difficult legacy issues.
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