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.
Future Fund chief executive Paul Costello yesterday remained tight-lipped in the face of sustained questioning over the fund's stance, as an investor, on the pending legislated separation of Telstra's operations.
Communications Minister Stephen Conroy has lashed out at major Telstra investors angry at the government's plan to break up the telco, saying it's "difficult" to understand the companies' negative conclusions about the government's actions.
Telstra said today it will oppose the passage of the government's Bill which would allow it to force separation on the big telecommunications company.
In the second of our two programs looking at the Senate Inquiry into the Telecommunications Legislation Amendment Bill, we hear from shareholders, bureaucrats and industry groups.
Virtually everyone in the telecommunications industry has their say in the Senate Standing Committee's public hearing into the pending legislation to split up Telstra, in this week's Twisted Wire podcast.
Shareholders got a rude awakening this week as Stephen Conroy made good on industry calls to break up Telstra. Some argue the government has been duplicitous and should be held to account, but those who sit tight may find the new Telstra offers a far better value proposition with better long-term opportunities.
In a massive "special edition" of our telco podcast Twisted Wire, we talk to virtually everyone in the telecommunications industry about the break-up of Telstra, including man of the moment, Communications Minister Stephen Conroy.
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 story of how Telstra lost its network is one of hubris and bungling, of misreading the play in Australia by men from the US who thought they knew everything already. Shareholders should never forget this.
Iif the latest NBN scenario planning is right, David Thodey will have to accept that even an optimal outcome for both Telstra and the government will not deliver dramatic returns for Telstra's one million shareholders.
Sol Trujillo has, not for the first time and perhaps not for the last, ignited a furore, this time over his charge that Australians are racist. While his broader comments mischaracterise a country generally welcoming to people of different cultural backgrounds, there is also some validity to them when it comes to the way he was treated during his stint here.
The Federal Government's preferred National Broadband Network partner is due to be nominated shortly. As that moment looms, and Stephen Conroy's language becomes more aggressive, Telstra's share price has been imploding.
From dead parrots to ACCC lawsuits, the National Broadband Network and Fake Stephen Conroy, it's like Telstra is lost in T.S. Eliot's epic poem The Wasteland.
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