Sep 172009

I’m not a Telstra shareholder and likely never would have been even in the best of times. I never felt comfortable with the Howard government sell-off and when the yanks took over management, simply laughed to myself everytime they hit the news. Kohler has a valid point in his Business Spectator article, but in reality, we all know that whatever Trujillo & his cohorts squirrelled out of the country, we’ll never see returned. Shareholders have definitely been shafted, however the lesson to be learned from the entire Telstra debacle, and this goes back to Frank Blunt who was also a yank, foreigners being brought in to run Australian corporates like Telstra, simply doesn’t work.

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