Thursday, August 9, 2007

Why I love Telstra


Each semester when we discuss management communication, I keep saying that it would be dumb to announce record profits and at the same time sack thousands of workers. Or lower forecast profits and higher executive pay. Semester after semester, Telstra keeps doing something like that. This time around, it's offering "prudent" guidance about future earnings and at the same time fattening the wallets of the management team.

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