@go-tazz wrote:
He's done the job that he was paid to do,(turned AP around from losing money on the letter post and over all
in 2015 to making a good 131 mil profit in the six month to Dec 2016).
http://www.news.com.au/finance/business/other-industries/australia-post-firsthalf-profit-soars-to-13...
Hopefully the new CEO is just as good.
Remember AP is a Government owned company and if it ever fell into private hands due to losing money then
current prices would only be a dream as privatization would only see prices rise quickly.
Part of the turnaround is fudging figures for letter post to justify significant increases. Like not including parcel deliveries by posties in the revenue for said service.
What I find interesting is he's given a week's notice. CEO's usually hang around for a bit longer than that to ensure a smooth transition. Even the con-artist Peter Gregg. Says something. I suspect he got a little bit of help in jumping.
