Monday, January 22nd 2018

Telstra (ASX:TLS) in Turmoil as CEO David Thodey Takes Charge


Sunday, March 28th, 2010

With a lot of uncertainty swirling around Telstra (ASX:TLS), chief executive officer David Thodey is making a number of moves to solidify the top ranks in order to deal with the perception the company is in turmoil.

One of those moves is Big Pond head Justin Milne leaving the company, who has been rumored to have quit to pursue other interests, but assuredly wasn't given a choice.

The problem with Milne leaving is he was considered the key person to expand the plans of Telstra related to new media opportunities. This could further exasperate shareholders in the company who have been skittish about Telstra since Sol Trujillo was removed from leadership.

With the national broadband network in Australia about to level the playing field more and increase competition for Telstra, it is seen as vital that a team is put in place and things settled down to prepare to meet the challenge set before them.

Not only has there been shareholder concerns and battles with the government, but internally there's been a lot of uncertainty and concern over what seems to be a lack of cohesion as the mobile business climate is changing rapidly in Australia.

So Thodey must take charge and put a team in place that he can count on to be there during the turbulent times the company is facing. If he fails to do that, the company will erode and implode even further.

Thodey is still trying to pick up the pieces after Trujillo left the company, but it is time he sets things in place and moves forward, as the uncertainty has gone on as long as it can without meaningful change made to set the company on a firmer foundation. Too many things have been left in the air for too long.

So hopefully the change in many of the leadership positions will give a sense of solidifying and foundation where they can then meet the major challenges ahead of them. If this isn't done right, Telstra will face this major challenge unprepared for the battle. All eyes are on Thodey as to whether he will pull off what needs to be done to deal with it.



Article by Gary B

The views expressed are the subjective opinion of the article's author and not of FinancialAdvisory.com



Follow financeadvisory on Twitter

SHARE THIS ARTICLE :

Tags: australia business, telstra

Related Articles
Nyrstar May Forego Expanding in Australia Because of Super Tax
Sigma Pharmaceuticals CEO Quits After Terrible Annual Results
Rio Tinto (ASE:RIO) Australian Executive Confesses to Accepting Bribes in China
China Warns Australia on Rio Tinto (LON:RIO) Case
Telstra Corp. (ASE:TLS) in a Time of Change
Royal Dutch Shell (NYSE:RDS-B) Expected to Raise Arrow Energy Offer
Arrow Energy (ASX:AOE) Gets $3 Billion Bids from Shell and PetroChina
Business Council of Australia Pressures Government to Quickly Restore Surplus
China Indicts Four Rio Tinto (LON:RIO) Employees
Australian Government Withdraws Bank Guarantees

Comments:

EUGENE TANO (March 29, 2010 11:30 PM)
IT MIGHT BE A GOOD IDEA TO BRING TRILLO BACK OVER FOR 6--MONTHS OR SO TO BEAT THE AUS, GOVERNMENT OVER THE HEAD A BIT---US STYLE------ FROM GENE ALSO A---YANK,,
EUGENE TANO (March 28, 2010 8:31 PM)
I WOULD LIKE TO ADD ONE MORE COMMENT.--IF THE GOVERNMENT DOES NOT KNOW THAT ALUMINUM IS A CONDUCTOR WHEN THEY PUT INSULATION INTO PEOPLES HOMES,,--HOW ARE THEY GOING TO KNOW WHAT WIRES TO HOOK UP TO HAVE THE CIRCUIT GO IN THE RIGHT DIRECTION..--AFTER THEY MAKE A MESS OF THIS NBN--THE EST. 43 BILLION--WILL END UP AT 143 BILLION--AND PROBABLY WILL BE SLOWER THAN WE HAVE NOW.--FELLOW TAXPAYERS-- YOU BETTER HAVE DEEP---DEEP--POCKETS..
EUGENE TANO (March 28, 2010 7:08 PM)
THE AUSTRALIAN GOVERNMENT IS USING TAX PAYERS MONEY TO SET UP A NBB SYSTEM TO COMPETE WITH PRIVATE AND PUBLIC COMPANIES ALSO OWNED BY AUSTRALIANS.--THIS SHOULD NOT BE PERMITTED AS THE GOVERNMENT IS IN A CONFLICT OF INTEREST WITH THE VOTERS WHO PUT THEM IN OFFICE, ONE POLITICAL PARTY SHOULD NOT GET THE POWER TO COMPETE WITH PRIVATE CORPORATIONS JUST BECAUSE THEY WON THE ELECTION.. THIS IS A BAD TREND BECAUSE THE GOVERNMENT CAN PUT OUT PROPAGANDA TO THE PEOPLE. BY HAVING TOO MUCH POWER. AND CONTROL..
Post a Comment

Comments:*


Name:*


Enter Verification Number:*


Give Your Opinion
Which banks offer the highest certificate of deposit rates in Scotland?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Which banks offer the highest certificate of deposit rates in Scotland?
Financial Questions & Answers
Ask A Question
Get opinions on what you want to know:
Specific to any country?