CBA 0.04% $79.23 commonwealth bank of australia.

demolition job continues ..., page-3

  1. 5,816 Posts.
    Hi mozz ... CBA reply to 27/11/02 AFR article and boo-hoo to ASX can be viewed by following the LINK.

    Despite CBA protestations, the issues are not going away and clearly the organisation is not performing according to industry comparisions (e.g. total returns 3.0% compared to the index's 9.1%) and like it or not, analysts are going to line up against the CEO.

    Ask big Frank C. over the way at the NAB what is feels like ... he performed and survives for now.

    AMP suffered the same fate and PB had to go ...

    The demolition job is concerning as M&D's suffer when the 'men in black' decide to 'muscle' their viewpoint or unhappiness ... those in the 'hold and hope' category will have their resolve tested in these times.

    Whilst these antics cause short-term pain for shareholders ... the dynamics are healthy and lead to better managed corporations which longer term is positive for shareholder value.

    Unfortunately this journey often translates into the now customary branch closures/job cuts/fee and charges increases so it not all 'win-win' ...

    This is only my view ... read the red stuff.
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