Stressed Toll Group – dismal in forwarding, barely adequate in logistics
And a bit about the new TGE
Regulation, emerging technologies, and energy transition are key challenges facing leaders in our industry.
These will need to be carefully considered within the context of a faltering global economy.
But first…
No, not joking!
I was eating my lunch the other day, reading the various news sites when a report came in that a new chairperson for Qantas had been announced.
Given the nature of this high profile and critical role in light of recent missteps by Messrs Goyder, ...
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Comment on this article
chris dunphy
February 28, 2024 at 5:25 amWell stated Mr Joy
Mullen was lucky to have Malcolm Broomhead as Chair @ Asciano when he took over from the accident-prone Mark Rowsthorn.
For his part Mullen was a largely absent CEO, choosing to indulge in his scuba diving & other pursuits rather than making any strategic moves on the duopoly he inherited.
To paraphrase Buffett, Mullen was an average manager in a rising industry = not hard to do well.
His oversight as Chair has been nothing short of wholesale value destruction for shareholders, starting with Toll – as we both know !!