Red Alert

Who’s next at Telecom?

Posted by Clare Curran on May 20th, 2010

Five senior resignations in the last few months at Telecom. Latest one is CFO Russ Houlden.Why? Who’s next? What does the Board think and hope there’s a succession plan in place.


5 Responses to “Who’s next at Telecom?”

  1. ghostwhowalksnz says:

    Never have there been so many high paid executives who made so many expensive mistakes.
    The annual report lists 30 employees on more than $0.5 mill. each.
    There is room for dancing in their expensive XT retail stores , mostly empty.
    The Australian operation makes Kiwirail look like Sky City casino.
    A culture of incompetance, but maybe Reynolds has stooped the rot

  2. Nicola Wood says:

    If the government’s so worried about productivity how about holding big companies accountable for when they screw up… I’m sure their XT problems are causing huge losses in productivity

  3. ghostwhowalksnz says:

    Technically there is nothing wrong with XT. Just the planing , implementation, and operation was abysmal. Everything !
    So common in companies to depend on technology but not to have reserve capacity or robust operations in place.Normally thats the sort of business run by marketing people- hype and hope!

  4. Draco T Bastard says:

    There probably is a succession plan in place – selling the whole, profit devalued lot back to the government to fix up.

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