Forum Archive Index - April 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Snoopy,

Thanks for clarifying your statement - indeed, the scenario you predict may
well happen.  There always has to be a fall guy but it would be a pity if
the blame was put squarely on Theresa's shoulders and she was dumped.  As
you say she is a very capable CEO.  I guess TEL's only hope is to keep
soldiering away with AAPT and make the best of a bad situation.  Best of
British to them, I say.

And even with all of the uncertainty surrounding AAPT I agree with your
original post - TEL has got to be a good buy at these prices.

Best, Ben

Disc. do not hold TEL


----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, April 03, 2002 1:15 AM
Subject: Re: [sharechat] Tel


> Ben Dutton wrote
> "Snoopy - I noted with interest your comment "the sacking of
> Gattung". You must not be impressed with her management of the
> company.  Why?"
>
> Au contraire Ben.  Actually I think Theresa Gattung is a fine manager
> and an outstandingly focussed and able person:- but caught up in the
> wrong industry at the wrong time.   The reason for my comment is
> this.
>
> If we agree that there is not much sun on the horizon for AAPT, then
> someone is going to have to take the 'blame' for that.   It doesn't
> matter if it isn't 'their fault'.  The institutions will be baying
> for blood if nothing has happened in a couple of years.
>
> Like it or not Rod Deane was associated with cost cutting and when
> Theresa Gattung took over to give the company a new direction that
> direction was into Australia.  It is the drive into Australia, and
> AAPT in particular, that is now irrevocably linked with Gattung
> whether she likes it or not.  I've no doubt it seemed a good idea at
> the time as Telcos all over the world were buying into other markets
> trying to increase their global presence.  Nevertheless doing
> something 'just because somebody else is doing it' is a business
> strategy that, in the end, will see you come unstuck 'when the music
> stops'.  Worldwide, once greater Telcos have come crashing to earth
> with a thud far louder than anything than Telecom will suffer in the
> future.  But there has been executive fallout when big deals went
> wrong, and there will be again!
>
> With the new domestically focussed Telecom (in a couple of years),
> the new broom will have to sweep out the old baggage and I am afraid
> that Theresa Gattung herself will end up in the dust pan.  The guilty
> will get away unpunished (that is the institutions and the board for
> letting the AAPT deal go ahead in the first place).   The scapegoat
> will be dealt with (that is Theresa Gattung and team).  Then, through
> the greyness, a completely uninvolved bystander will be promoted
> as the new person in the top job.  That's how business works at the
> top level.   But you knew that already Ben - right? ;-)
>
> SNOOPY
>
>
>
>
>
>
>
> -----------------------------------------------
> Message posted by Harry Tennyson
>  using Pegasus Mail 2.55
> I have Word 97 to read attachments
> ------------------------------------------------
>
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