PP7, re your post on the senior management on the 3rd of August ,you are spot on. I doubt any of the senior management could relate to $2.50 is 40% or $16.00 is 6.25% or that in the old 5/2 was 28.5% of a betting market, let alone 13/8 .
I reckon none of them have never been punters in the past or are presently punters, except when they are in Tabcorp's corporate tent on big racedays.
The Board cannot make informed
decisions if it does not contain people who have some intimate knowledge of the core business.
If the answer to that question was "The Board doesn't need to have knowledge of the core business because it delegates" then why have a Board in the first place?
The replacements for Paula Dwyer (Chairman) and David Attenborough (CEO) are part of a "global search" - smart arsed PR speak for "we haven't got a clue" - another annoying thing about corporates like this.
Dwyer has been on the Board since 2005. She is stepping down as Chairman but as far as I can see will still be on the Board (along with all the other companies she is on the Boards of like the "hugely" successful ANZ).
I think the share price chart since 2005 describes her contribution perfectly.