This week, James and Anthony examine what SingTel could gain from selling Optus, look at whether an ex-Qantas exec could grow Myer, and discuss two tectonic shifts in markets that will decide the next decade.
In this week’s episode, James and Anthony examine what SingTel could gain from selling Optus, look at whether an ex-Qantas exec could grow Myer, and discuss two tectonic shifts in markets that will decide the next decade.Optus has more than 10 million customers, $8 billion a year in revenue, it’s a household name, it’s huge.
It may be more about creating a leaner, meaner, more profitable number two rather than properly toppling Telstra. got the job at Myer because she’s got theHe’s been an agitator in Myer for the last five or so years, even a bit longer, saying this place isn’t working properly. But he’s clearly got a bit of faith in Olivia Wirth to come in and start turning it around.
But the idea here is that Olivia Wirth comes in, turbocharges it with a bit of Qantas jet fuel and hopefully, Myer can find a bit of growth. One little nagging thing, the combination of chairman and CEO into the same role is a no-no in corporate governance circles.In fact, in the ASX’s corporate governance rules principle number one: there should be separation between the chair and the CEO.
Solomon Lew’s obviously been creeping on Myer for five years or so. He’s been watching in or around it for five decades. But it’s now got to the point where the chair and the deputy chair Olivia Wirth and Gary Weiss, the two newest directors … are very much in control. AI is designed to strip cost out of businesses, to increase productivity and push down inflation, so the collision of these two big ideas is really interesting.
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