[LINK] the Telstra TruJerko Trio

[Craig Sanders]

On Wed, Sep 13, 2006 at 11:34:14AM +1000, Marghanita da Cruz wrote:
> Craig Sanders wrote:
> >On Wed, Sep 13, 2006 at 09:43:47AM +1000, Richard Chirgwin wrote:
> >
> >>Craig wrote:
> >>
> >>>IMO, Trujillo was hired specifically to bring down the telstra share
> >>>price so that institutional investors could get a T3 bargain.
> >>
> >>Agree. And not only do I agree with you, Craig - but in a piece in
> >>the Saturday business section of the SMH on September 2, this was
> >>specifically stated by several share analysts. What was shocking was
> >>not the idea that the share price would be "talked down" to offer
> >>a bargain - shocking enough since that amounts to stealing from
> >
> >
> >it's also stealing from the current share-holders. and that is
> >unarguably a crime.
> >
> >i guess crimes aren't crimes when the shareholders are (indirectly)
> >tax-payers. with any non-publicly owned company, the senior management
> >AND the board of directors would be facing criminal charges for acts far
> >less blatant than this.
> >
> >>the taxpayer! - but that none of the share analysts saw anything
> >>disturbing about doing so.
> <snip>
> 
> In my view, there was no choice but to sell off the rest of Telstra.
> Whether the analysts are talking the price up or down is for investors
> in T3 to decide. There are a large chunk of public servants (and
> politicians?), whose super is in the future fund, who are pondering
> this very issue.

i can't quite see what your point is - unless you're trying to say that
it's OK to steal if you're doing it to pay off a debt?



(and no, it isn't just up to the investors to decide. as a citizen
of this country, i am indirectly a part owner of telstra and i most
certainly have a right to object when i see those who are supposed to be
managing that asset on my behalf conspiring to give it away at a bargain
price.  Howard and Co. are stealing from the public as well as from the
T1 & T2 share-holders)



craig

-- 
craig sanders <cas at taz.net.au>           (part time cyborg)