“well into an investment cycle that should lead to long-term consistent growth from a stable of high quality strategic businesses.”
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“Im talking about business ethics here,”
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“Toll has negotiated for itself a 20-year contract which gives it exclusive rights to all of the freight carried by Pacific National in Queensland,”
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“Well, Richard always is a colourful sort of sideshow, isnt he.”
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“I dont think any progress has been made on that front.”
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“Toll have effectively negotiated with themselves a transaction which is not in line with the board approval that was given,”
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“Unfortunately, Toll did not apply the same standards”
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“Theres a risk I suppose that Pacific National is broken up and thats a route that seems inevitable,”
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“We have been trying for months to get an investigation underway into this deal which was negotiated between Toll employees and former Toll employees who were being given Toll options while working at Pacific National,”
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“All Patrick employees who went to Pacific National when the joint venture was formed in 2002 were required to resign from Patrick and did not receive further options from Patrick,”
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