The whole transaction was a sham from start to finish. "Project Suzie" was planned from the early days of privatisiation with Kerry and the board as it was, including I may add, many of the protagonists in the recent failed bid. Macquarie was as thick in it then as they were with this one...
Corporate Governance is the key to ensuring the rules are adhered to.
The scary part is the beneficiaries of the rules are usually the rule makers.
Just where is the scrutiny of this "transaction" and many others?
As we have seen with Enron before and now the financial mess in the western world, allowing the foxes to run the chicken coop very rarely results in a good outcome....for the chickens.
