Saracenman, I think you're very close to hitting the nail on the head.
Tim, I klnow you've got the bit between your teeth and fair enough, but I don't seriously think anyone has deliberately wasted money. You might very well have a fundemental disagreement over how it was spent etc and justifiably object to their spending on cetain people or items but thats very like the "F" word mentioned a few posts ago to suggest it was deliberately misspent.
Anyhoo, isn't the gist of the last few excellent posts that leadership has been lacking and it would be good to know how / if it has really changed and is it too late. On the basis Dr P was good enough to speak to me once before, maybe I should write to him again and see if the answers vary and hear it from the horses mouth rather than all this supposition unless someone else wishes to. Any better ideas?