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2009-09-16

Rudd government damages Telstra shareholders

Comments on Peter Swan “Rudd playing Ned Kelly with Telstra”, 16/09/2009, http://wl.theaustralian.news.com.au/story/0,25197,26078850-7583,00.html

I have branded Conroy as an economic terrorist. His action is no different from terrorists' destroying the World Trade Centre twin towers, given its damages to Telstra and so many of its shareholders.

There is no justification for any government or politicians to cause material damages to a company or shareholders.

Telstra and its shareholders are justifiably entitled for appropriate compensation and should nail the government in court.

Telstra also needs to bring the ACCC for its adversary effect on Telstra's profits over the past many years by excessively depressing its prices

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