Euqorab
High Supremacy Member
- Joined
- Jul 8, 2001
- Messages
- 25,077
- Reaction score
- 4,690
i read the problem boils down to their assumption that electricity tariff would remained high to justify their lowballed water priceIf sentenced to jail will celebrate, absolutely bad management team and not taking ownership for bad judgement and decisions taken.
This is a good example of past performance not indicative of future performance, when under pressure they failed the test miserably.
i also read bad risk management poor corporate governance... but nonetheless it still cut both ways...
the judgment will probably be an interesting read when it's published!