Given the current arrangements he has in place maybe it is not in his own interest to turn it around. It is one very cosy relationship across himself, his family, MACQ, Channel 9 and it dovetails with his other interests.
As an outsider looking in it is appalling, as an insider (of the above) it is clever and compliant and harvests shareholders as much as anything else.
There is no true compelling to drive YBR to be supremely successful, there is of course the contrived argument that he is a shareholder as well but that is as much a front as anything else given the fee structures, cross billing and consulting agreements in place as well as being paid as the top executive in conjunction with drawing the same executive salary from another listed company, TZL.
YBR Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
