It seems WOW is so on the nose with the business community that...

It seems WOW is so on the nose with the business community that the board had to settle for an internal candidate for the new CEO position. When such a (once) dominant company is forced to take what it can get, rather than have some of the best in the business, internationally and nationally, be willing to take on such a challenge, it suggests to me that WOW is either in terminal decline or will take a generational change of its entire culture (not just a clean sweep of the Board) before it once again finds its place in the sector.

It is such an unbelievable state of affairs, as a once long term WOW investor, to see such massive destruction of shareholder wealth. Sadly the narrative of failure is by no means over. The Lowes' legal debacle will fill many a news item in the media in the coming months or years. And thus continue to undermine the value of a once profitable and soundly run business. Other write downs in the carrying value of WOW's business units will follow.

The new CEO will need to be Herculean in his determination and Napoleonic in his strategic abilities and have the charm, grace and intellect of Kofi Annan.

I am skeptical Mr Brad Banducci has the above traits and therefore I do not think he will succeed. I do hope I am utterly wrong. Most Australian Super investments almost certainly have WOW shares in their portfolio and so the direct effect of wealth lost will be reflected in the lives of most of us for years to come.