morgan stanley announcement, page-19

Just watched the i/v with Eddie Groves on Inside Business. Appears that the focus now will be all on the Aust and NZ components of the business. He reinforced his commitment to ABS as CEO and it appears that he, for one, is in for the long haul. He even was prepared to admit that the previous board made mistakes and took their eye off the ball. I supposed he had to say that because it is bloody obvious, but a refreshing admission after all.