Not sure Maley, but no doubt there were bonuses etc that were...

Not sure Maley, but no doubt there were bonuses etc that were triggered. I can't believe the hypocricy when i read the the Bank of Queensland sacked 10% of their staff and nothing was said there. I'm sure the powers that be got their entitlements. Every 2nd story is about sackings and people getting laid off. What do people want? Would they rather see an icon like PBG go broke? We see the bluest of blue chip stocks going broke nowadays and we can't see that in the current climate, it is survival of the fittest.

It really annoys me and makes me laugh when the media or trot out the old "it's unaustralian" line. So, it is Australian to make poor business decisions? I might not be an economics genius, but i would guess that nearly all businesses are in the business of maximising profits and minimising losses. Gee, i wish the media campaigned this heavily when every few months banks decided to increase rates higher than expected and then on the flip side, not pass on the cuts. Obviously this is more Australian than what PBG have done. Oh, and did the CEO's receive their big fat bonuses?

I'm getting worked up and i don't even own PBG shares. Those who hold must be livid. Provided PBG survive (that's what it is all about now), surely they are a screaming buy. Maybe time to add a few.