Solid Energy and the last men standing

By Karl du Fresne In Business, Economy, Politics

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11th March, 2013
What were the directors of state-owned enterprise Solid Energy doing while the company amassed debts of $389 million? That was one question on the minds of opposition MPs when Solid Energy chairman Mark Ford appeared before a parliamentary select committee this week to explain how the SOE, once a star performer in the public sector, was now on the critical list. They were also curious to know why bonuses totalling $23 million were paid to chief executive Don Elder and top managers when Solid Energy was evidently in freefall. Ford wasn’t the only SOE chair fielding curly questions ...

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