Telstra's ex-CEO Sol Trujillo.
The quiet exit of former Telstra CEO Sol Trujillo will perplex some, while many others think his departure is in line with the management style he displayed at Telstra over the past few years.
Here’s a quick summary of what the Australian press has been saying in the wake of Sol Trujillo’s return to America.
The Australian says the manner of Trujillo’s departure was in stark contrast to his dramatic arrival in 2005, when he was heralded as the company's saviour by then chairman Donald McGauchie. But with a much-deflated share price, the sword of regulation swinging over the telco's head and an incomplete transformation program, most market investors are clearly disgruntled with the results almost four years on.
Communications Minister Stephen Conroy has brushed aside comments from former Telstra chief Sol Trujillo, who questioned whether the Government's $43 billion national broadband network would ever see the light of day.
The SMH says: The Telstra's tactic to play hard ball with the Government and the regulator has resulted in Kevin Rudd's decision to build competing telco infrastructure and strangle Telstra with more onerous regulation.
Sol Trujillo’s homecoming appears to have been anything but warm.
Trujillo makes quiet return home. Former Telstra chief executive Sol Trujillo has returned home to the US more than a month before he was due to leave the telco giant.
iTwire says Tick, tock Thodey, your Telstra time as CEO has started, and the legacy you build will determine whether you’re seen as Thodey the Tough, Thodey the Terrible, Thodey the Tame, Thodey the Technologist, Thodey the Temporary, Thodey the Thorough, Thodey the Terrific or some theatrical combination of all of the above. Time will tell!
The Telegraph says: SOL Trujillo was in a typically combative mood yesterday, saying he left Australia with no regrets and cynically suggesting the Rudd Government's $43 billion fibre-optic network plan was little more than a political stunt.
The AFR says: The early departure of former Telstra chief executive Sol Trujillo was quiet and without much fanfare. (login and password required).
Sober send-off for last amigo. The lavish Crown Towers on the southern bank of Melbourne's Yarra River refers to itself in its brochures as "a hotel that truly understands the meaning of opulence".
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