Chris Corrigan
Chris Corrigan
Chris Corriganis an Australian businessman. He was the Managing Director of the Patrick Corporation until it was taken over in 2006...
focused national orderly pacific paul toll valuable
It would be more valuable to Patrick and Toll shareholders if (chief executive) Paul Little focused on an orderly break-up of Pacific National which is now deteriorating daily.
buy originally pacific toll
Originally Toll wanted to buy that through Pacific National,
bid build competing crude far serious stop toll
Far from being a serious bid to build an Asian-Pacific colossus, the bid is a crude maneuver to stop Patrick competing with Toll in Australia. Patrick doesn't need Toll.
assets belief confirmed earnings higher last learned lower months quality risk seven toll
Everything we have learned about Toll in the last seven months has confirmed our belief that Toll has lower quality assets and a higher risk earnings profile.
money turns
Now it turns out that this is considerably more money than these ferries actually make,
buy control danced effective given grave hope opportunity situation wonderful
Now he's being given the opportunity to buy back effective control (of Virgin) at 1.40 aud (a share), so it is an extraordinarily wonderful situation for him. I hope he hasn't danced on my grave prematurely.
dominant future given greatly growth market prospect prospects regards superior toll
Patrick regards its prospect for growth in freight forwarding as greatly superior to Toll given that Toll is already the dominant supplier in this market with no significant prospects for future growth.
automated capital investment month move next opening phase program
Our long-term capital investment program in ports will move to a new phase next month with the opening in Brisbane of our world-first automated straddle carrier terminal,
consistent cycle growth high investment lead quality stable strategic
well into an investment cycle that should lead to long-term consistent growth from a stable of high quality strategic businesses.
deal employees former given months options pacific toll trying
We have been trying for months to get an investigation underway into this deal which was negotiated between Toll employees and former Toll employees who were being given Toll options while working at Pacific National,
emails expect great imagine occasional odd opportunity phone receive start work
I imagine we'll start off with: Great opportunity to come into a dysfunctional organisation, work for two shareholders who are at each other's throats, expect to receive the occasional barrage of emails and the odd derogatory, blasphemous phone message,
personal-transformation transformation collectives
Without deep personal transformation, collective transformation is not possible.
business thinking years
I think the most important CEO task is defining the course that the business will take over the next five or so years. You have to have the ability to see what the business environment might be like a long way out, not just over the coming months. You need to be able to both set a broad direction, and also to take particular decisions along the way that make that broad direction unfold correctly.
ambition opportunity years
I'd always had a childhood ambition to go into the investment capital business, and spent twenty-odd years in it. But the thought of spending the second half of my career in the same business was boring, so I looked around for other opportunities .