The big business story of the week has also been the biggest non-business story – the tragedy at Dreamworld, which is owned by listed company Ardent Leisure. Its share price crashed, and the company’s board and management provided a useful lesson in how NOT to manage a crisis, among other things by going ahead with a vote at Thursday AGM on bonuses for the CEO, Deborah Thomas.
Here is a chart of Ardent’s share price the start of 2014 – all that was gained has now been lost. It’s times like this week that show what a company is really made of, and unfortunately Ardent Leisure has fallen short.
To see more of Alan Kohler visit The Constant Investor for his Weekly Overview, exclusive stock tips, investment ideas, podcasts and much more. Click here to learn more.
