I have been a bystander in the ongoing debate of Telecom Fiji. I have read all the blog sites and feel as a member of FNPF and shareholder of ATH that its now my turn to comment. I also have family members working in TFL and what I am saying is gathered from inside the company and outside.
ATH needs to act quickly on what is happening.
1. There is no board of TFL the chairman and several board members were stood down after the sackings of FNPF board
2. There is an acting CEO who does not have the authority to be making the decision that have taken place in the past few weeks
3. 170 staff have been sent home in a restructure
4. The person running the company is the Sri Lankan CFO
Now, and im not a person with business qualifications but can someone answer me this. Why is it that TFL are allowed to continue along this path without first appointing a chairman of the board and credible board members, then they should appoint a CEO then that CEO should appoint a management team then collectively they should decide on who stays and who goes, if anyone should in fact go.
Here is a classic example of a corporation gone wrong. In the past few years the board have changed several times, the CEO has always been appointed from within, these people who are running the company are not qualified to make these decisions and the government are standing by and is ATH without getting involved.
only last week all the management jobs are up for grabs, how can a company without a board and without a CEO decide on anything?
I want answers, i have invested my hard earned money into these companies and they are been run like corner stores. The voice from within the company is saying they have had enough. Bad decisions from the past 5 years have taken its toll.
From a concerned shareholder (Real Fiji i hope you will print this letter, vinaka and apologies for my bad english)