For Michael Chaney, it’s always been about the numbers. He insists that the single most important factor in Wesfarmers’ success has been the corporate objective of providing “a satisfactory return to shareholders”.
In an era of AI hyper-speed, hyper-charged share price rises and dramatic falls, along with ever more extreme predictions and promises, the notion of “satisfactory” long-term returns seems almost quaint. Not too many obvious headlines there.
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