If Bank of Queensland chairman Patrick Allaway had any doubts about the decision his board reached on the weekend to immediately remove chief executive George Frazis, it had probably evaporated by Monday morning.
Allaway woke up to find the news of the CEO’s removal had been leaked to the press, and spun in such a way that it even suggested Frazis could stay on as a consultant.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
