The clock is ticking on Tabcorp’s turnaround plan.
A powerful shareholder group got two directors’ heads on sticks last month. Now, it wants the new brigade to significantly cut costs, fix its core wagering unit, get more out of its media assets and stop getting pushed around by racing bodies and governments, who continually milk Tabcorp at the expense of shareholders.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
