Why this time might be different for serial underperformer Lendlease
A demerger is often the go-to solution for companies weighed down with an underperforming division. But it might not stack up for under-pressure Lendlease.
Lendlease chief executive Tony Lombardo is doing a good job of looking like he understands urgency.
This week, he’s requested the under-pressure construction and development group’s “key lieutenants” fly in from around the world and meet for a few days of strategy sessions. Last week, he told The Australian Financial Review’s Breakfast with the Boss podcast that he has always been in a hurry to get to the top.
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