Westpac's annual general meeting might have raged for around six hours, but it took only the first 30 minutes for outgoing chairman Lindsay Maxsted and acting chief executive Peter King to lay bare the size of the hole the bank finds itself in.
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
