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Aaron Patrick

The reality-defying optimism of ASX CEOs

The gap between how some CEOs describe their company’s performance, and reality, seems to have become unusually large.

BlueScope’s 64 per cent profit fall was “encouraging”, chief executive Mark Vassella wrote in the steelmaker’s earnings statement on Monday, because it demonstrated the company’s “resilience” when prices dropped.

BlueScope CEO Mark Vassella in Melbourne on Monday. Wayne Taylor

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Aaron Patrick was a senior correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/work-and-careers/leaders/the-reality-defying-optimism-of-asx-ceos-20230221-p5cm5g