How Telstra jet-setters blew millions*
View full article.
Article Extract:
"Telstra executives - led by the chief executive officer, Sol Trujillo, and his chief financial officer, John Stanhope - also benefited from a lavish trail of expenses on an overseas tour to tout Telstra shares, a report by the Australian National Audit Office shows.
Telstra management on the tour demanded to stay at exclusive hotels - in New York, the St Regis; in London, the Berkeley - at a cost of more than $1300 a night per person.
The taxpayer footed the bill for Telstra management, representatives from investment banks, and officials from the Department of Finance.
Asked about the expense, the Department of Finance said Telstra executives might not have co-operated if they could not stay in hotels of their choosing."
* Reference: Sydney Morning Herald Jacob Saulwick June 25, 2008 | 
