'Confidence' in CBA's Ian Narev is a hollow cliche
08 August 2017
In the sporting world, the expression "having the full support of the board" has become such a cliche it has even made it into the Urban Dictionary.
The definition is: "Something that a football club's board will say to the media about their coach two to four weeks before firing him."
It can also be applied to companies. Take Uber boss Travis Kalanick, who resigned amid a firestorm shortly after the board's Arianna Huffington told the media "the board has confidence in Travis".
Ditto for the boss of BP in 2010 and Yahoo's chief executive in 2011 who was sacked by phone within weeks of the board supporting her.
Read More: http://www.smh.com.au/business/banking-and-finance/confidence-in-cbas-ian-narev-is-a-hollow-cliche-20170808-gxrua4.html