The Distillery: DJs discontent

Commentators take aim at David Jones’ corporate governance, while others ponder the challenges ahead for Fairfax Media.

On a day when Australia’s unemployment rate stayed put, business commentators were distracted by the goings on at two of the country’s most well-known companies: David Jones and Fairfax Media. Two scribes take aim at the corporate governance issues at David Jones in the wake of intriguing director trading just prior to the release of sales figures, which came on the back of the sudden departure of chief executive Paul Zahra.

It seems investors want Zahra back after long being critical of the results he has achieved. With no succession plan in place and signs of Zahra’s strategy taking root, it’s a case of the devil you know.

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