The Distillery: In vino veritas

Jotters pick apart problems at Treasury Wine Estates, with one laying the blame squarely at the board's feet.

Treasury Wine Estates chairman Paul Raynor has waved goodbye to chief executive David Dearie in the wake of the wine company’s embarrassing inventory problems. The former Foster’s arm just can’t shake its history as it tries to write a new story, according to Australia’s business columnists.

The Australian Financial Review’s Matthew Stevens says Raynor strikes him as the Henry Ford-type, at least in terms of philosophy.

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