QWC's Nosworthy and other Commander Communication directors 'fiddling while Rome burns' ...

Excerpt from Sydney Morning Herald:

No saviour for telco

1 December 2007

Commander Communications has failed to attract a white knight despite desperate attempts for more than a month, leaving the company considering an equity raising to help pay off debts that have ballooned to $365 million.

Commander's management was accused by hostile shareholders at its annual meeting in Sydney yesterday of "fiddling while Rome burns" because it had remained silent over most of the last two months as the share price hit recurrent all-time lows.

More than $406 million - 88 per cent - has been wiped from Commander's market value over the past six months as institutional shareholders rushed for the exits in the wake of three swift profit downgrades and a trading suspension for failing to lodge its accounts.

Yesterday shareholders who had flown from as far afield as Perth vented their anger on the board and management. Apologies from Commander's chairwoman, Elizabeth Nosworthy, could not disguise the fact none of the directors or senior managers had fallen on their swords despite the company's plight.
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See - Fiddling while Rome burns.