For me, the telling statement in the investor concall on Logica's profit warning (see here) came from CEO Andy Green: “The (Logica) Board genuinely believes it is right to take tough decisions today”. The problem, as I have always seen it, is that the Board ought to have believed it was right to have taken ‘tough decisions’ way earlier than that.
Which decisions, and why, eligible TechMarketView subscription service clients can find out in UKHotViews Extra here!