Whoever bought Telstra knew these conditions would be brought upon it after it was sold. I believe that was made quite clear when it was offered for sale. Edit after watching the 10 news: ROFL @ SOL! The only thing thats worth 11 mill about him is the reward for his Wanted poster. Rescueing a failing company? Pfffffft i think not. Transfering alot of debt to himself, sure. But Telstra was never going under. They just had alot of debt to clear.