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I'd be lying if I said I was suprised. O'Neill and Carroll were always going to apply the blow-torch and whether it was going to be by choice to avoid the hassle or simply being removed Peter days were numbered from the moment the Quokka issues put the icing on the cake. Its a real shame though because he did do so much and I doubt you could have ever done a better job as CEO.
Here is to hoping the long-term replacement has the dedication and resourcefulness to keep things going up.