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Exiting Jamie Pherous should be the easiest decision ever

In the middle of each night, when Corporate Travel chairman Ewen Crouch gets up for a pee, he must silently acknowledge that he’s got absolutely no idea.

Jamie Pherous is the founder of Corporate Travel Management. David Rowe

As the smoking hull of Corporate Travel Management sinks beneath the waves, it would be a fool’s resort to play “I told you so”. I’d long ago resigned myself to the likelihood that Jamie Pherous was a shonk so slippery that he’d never face his comeuppance.

Pherous stretched every truth, from the company’s non-existent technology patents to its global network of ghost offices. He cut every corner, calling himself a Chartered Accountant decades since he’d last been one, even letting the registration of his private company – which held 19 per cent of Corporate Travel’s shares on issue – lapse. He was a sharp operator and a sloppy operator at the same time.

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Joe Aston
ColumnistJoe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

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