It's a case of the executive who came in from the cold at TZ Ltd.
Celebrity Apprentice boss/Yellow Brick Road executive chairman Mark Bouris is stepping back from his executive duties at the smart locker maker and handing the business back to one of its founders, John Wilson.
"I'm satisfied that this is a good time to retire after eight years as the executive chairman of TZ Ltd and I am happy to say that the TZ business can now be ably run by a very good management team," said Bouris.
After accumulating $187 million worth of losses, the company is threatening to break even ... some time soonish ... with forecasts it will achieve EBITDA break even this year.
Bouris will become a non executive chairman – with his $440,000 a year salary taking a cut of more than 50 per cent, according to a spokesman.
If CBD recalls correctly, Wilson stepped down as chief executive in May 2012 after the failure to secure a lucrative new deal sent the share price plunging 43 per cent to below 16c. It was a big deal at the time.
Not such a big deal now, given the stock is currently trading at 3c.
So Bouris announced recently that Wilson is returning to the fold as chief executive after a five year gig consulting to TZ Ltd. That's a long time in the wilderness.
Bouris probably feels a lot more comfortable stepping down with former TZ chairman, Anthony Sigalla, jailed for up to 10 years in February, after being found guilty of stealing more than $9 million from the company.
The announcement came just days after another former TZ executive, John Falconer, was refused bail at Sydney Central Local Court after being extradited from Thailand on related charges.
The costs are adding up for the billionaires who pulled the pin on Network Ten, so let's hope they've got a better idea of how to run the broadcaster if their new bid succeeds.
The only upside from Lachlan Murdoch and Bruce 'Jed' Gordon's short court action against Ten's administrators is that its complete failure – as revealed by Monday's judgment – will not be as expensive as you would suspect, given the staggering legal talent employed.
Justice Ashley Black said his preliminary view is that the plaintiffs: Gordon's Birketu, Murdoch's Illyria, and WIN boss Andrew Lancaster, should pay the defendants' costs.
Poor Lancaster only made the plaintiff's list because he is a creditor seeking $13,500 in unpaid directors' fees from Ten.
Hopefully his boss, Gordon, will spot him some cash to cover the legal bill that will follow this court case.
We should hope he is also getting a pay rise after Lachlan and Bruce so indelicately threatened to sue him and the other Ten directors if they continued to draw down on the loan facility they had guaranteed along with James Packer.
Just as well it wasn't Bruce's son, Andrew 'Jethro' Gordon, who represented their interests on the Ten board – it would have made for awkward Gordon family dinners when Bruce jets across from the Bahamas.
At least Justice Black gave everyone some value for money by schooling all concerned in how things could play out at Tuesday's creditors' meeting.
With Murdoch and Gordon lobbing a fresh offer on Friday, the smart money is on creditors voting to adjourn the meeting while they consider the improved offer.
The judgment means CBS can still vote as Ten's largest single creditor at Tuesday's creditors meeting, and will hold sway on the vote taken by value of debt owed.
The jury is out on who will hold sway when it comes to the other vote by the number of creditors. And the administrators hold the casting vote if the creditors are split between the two votes.
CBS still has the last line of defence, given it is now the only secured creditor to the tune of $172 million – after buying out the Commonwealth Bank debt facility and the guarantee held by Packer, Gordon and Murdoch.
It all means there could be a marathon battle for control of Ten that the network cannot afford. The administrators were trying to wrap up the broadcaster's salvage operations within 60 days ie. next week, for good reason.
The only winners from any delays will be Seven West and Nine Entertainment.
Things are moving at lightning speed at Amazon's local arm as it finally prepares to dip a toe in the Aussie market.
Amazon Commercial Services Pty Ltd, has already removed senior executive, Fabio Bertola, from the board as of last week and installed its country manager, Rocco Braeuniger, and his director of operations, Robert Bruce.
Amazon's associate general counsel for Asia Pacific, Diana Broadhurst, retains her board seat.