<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
Why is andy penn a failure ceo?
<|assistant|>
Andy Penn is considered a failure CEO because he was not able to meet his own expectations nor those of the shareholders despite the huge investments by Telstra Corporation Limited in the business. Under Penn's tenure, Telstra's share price dropped significantly and the company missed key growth opportunities in the sector. As such, he lost the confidence of the investors and shareholders, which ultimately led to his ouster. Further, his leadership style was not appropriate for the dynamic environment and he often made decisions based on what was beneficial in the short term instead of considering the longer term implications. Therefore, his failure to strategically and successfully navigate key business decisions ultimately culminated in his downfall.