Jun 19, 2026 – 5.00amIt was January 23, 2017, when Tom Gorman, the outgoing chief executive of Brambles, confessed he was “embarrassed” at presiding over a profit downgrade which wiped $3.1 billion off the market value of the logistics and pallets company.The downgrade came just two months after the company had reaffirmed its full-year forecasts at its annual general meeting. Maurice Blackburn and Slater and Gordon sued the company on behalf of shareholders who had lost money when the shares fell by 16 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Patrick DurkinBOSS deputy editorPatrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership.Fetching latest articles