I’ve never heard of this phrase “turd polishing”.
I own farms and know cattle quite well and have a dog and the idea conjures up certain images.
I do know that polishing turds would never work.
Australian Financial Review
Seven results call a masterclass in turd-polishing
by Bryce Corbett
“It’s hard to know where to start with the much-hyped Seven half-yearly results call on Wednesday. Surely there are only two possible conclusions to be drawn.
The first is that they’re world champions in the art of turd-polishing. A 91 per cent drop in interim net profit was spruiked as a formidable achievement in Australian business (such is the nature of these calls). The Olympics were not a dud investment but rather a long-term strategy play with a halo effect that might not be immediately reflected on the bottom line. And a flurry of credit-card fraud and expenses scandals was not the result of a culture problem, but rather a direct consequence of more stringent internal auditing procedures. Ohhhhkay.
The second conclusion is that walking through the doors of Seven’s Pyrmont headquarters in Sydney takes you to an alternate universe: a place where reality is indefinitely suspended and the affair between CEO Tim Worner and former employee Amber Harrison – and the subsequent shit-storm it has unleashed and reams of newsprint it has filled – is a piddling matter unworthy of board or executive attention.
“It happened 2½ years ago,” Kerry Stokes said on multiple occasions, as if there were a statute of limitations on questionable corporate behaviour.
Our favourite moment was Stokes denying a suggestion that his own newsrooms had run dead on the story because of a directive from on high.”