tip off

Mayne: the 233 companies taking out the trash with last-minute AGMs

Companies have until five weeks out from the end of the year to hold their AGMs, and guess what? More than 200 of them held them on the very last day possible.

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As the AGM season ends with a rush, Mayne reviews a few highlights

It was a colourful year for AGMs, with attempted coups and some big names departing.

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Mayne: fiery Cabcharge AGM disregards ‘no dickheads’ policy

Cabcharge AGMs tend to attract aggressive taxi industry operators who behave in ways that would make Travis Bickle blush. So yesterday’s full-frontal assault on rival company Uber was of little surprise.

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Mayne: Ten exploits loophole to avoid election for chairman

What to do when a company ignores the importance of a shareholder mandate? Nominate yourself for election every year until the board democratises.

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Mayne: governance issues aplenty for Costello to tackle at Nine

Conflicts of interest ran up against extreme tedium at the Nine Entertainment Company’s recent AGM.

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Murdoch and the Saudi prince: Mayne plots the scenarios

Saudi Prince Alwaleed bin Talal says he “never votes” against Rupert Murdoch. But Crikey’s founder finds that the numbers don’t quite stack up …

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Mayne: even the Saudi Prince has turned on Rupert — not that you’d read it in the media

Rupert Murdoch protected his own at News Corp’s AGM, but if he had not gerrymandered the voting shares, he himself could have been chucked off News Corp’s board.

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Mayne: a ‘feral’ octogenarian, Gina Rinehart and Malcolm Turnbull walk into an AGM

Fairax AGMs have a long and colourful history, and the most recent outing in Melbourne had its fair share of intrigue.

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Mayne: why is the Oz spinning for an overpaid and underworked Rinehart?

Gina Rinehart’s abysmal attendance record at Ten Network board meetings has been conveniently omitted from the glowing coverage of her in The Australian.

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Companies for old men: the codgers who refuse to let go of their boards

Is it ageist to suggest companies might be better off electing at least a few younger faces to their boards? You know, so we don’t have quite so many executives dying on the job …

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Mayne’s guide to media company AGMs this season

With Peter Costello, Gina Rinehart and Kerry Stokes all entering the fray, it’s shaping up to be an AGM season of big personalities and even bigger corporate adjustments.

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Media briefs: Fox AGM … Bolt on Walkleys … ‘illegal’ v ‘irregular’

The Murdoch family retains control of money-making machine 21st Century Fox, but some shareholders aren’t happy. That and other media tidbits.

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Mayne: the real story behind the Cochlear pay revolt

A shareholder revolt against the issuing of options to Cochlear’s CEO elicited some interesting information at the company’s AGM yesterday.

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Leighton Holdings’ lizard brains didn’t get the better of them

Leighton Holdings’ shareholders were only interested in one thing at Friday’s AGM. If losing one chief executive is a misfortune; to lose both looks like carelessness — and had they been paid the money?

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Mayne: Big bank AGMs and the cynical late December club

The big banks used to be the masters of cynical pre-Christmas AGM scheduling, but this year, agri-business competitors AWB and Incitec Pivot have stolen the prize — both planning their AGMs for 2pm on 23 December.

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Another year, another Telstra rave fest

While the whole experience was very frustrating for shareholders who wanted to hold the board to account, the AGM was a PR success for Telstra, with minimum scrutiny of the board’s performance.

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Opera Australia in shifty AGM lock-down

Our national opera company continues to behave like a naughty adolescent instead of a mature adult of 50.

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Time for Collingwood to move on from Eddie McGuire

The Collingwood Football Club AGM at the MCG tonight should be an absolute belter, writes Stephen Mayne.

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Morning Market Report

The highlights and lowlights of this morning’s sharemarket activity.

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Tips and rumours

Has Fairfax made a monumental ballsup with its takeover of the Southern Cross Radio Network ? There’s a massive dispute underway over just who owns the $35 million 2UE building in North Sydney. Macquarie Radio, which owned Southern Cross for just two days before on-selling to Fairfax, says it gets to keep the 2UE headquarters. […]

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Does Kerry Stokes want to strong arm The West’s editor?

These are very interesting media times in Western Australia. The Seven Network, controlled jointly by KKR and Kerry Stokes, has this week lifted its stake in West Australian Newspapers to almost 20% after seemingly being rebuffed by the board in its request for two board seats, writes Stephen Mayne.

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Time for Twiggy Forrest and Fortescue to grow up

Andrew “Twiggy” Forrest may be the controlling shareholder in a $15 billion company, but he still runs emerging iron ore company Fortescue Metals likes it is some two bob speculative mining stock, writes Stephen Mayne.

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Rupert comes Down Under for election

Rupert Murdoch may have given Australian politics a wide berth at the News Corp AGM in New York last week, but the Sun King will have ample opportunity to try and influence the result when he comes Down Under in two weeks time, writes Stephen Mayne.

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Murdoch control-freaks out in force ahead of AGM

It’s now less than 12 hours before proceedings kick off at the News Corp AGM and it seems Rupert’s security people are paranoid the world over, writes Stephen Mayne.

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Qantas Club musings: Pratt, Rupert and Margaret Jackson

Dick Pratt, the federal election, AGM season, taking on Rupert Murdoch in New York. Talk about bedlam. Sitting here at the Qantas Club in Melbourne Airport, it’s nice to finally draw breath ahead of the News Corp AGM on Friday, writes Stephen Mayne.

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