Companies

Jun 26, 2012

GetUp! hits Woolies with EGM tactic from Packer playbook

After James Packer blazed the trail and demonstrated how a full-on media campaign, combined with the calling of an EGM, can destabilise a public company, GetUp! has followed in his footsteps

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

After James Packer blazed the trail and demonstrated how a full-on media campaign, combined with the calling of an extraordinary general meeting, can destabilise a public company, activist group GetUp! has followed in his footsteps by calling an EGM of Woolworths shareholders.

3 comments

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3 thoughts on “GetUp! hits Woolies with EGM tactic from Packer playbook

  1. seriously?

    It’s quite amazing that woolwoths have been able to fly under the radar for as long as they have. They are quite clearly the poke kings of Australia, forget the rest. More pressure needs to be placed on the board, who no doubt like to think of themselves as respectable, upstanding grocery men (and women) and quite different from the grubby gambling industry spivs. Maybe get-up should fund an ad “we’re woolworths the pokies people” Keep up the pressure Stephen.

  2. zut alors

    @Seriously?, the ‘we’re Woolworths the’pokies people’ jingle is truly inspired.

    Thank goodness for GetUp! and Stephen Mayne. There doesn’t appear to be a whiff of this story anywhere else apart from Crikey.

  3. Tom Jones

    Coles could leverage this to their own advantage. People can decide that they won’t buy with the pokies people which hurts the other bottom line and would make the pokies losses easier. The move by GetUp is inspired.

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