Our favourite AGM audio exchanges


November 7, 2008

Below is a well-edited package of favourite AGM highlights from the past 12 months. They are all snappy 2-3 minute affairs and well worth a listen.

Babcock & Brown Infrastructure 2008 AGM
Opening salvo on all these outrageous fees being gouged by Babcock & Brown as BBI shareholders lose billions.
Explain this 10% fee on the US deal and why didn't we stop borrowing and buying in 2007-08?
Rallying the shareholders to vote down the remuneration report from the floor.

James Hardie
2008 AGM
Why don't you drop the James Hardie name?
Why is Peter Willcox still on the Telstra board plus dividend constraints?
Can't we find Australians for the board?
Is Louis Gries really the world's best building products CEO?
You blew $100m on this silly share buyback!

CMH
2008 AGM
Has any director read Who killed Channel Nine? Plus, will James Packer buy back Channel Nine?
The James Packer and Lachlan Murdoch saga
Why no protest against John Alexander like at Crown?

Crown
2008 AGM
Strength of our balance sheet, plus James Packer's stake is debt free
Wow, that's a huge protest vote against John Alexander
Big round of applause to James for working for free'

Amalgamated Holdings
2008 AGM
You should be more active in finding bargin hotels
Time for boardroom renewal and what is former James Hardie chair Meredith Hellicar still doing here

AMCIL
2008 AGM
How can the ANZ chief general counsel serve on this board?
Why does Djerriwarrh feel the need to be our second largest shgareholder?
Why is Stan Wallis on this board when he blew more than $5 billion at AMP?

Boral 2008 AGM
It's time to go chairman

Reece 2008 AGM
Why is there no regular governance structure?
Bid debate around governance on election of new director
Lively remuneration repor debate
Final comment on cashed up company buying diamonds in the rubble

AFIC 2008 AGM
My proxy is shut down by chairman Bruce Teele before asking whether it is appropiate to have Stan Wallis on the board.

ASX 2008 AGM
Opening battle over supervisory failures as chairman tries to delay debate
Revealed: already two Opes claims on $100m guarantee fund
Campaign speech complete with shareholder heckling
Michael Sharpe explains how his poor health at Babcock is fine at ASX
Nailing newman for blaming the press and jousting with Eric Mayne over Babcock disclosures

Toll Holdings 2008 AGM
Skewering chairman Ray Horsbrough over the $55 million executive bonanza
Opposing Ray Horsbrough's re-election for failing to try and recover some cash back from the executives

Tabcorp 2008 AGM
Political environment, banning children and responsible gaming practices

Macquarie Media 2008 AGM

Ding dong battle with Max the Axe over Mac Media's appalling governance structure

Asciano 2008 AGM
If the shares are so cheap, why isn't the CEO buying and how much does he owe on the 10% stake?
Can we have a conventional meeting?
Big spray at lack of board accountability after various debacles and explain the Poole-Rowsthorn relationship
Why proceed with these unpopular options when the CEO already owns 10% of the company?

Pacific Brands 2008 EGM
Who are our big five banks? Is it fair to say we paid too much for Yakka?
How much are we spending on advertising regarding Macquarie Radio?
What are you going to do with the base director's fees?
Why hasn't the CEO ever been elected?


Macquarie Bank 2008 AGM
Tabling the suggestion to sell Sydney airport and make our day
Why is a banker owning a bank magazine?
Why is it taking so long to get Peter Costello on the board?

Zinifex 2008 EGM
Politely telling over-committed Zinifex chairman Peter Mansell to retire at the Oxiana merger EGM
Eulogy to Zinifex and sledging Andrew Michelmore for claiming "two plus two equals five"

Babcock & Brown AGM
Attempt to nail director Joe Raby with resurrection of Alan Bond - slapped down by Nosworthy
The model we are running is actually broken

Austar 2008 AGM
Question about Pay TV lobbying

Westfield 2008 AGM

Got a margin loan, boss?
Take a hair cut on the salary, Frank
How old is the candidate, Mr Hilmer, and is he going to serve a full term?
Full audio of our exchanges

Macquarie Airports 2008 AGM
Question about their performance fee
Why hide in dodgy Bermuda?

Rio Tinto 2008 AGM
Why isn't Rio Tinto headquartered in Australia?
Why is the Rio chairman paid so much?
Vote against Rio chairman Paul Skinner

Alumina 2008 AGM
Stephen Mayne's campaign speech

WA News 2008 EGM

Bunfight with Kerry Stokes over editorial independence
Listen to Kerry Stokes' 15-minute campaign speech

Oxiana 2008 AGM
Eulogy to Owen Hegarty and Australia's woeful mining record
Why Owen Hegarty should stay as CEO

AXA 2008 AGM
Why Paul "Centro" Cooper should quit Axa board
Time for chairman Rick Allert to retire

MFS 2008 EGM
The real reason why the share price tanked

AWB 2008
Why things need to change

Timbercorp 2008
Asking the CEO and chairman about margin calls

Skilled Engineering 2008
Railing against the failure to have a share purchase plan

Orica 2007
Why did you clowns sell Incitec Pivot on the cheap?

Incitec Pivot 2007
Calling for Centro chairman Brian Healy to be sacked

Coles 2007
Bagging Coles CEO John Fletcher at Wesfarmers takeover meeting

News Corp 2007 - Adelaide
Getting an apology from Rupert Murdoch for Glenn Milne assault

Macquarie Radio 2007
Taking responsibility for Alan Jones inciting the Cronulla riot

Macquarie Radio 2007
What happens to Alan Jones if there's a change of government

Macquarie Radio 2007
The Parrot's Mark Carnegie conflict over Qantas

News Corp 2007 - New York
Jousting with Rupert Murdoch over my shareholder resolution
Has Murdoch ever been elected as a director?

Macquarie Bank 2007
Auditor plus auditor response, remuneration report
Question for auditor about conflicts of interest

Perpetual 2007
Ripping into Perpetual over Gunns shareholding

Woolworths 2007
Get out of the grubby pokies business

Allco 2007 AGM
Opening exchange on conflicts of interest and related party transactions

WA News 2007
Alan Carpenter comments on WA News AGM

Gunns 2007
AGM aborted prematurely, extraordinary stuff

Australian Foundation Investment Company 2007 AGM
Does Don Argus not believe in resources boom?