January 12, 2010
Below is a package of favourite AGM highlights since we launched The Mayne Report in 2007. They are largely snappy 2-3 minute affairs and well worth a listen.
Ten Network 2009
Going in hard on the SPP rip-off
Fired up campaign speech on SPP shafting and appalling election process
Woolworths 2009
Chairman's opening comments about shareholder concerns with the pokies business.
Stephen Mayne sprays the board in no uncertain terms
Fellow shareholder Judy Latta asking for ATM limits at pokies venues prompting attempt by chair to shut down pokies debate
Paul Bendat from PokieAct.org discussing issues about children in gaming venues and problem gambling
Seven Network 2009
Is Nine closing the gap and will chairman Kerry ever go non-executive?
Hosting the PM in Broome, praising stimulus and the contrast with Rupert.
Asciano 2009
Why didn't you accept more than the $100 million from the SPP?
QBE 2009
Stop treating us small shareholders badly and what's wrong with renounceable rights issues?
ASX 2009
What
lessons have you learnt from the wild west of infrastructure funding
that you tolerated and what changes have you made to make sure it wont
happen again?
Where is the ASX on taking steps to further protect retail investors?
Why can't the ASX mandate that scale back policy is outlined in the offer document and stick to it?
Clive Peeters 2009
Compilation of all our questions on the fraud
Fairfax 2009
Questions on why Fairfax missed the three big online classifieds plays
Questions for Roger Corbett on Woolworths, pokies, conflicts and his small shareholding
Stephen Mayne campaign speech
AWB 2009
Have you
considered a follow up SPP for retail shareholders? How did you go from
paying dividends to a debt crisis? Tell us how the $200 million
disappeared in Brazil.
Campaign speech and shareholder questions
Crown 2009
Opening salvo: response to James' pleas on problem gambling, overall financial performance and US write-downs
James Packer defends board processes during the US casino splurge?
Chris Corrigan defends board processes and takes shares of blame
GPT 2009
Challenging PwC auditor David Armstrong on the missing $4 billion in book value
When did you wake up and realise the Babcock JV was a disaster?
Why is GPT ripping off small shareholders in the latest capital raising?
Toll Holdings 2008
Skewering chairman Ray Horsburgh over the $55 million executive rip off
Opposing Ray Horsburgh's re-election for failing to try and recover some cash back from the executives
Macquarie Group 2008
Go ahead and make our day by selling Sydney Airport for $12 billion
Why is a banker owning a bank magazine?
Why is it taking so long to get Peter Costello on the board?
Westfield 2008
Got a margin loan, Mr Lowy?
Take a hair cut on the salary, Frank
How old is the candidate, Mr Hilmer, and is he going to serve a full term?
Macquarie Airports 2008
Question about their performance fee
Why hide in dodgy Bermuda?
Tabcorp 2008
Political environment, banning children and responsible gaming practices
Macquarie Media 2008
Ding dong battle with Max the Axe over appalling governance structure
Babcock & Brown Infrastructure 2008
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.
Consolidated Media Holdings 2008
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
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 Packer for working for free
ASX 2008
Opening battle over supervisory failures as chairman tries to delay debate
Campaign speech complete with shareholder heckling
Michael Sharpe explains how his poor health at Babcock is fine at ASX
Nailing Maurice Newman for blaming the press and jousting with Eric Mayne over Babcock disclosures
Asciano 2008
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?
Zinifex EGM on Oxiana merger
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 2008
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
Where is our Labor mate for pay-TV lobbying
Rio Tinto 2008 AGM
Why isn't Rio Tinto headquartered in Australia?
Why is the chairman paid so much?
Vote against Rio chairman Paul Skinner
Alumina 2008
Campaign speech for a board seat
WA News 2008 EGM
Campaign speech and 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
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