I am mainly voting against the demerger. Not for Mike Cannon-Brookes.
Voting against the demerger does not mean voting for Mike Cannon-Brookes taking control. It simply means I am voting to keep the company together, rather than splitting it in two.
I have read some of the booklet (after downloading it from the web) and there is nothing in it, that I can see, that creates value. So far, as far as I'm concerned, the board has been unable to demonstrate any benefit from splitting the company. None. Not a single solitary one.
If anything, splitting the company doubles up on costs (corporate and administrative). What is the harm of keeping the company whole? Everything the board wants to do can be done without splitting up the business (except demerging).
Cannon Brook Buy a puff jacket for winter rating is 1.5, page-19
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