oz minerals directors resign, page-8

sadlouie

Re; "AM,s made the HARD decision to close Avebury..first he cuts back on towels, now a mine thats broke the company. God hes hard."

IMO nothing is worse than disloyalty & breach of trust. IMO the credit crunch has exposed many company executives for what they are - grossly overated & grotesquely over-remunerated impostors in emperors clothes!

IMO ZFX shareholders were hoodwinked by cashed up tsars whose pockets were bulging with our money while snake oil salesmen took OXR shareholders for a very long ride. However, compared with what is the apparently global standard ... banks, car makers, auditors, brokers, more banks, property funds, regulators, listed investment companies, hedge funds, mining companies including RIO .... we are certainly not alone!

IMO governments worldwide have failed investors & must act to make these self-serving, arrogant clowns accountable to shareholders, employees & customers. IMO for example:
. If shareholders reject remuneration that should be IT!
. Prior shareholder approval must be required for any merger or takeover to proceed!
. So-called 'sophisticated investors' must NOT be provided with information unavailable to retail shareholders - IMO that is blatant insider trading & should result in immediate fines, dismissal from the company without compensation and criminal prosecution.
. Any instances of witholding information or misleading shareholders should provoke an extraordinary meeting to consider the immediate replacement of members of the Board.
. Shareholders in companies should be able to complain about the performance of regulators, auditors & brokers to a publicly funded Ombudsman with very big teeth!

Merry Christmas & the best of good fortune to all OZL longers.

4YIO - NFA