Maybe you should learn a thing or two about investing before...

Maybe you should learn a thing or two about investing before making clueless comments like this, bro.

If the rest of the 89% shareholders are not in agreement with him, his plan wouldn't have worked. The fact that the incompetent board has to cancel the demerger should tell you that they could foresee the majority of the shareholders do not support the demerger from whatever data they already have.

And, of course big shareholders like superfunds/HNW individuals have more say in the direction where the company should be headed, otherwise why would they invest such amount of fortune in the publicly listed company? If superfunds allowed their customers to vote for their %, they might as well let a bunch of monkey do their job.

If an investor isn't happy with the direction where the company is headed, and couldn't influence the decision of the board, logically, they would divest from the company. Which was probably what happened in the last few years as AGL share price had been on the decline day after day. Logically, if you are not happy with the changes to AGL now, you could sell your shares instead of babbling your nonsense online.