article makes it sound like she doesn’t care or is distracted....

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30/11/22

11:29

Post #: 65068311
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Originally posted by Hopeful9: ↑

More in 'The Australian' on Wednesday 30 November 2022:

More to Myer chair than meets the eye; smouldering tensions at cannabis outfit
JoAnne Stephenson, right, pictured with Paul McClintok, was found moonlighting behind the counter during the Black Friday sales.
By Yoni Bashan
Margin Call Editor

and Christine Lacy
Senior reporter, Margin Call columnist
6:13AM November 30, 2022

Myer chair JoAnne Stephenson sure knows how to drive a side-hustle. On Tuesday we revealed her ownership of a homewares boutique in the regional Victorian town of Daylesford, where she was found moonlighting behind the counter during the Black Friday sales.
That may have surprised some of the department store’s shareholders, given this retail interest has never been declared to investors; the board itself has known about it for years. At least the perceived conflicts of Myer directors Jacquie Naylor and Ari Mervis and CEO John King are made clear enough on the website.
There’s not a word about Stephenson’s shop, eCasa, on her LinkedIn page, and even the store’s website refers cryptically to an owner named “Jo” (Stephenson’s full name can be found in the website’s journal, where almost no one is ever going to bother looking for it).

Myer chair JoAnne Stephenson, working behind the counter on Black Friday at her eCasa store.
But even we were surprised to learn Stephenson’s additional crusts don’t stop with merchandising in candles and body wash. It turns out Ms 56 per cent also pulls in some dosh on the side by using Airbnb to rent the two-bedroom digs located above her eCasa store.
What next? Does she also drive an Uber?
Styled as a “Paris-style apartment”, the pad (“L’atelier Daylesford”) is renting for just under $400 a night in the lead-up to Christmas. Not a bad little earner for Superhost “Joanne”, who’s received almost 200 positive reviews. We assume this is what 56 per cent of shareholders were supporting when they re-elected her as chair earlier this month.
It raises the question of just how Stephenson finds the time for these commitments, given her other, ah, paid duties at the publicly listed Myer, whose board met on 16 occasions in FY22. For those efforts, Stephenson was enriched with $250,000 in compensation.
And that’s in addition to her directorships at Challenger, where she was paid $282,000, and at listed real estate financier Qualitas, where she received $108,000 as an NED. We assume money also changes hands for Stephenson’s role as chair of the Victorian Major Transport Infrastructure Advisory Board, which is overseeing Premier Dan Andrews’ ambitious Big Build.

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article makes it sound like she doesn’t care or is distracted. Ask yourself why these articles are being written and what agenda are they serving. Publishing personal life activities like a cheap private investigator who probably went through her garbage as well doesn’t help the Australians perception of journalism integrity…

However I do like that she knows how to hustle, she’s clearly got an eye for making money in all parts of her life… she’s clearly hands on and wants to put her money to work..

I’d expect that she takes this money making mentality and applies it to her role in Myer…
MYR Price at posting: 71.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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