GXY 0.00% $5.28 galaxy resources limited

Hey @Thesi, sometimes you react rather than respond, that's not...

  1. 594 Posts.
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    Hey @Thesi, sometimes you react rather than respond, that's not good for an investor. Also, there're alot of paid trolls on HC, so don't respond to words on a screen.
    There's a major difference between executive and non executive.
    AT is the only executive, all others including Martin are non exucutives.
    Martin was in charge of lithium one as non executive, which Galaxy took over. AT is the executive.
    In the US, the CEO is top.In Europe MD is top. Different titles same role. In Australia, the CEO can be non exec, all non exec must report to the executive manager, in this case i
    t's AT. Martin is the spokesman of Galaxy, in charge of all non exucutives.  
    Shareholders be it minor or major holders do not make board decision. Board members do not need to be shareholders. Non executives can be on more than  one board. Their roles can be advisers only.
    Many years ago Toll made a TO bid for Virgin Australia. The first bid was under 50%, the final bid, they had 80%. Richard Branson had only 5%. As an executive with the highest shareholding of all board members, he rejected the bid. As a result, Toll sold their shares in virgin at a loss.
    TO of a business is not that sinple.
    AT can sack all non executives at any moment.
    All HC keyboard warriors and analysts, should have been yelling at Simon Hay, yet to be CEO and spokes person is Martin. AT is the next level up.
 
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