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09/10/16
21:49
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Originally posted by jimk3758
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My interest is in the best person to run the company...
Me also I just don't think that's AG.
The board think he is...
The Board has let shareholders down big time
I'm certain the baking syndicate think he is.
Possibly and I would reconsider AG if If true.
Most loan conditions have non-financial conditions attached such as conditions if loan predicated on certain key executives remaining employed.
Yes so what, I care about shareholders interests not BOD or bank s.
I don't know if S&G has such a condition but considering the severity of the situation I would be amazed if the banking syndicate did not have a voice on who runs the company.
Possibly and I would reconsider AG if If true.
If he syndicate inidacted they wanted change and or the board indicated it is time to go (we would never know until after the event) then I would agree that was the best decision.
I don't trust this BOD as far as I can throw them.
I don't buy into this 'its a Cosy club looking out for each other' attitude.
Seems to be the case judging from events such as JS taking 50% raise and AG seeking incentive bonuses.
We have syndicate advisers and ASIC crawling all over the company.
If we are talking about banks they could not care less about shareholders.
They [management] would not get away with unreasonable feathering of own nest.
As long as banks are paid they don't care if rest of S&G profit goes directly to AG personally .
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Getting ridiculous now Jim, if the banks get what they want then so do shareholders - self evident.
Just one last thing for you to consider. You don't trust the board! The Chair of Audit Compliance and Risk management committee is Mr Millar. Therefore bearing in mind it his responsibility to ensure governance and has only been employed since December 2015, you already believe he is tainted?