FXJ 0.00% 66.0¢ fairfax media limited

Yes, good on Gina for applying the blow torch to this useless...

  1. 207 Posts.


    Yes, good on Gina for applying the blow torch to this useless Board. She should also demand that the Chairman and Board take a pay cut to their fees commensurate with the destruction of shareholder wealth i.e. they should take and 80 % pay cut to their fee's and no lavish board meetings in 5 star resorts/hotels/restaurants , all at share holder expense and in addition to their excessive fee's. Director's fee's tend to be linked to the market cap of a company and FXJ's has fallen 80% since this board took over.
    I know if she calls a meeting the majority of shareholders will tell Corbett what they really think of his, and the boards, stewardship of our company.
    I also think she has been too generous in giving him 6 months to turn things around, it should be more like 2-3 months. The share price won't survive 6 mths the way things are going.
    Good on her for demanding they purchase shares in the company, it should be a condition of being a board member.
 
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