Hi Lilac
Are you not asking the wrong question?
Should your questions not be "Why are we as share holders willing to pay a GM a base salary of $2.8M per annum and totally stuff up the company". "Why is this Board always re-a ctive rather than pro-active?" "When are Directors going to be accountable"?
Why is it that you expect share holders to purely sell their investments rather than make Directors accountable? If they have been complete failures, should they not be moving on rather than us selling our investments?
The take over of AXA was the Directors decision not the share holders. I think it was the height of un-ethical behaviour by these Directors in not asking permission of the so called merger. We are stuck with a $1.5 billion Goodwill asset which needs to be written off. Who do you think is going to pay for this? The Directors, or is it going to come from reduced dividends?
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