Management has been totally out of control over the last 6-7...

Management has been totally out of control over the last 6-7 years. PPT was a strong company with good returns and $40 + share price when I originally bought shares in 2002. The comments previously of buying Pendal at an outrageous price, here again is the old trick of selling useless product to the colonials as they seem to have this "Wow! look at us , we are now playing with the big boys" and increase their renumeration accordingly. You can safely place a bet that the executives will not trim their take home package with less company to manage.
Again! This little outpost way down south called Perpetual Trustees, is a sucker again for the big players. KKR are not known for their generosity, they are akin to Vultures, stripping the good stuff out and leaving the bones and debt to us, the current owners. That`s just good business on their part, and as the old statement " There`s a sucker born every minute" has proven to be true once again with PPT getting bitten twice, first buying an overpriced asset and now selling off the profitable part ,which knowing KKR`s form will be also loaded with debt to show enormous profit, see Myers, Arnotts, Peters Ice Cream etc and sold back to the mugs. Vote NO.