MYR 0.64% 79.0¢ myer holdings limited

Premier starts move against Myer board, page-36

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    Investors Mutual founder Anton Tagliaferro, who was instrumental in thwarting Mr Lew's first attempt to block the appointment of new chairman Garry Hounsell and two other directors, has again voiced concern about conflicts of interest from allowing Myer's major competitor to gain three seats on the board.
    Mr Tagliaferro also raised doubts about Mr Lew's ability to restore Myer's fortunes, saying there was no "magic wand".
    "It [Myer] is a long-term turnaround story and I don't think there is a magic wand, I don't think two or three new directors would change it that quickly," Mr Tagliaferro told Sky Business on Thursday.


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