Yes it was an interesting meeting, Mr Gloss has no chance of getting the board dumped. The announcement before the AGM was ill timed and lacked thought of the consequences that now may give Westpac another reason to reconsider further funding. Does anyone really think that Westpac would back Mr Malone and an EX employee in Mr Easter over Mr McClellan, Anderson and now Kevin Clarke.
The best thing NOW is for Mr Gloss to recind his ill timed EGM and WAIT for the Westpac result. If the result from Wespac is Negative THEN go for it
MANY MANY positive changes have been done and are being done to get the company back on track.
If I was Westpac I would not let AMA have any more money IF the board got dumped.
AMA Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
