Originally Posted by
arjay
The Contact AGM was emotional probably largely due to a huge amount of shareholders knowing they were powerless to stop the motion because their directors had the support of one shareholder that held the majority of shares. NZO doesn't have one, or even a small number, of majority shareholders to steamroller remits through. Hence, voters at the AGM should feel more empowered, which means less panic.
Times are getting tough. Directors are part of the economy, so have to tighten their belts when their company and shareholders have to tighten theirs. It's really that simple. If our directors want more money they should be encouraged to go elsewhere.......and good luck to them finding a better trough in the current economic climate.