Here is what appeared on our home page under the "what I've been up to" section during 2011
The 2010 News Corp AGM was held on Friday, October 15 in New York. We managed to ask a bunch of questions and below is the chronological breakdown of the interesting exchanges, and listen here to the full 12 minutes. Also, here is the transcript.
Rupert and the News Corp board were peppered with questions from shareholders about political donations to both Democrats and Republicans. Listen to thew full audio here, and below are the audio breakdowns and transcript for each shareholder question on political donations.
It was a three hour slug-fest and Rupert Murdoch emerged clearly victorious but Crikey had a ball at the last Australian shareholder meetings in Adelaide for News Corp on October 26, 2004, as you can see from what we emailed subscribers just hours after it finished. Read on for more of our coverage throughout the week.
A tame affair with a few laughs and put the pressure on the board about their current board diversity structure.
All bond and treasury note issues by the Rudd Government since it was elected in November 2007. In 2010 there were 86 issues so far totaling more than $57 billion. There was one in December 2007, 14 in 2008 and in 100 in 2009.
A relatively tame affair given their good performance. We asked 6 questions and shareholder commiserated the Northern Metropolitan result.
With incumbent chair Nick Falloon departing, it was a good debate all round. Check out all the edited audio below.
The commencement time was just before 5.30pm and Steve Price was interviewing Raymond Hoser about his standing as a candicate in the Frankston-East by-election.
Former cartoonist for Crikey, Mark Corwall has been contributing his satirical commentary to the Mayne Report since March 2009. Here is a collection of his best cartoons and go here to see his animations.
Typical Telstra AGM with many customer complaints. Interestingly, the largest shareholder, the Future fund voted against all resolutions today. Listen the edited audio below and watch news grab about the AGM from ABC Midday News.
Here are some of the more interesting transcripts from the 2010 Woolworths AGM held in Brisbane on November 18. The headlines are also linked audio files of the exchanges.
Good debate with chairman James Strong and had to wing it with the election speech because the prepared version was left behind.
A changing of the guard today with Wal King departing Leighton. Have a listen to the four questions fired off we fired off.
A somewhat tumultuous affair with the board weathering some scathing attacks from the floor about editorial issues.
Here are the edited audio highlights from the Bendigo & Adelaide Bank AGM held in Bendigo and Adelaide on November 4, 2010.
Always cracking affairs where we have sprayed them many times about their growing pokies business.
Here are the edited audio highlights from the 2010 Tatts Group AGM held on Melbourne on Friday, October 29, at Melbourne Park.
Here are the scratchy edited audio highlights from the 2010 Reece Australia AGM held in Melbourne on October 28.
Here are the edited audio highlights from the 2010 Newcrest Mining AGM held on October 28 in Melbourne.
Big protest of 41% against the remuneration report at the October 27 AGM in Melbourne but overall a relatively tame affair where we arrived late and only asked 4 questions.
Another huge protest against the remuneration report with 55% against. We questioned the board on a number of issues and another shareholder questioned the chairman about gender diversity on the board.
Below is a list of links related to our past and recent commentary about the influence of Singapore Inc over Australia.
Couldn't get any audio of the meeting but read below for what transpired.
Below are links to the exclusive reports for those who paid $50 to buy a Season Ticket to receive special Mayne Report email updates through until the end of 2010.
Transcript from the 2009 David Jones AGM raising the question of women on boards.
The AXA Asia Pacific Holdings AGM in Melbourne on May 18 was a relatively tame affair, but read the transcript below about gender diversity on the board.
You can hear all the questions here and below is a transcript of our question on gender diversity on the board, from the 2009 Seek AGM held in Melbourne on November 30.
Read transcript below from the 2010 Oz Minerals AGM on May 19, Sebel Playford in Adelaide. First time they've left Melbourne. See package of highlights from 2008 after the merger with Zinifex.
Our first Adelaide Brighton AGM on May 19 in Adelaide was a good debate. Below is the transcript of our question about a more diversified gender representation.
Transcript of our question about female represenation at the SP Ausnet AGM on July 14, 2010.
Transcript of the question "Record Melbourne growth and Brunswick expansion/underground pressures" from the SP Ausnet 2010 AGM on Wednesday July 14, asking how the company was coping. Listen to the audio here
Our first visit back since 2007 was a good debate including questions why there are not more women on the board. Have a listen to the edited audio below.
In the true spirit of democracy, social media commentary is becoming more than a pastime for some. We thought we would put together our top 5 most commentated videos.
A new political party, People Power, was launched on Mother's Day at the Imperial Hotel in Melbourne. The style of electioneering planned will be unique in the world for a registered party as all campaigns will be web-based and we won't be restricted just to politics.
Stephen Mayne is running for start-up party People Power at the November 25 Victorian election. Today is the first instalment of a regular campaign diary he will write for Crikey over the next four months
"Australia's most unsuccessful candidate" profiles new political contender People Power.
A member of the Legislative Council in Victoria, Nathan Murphy represents the ALP and his contributions to a range of debates are linked below.
We are right across the web for your convenience. Subscribe to our podcasts, RSS feeds, Twitter, Facebook and The Mayne Report Ezine below, to get the latest news and information from the world of finance.
Here is a transcript from the Seven Network EGMs to vote on the $2 billion Westrac deal held in Sydney on April 20.
Here is a transcript of the question and answer session with Manningham's deputy mayor Fred Chuah at the March 30 council meeting.
Here are links to some of our stories and media engagements on the issue of political donations and campaign finance over the years.
Here is the full five rounds in the recent debate between headhunter Chris Thomas from Egon Zehnder and Dean Paatsch from proxy adviser Risk Metrics.
Below is a spreadsheet of companies including the ASX S&P 200 as of January 19, 2009. For each entry you can see how AGMs and tilts we have participated in. Companies that are italicised in green are companies who have been delisted, merged, collapsed or not on the S&P 200.
Here is a package of all our dealings with Macquarie bank since 2001. We have also included videos we have made and TV appearences discussing the Millionaire's Factory.
Here is a compilation of material relating to the current Fairfax Media board tilt, including accounts of all past AGM encounters with the company.
The following companies have fallen and are gone. We have put together packages from our dealings with each company over the years. Some of the debate is almost prophetic.
Babcock & Brown shares have plunged and the financial engineers are now at the mercy of their bankers. Below is a multi-media package containing all our interactions and commentary about the teetering specialist fund manager.
Since financial engineers Babcock & Brown floated in October 2004, we've taken the trouble to attend all of their AGMs, where the action has unfolded as follows.
We've had eight AGM encounters with Macquarie Bank over the years.
Spotless are a colourful Melbourne-based services company that have had very ordinary governance in years gone by but are starting to clean up their act. Here is what happened at the three AGMs we've attended so far.
We couldn't make it to the Woolworth's AGM, but Paul Bendat from www.pokieact.org posed two very important questions about the policies of Woolworths in regards to problem gambling and had a few suggestions of his own.
Unfortunately I missed the opportunity to speak about my board tilt due to the clash with Centro Retail, but there was still plenty of lively combat with chairman Don Argus during the rest of the meeting.
Here are the audio highlights from the dramatic Toll Holdings AGM held on October 30 at the Park Hyatt in Melbourne when the remuneration report was almost voted down and we exposed what can only be described as highway robbery by the executive directors and negligent complicity by the independent directors.
Listen to the exchanges from the 2008 Amalgamated Holdings AGM held in Sydney's State Theatre on October 24.
Tabcorp 2008 AGM on October 23, 2008 in Melbourne.
Only a handful of shareholders gathered at KPMG's offices in Collins Street this morning to see just how the $800 million listed investment company set up for the legendary Sir Ian Potter was traveling.
Now that Maurice Newman has finally departed the ASX board after 18 years, the campaign to weed out long-serving or poorly performing directors continues. Here is the text of what we wanted to be read out at the $5 billion Australian Foundation Investment Company (AFIC) AGM, links to the audio and how much of transcript actually was allowed before being undemocratically shut down but Chairman Bruce Teele.
Here are links to recent columns for Fairfax Media's www.businessday.com.au, with the statistics that each article generated for the Mayne Report.
The original two-page submission to the Productivity Commission inquiry into executive pay is here and below is the supplementary two pages provided by hand on the morning of my appearance.
This list tracks all bond and treasury note issues by the Rudd Government since it was elected in November 2007. There has now been more than $40 billion raised since the second stimulus package was unveiled on February 3, 2009. There was one in December 2007, 14 in 2008 and in 100 in 2009 . Check out 2010 here.
This list tracks all bond and treasury note issues by the Rudd Government since it was elected in November 2007. There has now been more than $40 billion raised since the second stimulus package was unveiled on February 3, 2009. There was one in December 2007, 14 in 2008 and in 100 in 2009. Check out 2010 here.
This list tracks all bond and treasury note issues by the Rudd Government since it was elected in November 2007. There has now been more than $40 billion raised since the second stimulus package was unveiled on February 3, 2009. There was one in December 2007, 14 in 2008 and in 100 in 2009. Check out 2010 here.
Here is the transcript of a question to Lee Kuan Yew's son at the 2009 ANZ AGM held in Melbourne on December 18.
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Below are some of the many email responses to the bussinessday.com.au article I wrote on Tuesday, May 19 about our success with capital raising and share placement plans.
This is the archive of editions that we have sent to squatters
As appeared in The Sunday Age on March 15, 2009
As appeared in the Manningham Leader on March 18, 2009 by Danielle Crowe
Manningham Leader - March 4, 2009
As was published on March 4, 2009 in the Manningham Leader
This article appeared in the February edition of the local government FOCUS newspaper.
This story by Michael West appeared in SMH on November 13, 2008
This subscriber edition after the notorious Allco Finance Group EGM approving the Rubicon transaction was sent on Wednesday, December 12, 2007 at 12.15pm.
This story by Ian McIlwraith appeared in The Age on November 28, 2008, after Telstra's AGM
This story by Jamie Freed appeared in SMH on September 25, 2008
This story by Jamie Freed appeared in SMH on November 28, 2008, after BHP's AGM
This story by Vanessa O'Shaughnessy appeared in The Age on November 14, 2008, after CBA's AGM
This story by Ross Kelly appeared in Courier Mail on May 31, 2008, after B&B's AGM
This story by Tony Grant-Taylor appeared in Courier Mail on April 25, 2008, after Rio Tinto's AGM
This story appeared in Geelong Advertiser (Regional Daily) on May 2, 2008, after Alumina's AGM.
Since we began in September 2007 subscribers have received our newsletter editions for the Mayne Report. Check out the 175 editions from 2008 and the 13 editions from 2007.
The James Hardie AGM in Sydney on August 20 almost produced a punch-up.
Babcock & Brown shares have plunged and the financial engineers are now at the mercy of their bankers. Below is a multi-media package containing all our interactions and commentary about the teetering specialist fund manager.
Here are some of the audio grabs from Melbourne Lord Mayor 2008 election candidates from today's Press Club.
The CBA chairman reveals from today's AGM a $450 million loss in relation to the unsecured notes held on ABC Learning
Stephen Mayne successfully ran for Manningham Council in the Heidi ward. Here are some relevent links on the campaign, policies, candidates and my recent activities.
Here are the audio links for the 2008 Babcock & Brown Power AGM held on November 7 in Sydney.
Charlie Aitken from Southern Cross Equities sent the following comments to his clients on September 18 as Macquarie Group shares were falling out of bed.
This is the text of an opinion piece that former Macquarie Banker John Green submitted to The AFR and The SMH about Fairfax's decision to axe its Walkley sponsorship. Green has since stepped in to fill the breach.
Crikey played Danny Board in pennant tennis this year and bad light stopped us at 5-5 in the third. A couple of weeks later he rang to ask if he could do a student essay on the 2001 ASX board tilt and this was the result of his efforts.
This is an extended version of a recent opinion piece by Dean Paatsch from Risk Metrics in The AFR about Australia's hopeless corporate voting system.
We're in debt to Westfield for providing audio files from old AGMs to assist with our book project and were very amused to listen again to the exchanges with Frank Lowy at the 1999 Westfield Holdings AGM which we've carved up as follows.
Here is the text of a cracking speech that No Pokies senator Nick Xenophon delivered to a pokies industry conference on Sunday, August 24, 2008, generating this strong story in The Australian.
Here are a few links to audio and video files which might be of interest to Talking Heads.
This story by Jenny Tabakoff appeared in The Sydney Morning Herald on July 30, 2008.
This story appeared in the Herald Sun on July 24, 2008, after the Macquarie AGM in Melbourne.
This Stuart Washington story appeared in The Age on July 24, 2008, after the Macquarie AGM in Melbourne.
The Djerriwarrh AGM on October 1, 2007 in Melbourne
Alumina April 27, 2007 Another crack at the post office box company and its lunch club board.
The AFIC 2007 AGM on October 2, 2007, was a belter.
Diversified United Investment 2007 AGM on October 11, 2007 in Melbourne.
The Woolworths AGM on November 16, 2007.
Stephen Mayne is a shareholder in all the Babcock vehicles. Listen to the audio exchanges from the 2007 Babcock & Brown AGM.
Stephen Mayne, small Macquarie Radio shareholder asking questions at the 2007 AGM
Stephen Mayne, small Austar shareholder, asking questions at the Austar 2008 AGM.
The Nufarm AGM on December 15, 2007 in Melbourne.
The Symbion Health EGM on July 4, 2007 in Melbourne.
The Macquarie Bank AGM on July 4, 2007.
Controversial Rubicon deal approved but still plenty of good debate at the EGM in Sydney in 2007.
Former Oxiana CEO Owen Hegarty is scheduled to get a $10.7 million payout at a special shareholders' meeting of the newly created OZ Minerals on July 18 in Melbourne. Check out our coverage so far as we think it should be voted down.
The National Australia Bank AGM in Adelaide on January 31, 2007.
Babcock spinner Kelly Hibbins has just emailed through this detailed response to some of the material appearing in our "Babcock package", plus comments made during this interview with 702 ABC Drive presenter Richard Glover last Friday.
The Tabcorp AGM in 2006 saw anti-pokies candidate Gabriella Byrne miss out in her board tilt but we still had some lively exchanges with chairman Michael Robinson, especially after institutions rolled a couple of resolutions.
Stephen Mayne, small Oxiana Resources shareholder, says the miner should just come clean about why institutions rejected its remuneration report at the 2006 AGM.
Candidate for second straight year and kept running hard on the monopoly's untenable conflicts.
Here is the transcript from the 2003 BHP-Billiton AGM in Melbourne.
Here is an edited transcript of our exchanges at the 2001 BHP AGM.
Here is an edited transcript of the 2002 BHP-Billiton AGM.
Here are links to the Budget 2008 articles published on Crikey on May 13, 2008.
Justin McMurray put the hard questions to the Mllionaire Factory bosses at the 2003 Macquarie Instrastructure Group AGM.
Over the years I have enjoyed the debates with the Millionaires Factory at the annual meeting - especially out-going CEO Allan Moss who must go down as a legend of Australian business.
This was sent to Crikey subscribers shortly before the Cumnock Coal AGM in Sydney on May 11, 2001.
This Tony Stephens feature appeared in The SMH the day after the dramatic John Fairfax AGM at the Sydney Opera House on November 25, 1992, where Malcolm Turnbull made his presence felt.
The MFS AGM was held on November 6, 2007 and we were the only shareholder asking detailed questions about debt, disclosure and governance. Here is a package of material from that meeting plus some other relevent links.
It was a bit naughty but as a professional agitator Crikey had no alternative but to put Alan Cameron on the spot when we found ourselves speaking one slot before the corporate cop at a conference at Old Parly House in 2001.
3AW still had its ridiculous ban on us in 2000, so we were down at the Southern Cross Broadcasting AGM giving them plenty of stick, as this Crikey piece at the time demonstrates.
Allco Finance Group looks like it might collapse, but it's complex financial structure, poor governance and huge related party transactions is something we were challenging at the AGM last October and the EGM in December to approve the Rubicon takeover.
Feedback from Chartered Secretaries Association: Victorian Public Sector Update. August 22, 2006, Melbourne
West Australian Newspapers AGM - November 9, 2007
Rio Tinto EGM on September 28, 2007 in Melbourne. Approving the Alcan takeover and waving the Aussie flag.
Qantas AGM - November 14, 2007
Incitec Pivot AGM - December 20, 2007
Gunns AGM - November 23, 2007
By any measure, the vote for Crikey at the Commonwealth Bank AGM was a resounding success and sends the board a strong message to become a more active fund manager and to dump its Alan Jones contract immediately.
Gerry Harvey, Australia's fifth billionaire, does not like much debate at his AGMs. In fact, Stephen Mayne was the first person ever to disturb one when we popped in to the AGM held on November 21, 2000. This is what appeared in Crikey after the meeting.
After some fiery exchanges in 1998, Westfield's Frank Lowy copped a more vigorous grilling in 1999. This was first published on jeffed.com.
Restrictions preventing a takeover of Adelaide Bank will be lifted soon - but are any buyers likely to appear on the horizon? The Advertiser's Business Editor ANTHONY KEANE reports.
Here are two stories from Crikey in July 2006, one shortly before the Macquarie Bank and the other straight after. A 15% primary vote was a good result in the circumstances.
This is a package of material published on Crikey in the days leading up to our first ever board tilt, the AMP AGM in May 2000.
Subscribers to Crikey got AGM updates by email as they happen and this is what was sent around just two hours after the 2002 Southern Cross Broadcasting AGM.
Here is the Crikey account of the 2001 Richmond Football Club AGM, plus some background on previous AGMs from a Crikey reader.
Australia's biggest chemical company, Melbourne-based Orica, has been a disaster for investors since being cut loose from its parent ICI Plc four years ago but it looks like new CEO Malcolm Broomhead is finally knocking it into shape.
This report was sent to Crikey subscribers on April 19, 2002.
ABC Learning held an EGM on June 6, 2006 to approve a $600 million institutional placement and after flying to Brisbane this was sent to Crikey subscribers one hour after the meeting.
Former South Australian Premier Rob Kerin would later publicly blame this episode for the Liberal Party's financial woes, given that Adelaide Bank stopped writing cheques after this unfolded at the AGM on October 23, 2003.
The following story was published by The Daily Telegraph after the Mirvac AGM on November 11, 1998.
The following story appeared in The Daily Telegraph after the Austrim AGM in Melbourne on October 22, 1998.
The following two stories were published in The Daily Telegraph after the 1998 Tabcorp AGM in Melbourne on October 27.
The 1998 Westfield Holdings AGM was a doozy and this appeared in The Daily Telegraph on November 13, 1998.
This was published in The Daily Telegraph on Saturday, November 14, 1998, following an information meeting for what is now Macquarie Infrastructure Group the previous day.
Almost $4 billion was lost in Homeside, so it was time to put the pressure on NAB when it met shareholders on December 19, 2002.
There's nothing quite like a good stoush with a corporate guru and we had a very enjoyable 20-minute battle with living legend Sir Ron Brierley at the Premier Investments AGM in Melbourne on November 5, 2003. This was sent to Crikey subscribers the following day.
This was sent to Crikey subscribers on May 3, 2006.
The governance issues at Babcock are getting worse but they sailed through their 2006 AGM without too many problems, as this story in Crikey on May 28 attests.
A special meeting of shareholder approved the James Hardie compensation deal on February 7, 2007, and this was sent to Crikey subscribers the following day.
In a first for corporate Australia, the Woolworths board were forced to use open proxies at the November 2000 AGM to stop Stephen Mayne getting onto the board after a majority of the proxies backed his candidacy.
It's always good to give a newly listed company a solid welcome at their first AGM and that's precisely what Babcock & Brown got after facing shareholders on May 26, 2005. This report was sent to Crikey subscribers at the time.
Stephen Mayne, failed RACV board candidate, reports in Crikey on the embarrassment of riches that was the RACV AGM on November 16, 2005.
The Greens made a big song and dance about their EGM on August 26, 2003, attacking Tasmanian old-growth tree-loppers Gunns Ltd but they polled poorly in the vote. However, that doesn't excuse Gunns for its many flaws, as these stories in Crikey explained at the time.
This is the Crikey account of the Macquarie Bank on July 19, 2006 when I failed to get on the board.
The ASA AGM was on May 1, 2006 and this was in Crikey the following day.
Published in Crikey on Nov 13, 2003 Stephen Mayne and Andrew Denton teamed up to hit BHP-Billiton chairman Don Argus at the 2003 AGM.
Excessive executive pay, the Rio Tinto board faction and foreign ownership were just some of the issues Crikey raised at the Westpac AGM in Sydney on December 15. This report was published in Crikey on December 15, 2000
They slap 'em up quick but Central Equity still sells plenty of apartments in Melbourne and profits remain solid despite the excessive pay packets of their executive directors and the lack of any independent directors. This report was published in Crikey on October 29, 2000
Stephen Mayne, small Oxiana shareholder, says the miner should just come clean about why institutions rejected its remuneration report in 2006.
Even the Melbourne Press Club Committee rejected Stephen Mayne's nomination in 2002, as was explained in this Crikey edition from June 28, 2002.
This article appeared in The Gold Coast Bulletin on May 19, 2006 after AMP AGM.
This Olga Galacho story appeared in The Herald Sun on October 27, 2000, after CBA AGM in Melbourne.
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