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And if they don't they will be voted out at the next AGM. Just like Labor most probably will be voted out at the next election. Because they didn't follow the wishes of the voters. Trus, but it gives her a voting block of 37.5%. She only then needs two of the five to vote with her to get her...

The shareholders are represented by the board. The board decided on taking the steps it took. I haven't heard one complaint from a major shareholder. Maybe because they think Gina will do a worse job. We seem to have an issue with the numbers here. Gina owns 18.6%, which means she doesn't...

I knew you were a secret latte sipper! :)

True. Of course, Gina could start her own media business too, seeing as though she is the one who wants to influence the editorial content. This would then give the consumer more choice.

Firstly, well done for the 'latte-sipping' reference. Again. So the editor of the AFR (hardly the Daily Worker, by the way) has a story on Hancock Prospecting that he wants to run. It's newsworthy, and in the public interest. Gina doesn't want it to run for business reasons, or privacy...

It's not about control of the company. It's about editorial control of the newspapers. There is a big difference. 18% of the company isn't anywhere near a majority, so why should she be able to infuence the content of the newspapers? If Gina or anyone else wants to do that, then launch a bid...

I agree, I can't see any justification for three seats, unless it comes with added investment or something along those lines. But as far as I know, no plans have been put forward by Gina to the current Fairfax board. Three seats seems like an ambit claim to me.