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The Forum > General Discussion > What happens to SMH if Gina sells her shares.

What happens to SMH if Gina sells her shares.

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how come she isnt asking for less bored members
lets face it boards SHOULD shrink..
as their board skill level's
reveals they got no clue

has it the same SIZE board
as its share price fell

personal note..clive..[and gina]..should buy it up
have a board seats just made up of their rich kids
media stopped doing what media claimed to be doing long ago

as revelations say
stars of media/sheron must fall
sheron is still in a coma..media is suiciding

usefull media fell long ago
its where you get time to tell the whole story
not just repeat the same stuff every 15 minutes..and stuff we watched quater a century ago

im over thinking about it
Posted by one under god, Thursday, 28 June 2012 7:30:06 AM
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EASY ANSWER, IT GETS TO RETAIN IT'S EDITORIAL INDEPENDENCE
Posted by thinker 2, Friday, 29 June 2012 6:37:37 PM
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Looks like Gina has written an open letter to the Fairfax chairman.

The letter sets out a number of criteria Gina expects the chair to meet by the November AGM or she expects the chair to resign.

Contrary to what has been in the press, it seems very little has to do with Editorial independence, more to do with directors able to get information on which to make decissions.

I expect the power she has as the major shareholder is to cause a spill of the board then. Her expectations revolve around increased value of Fairfax shares so she should get the support of the other major shareholders.

Interesting to see if Fairfax media carry the open letter tomorrow.

So, at this point, it does not seem likely she has ideas of selling.
Posted by Banjo, Friday, 29 June 2012 9:22:22 PM
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http://www.themonthly.com.au/gina-rinehart-s-quest-respect-and-gratitude-what-gina-wants-nick-bryant-5024
I recommend this link.
A long one it points to a problem we are about to be engulfed in.
Always the rich and powerful buy influence.
It will always be so.
But the influence bought here will one day, say the voice of reason will be heard only by some.
Muffled by a voice that has no true under standing of the whole, just their views.
Shocking references to MURDERING all Australia's first people are not made in jest.
This family held and still holds equally insane views.
Posted by Belly, Thursday, 5 July 2012 5:57:56 PM
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