Originally Posted by NewPiper
All union supporters need to realise that 98% of shareholders don't support you. Never fight against the market and we have now seen strong support from the equity market for QF stock and effectively AJ. Best advice is to get back to work and do your jobs, if you don't like it, you know where the door is. Rest assured that on the other side of that door, there are plenty waiting to take your job!!
Gee you're everybody's favourite boss eh? I bet your workers absolutely adore you and go that extra mile to do their best for you.
And it's not "98% of the shareholders". It's "98% of the votes". They're
not the same thing. Everybody knows that, and treating us all like idiots will do you no favours. Voting in listed companies' AGMs is heavily skewed towards institutions. 10,000 individual shareholders can vote against a motion because they think it's a disgrace, but a couple of big institutions can wipe that vote totally off the map. It has always been that way.
And institutions generally don't care what a company does, or how it does it, as long as it makes them money, or they are promised it'll make them money.
Yeah yeah, I know. Don't feed the trolls. But it's like seagulls. Sometimes you just can't help but chuck them a couple of chips just for amusement.