Surely even Clifford has to distance himself now. The shareholders will be apoplectic.
For some reason the major shareholders have been reluctant to act, at least publically:
J P Morgan Nominees 26.51%
HSBC Custody Nominees 21.98%
National Nominees 13.65%
Citicorp Nominees 11.05%
BNP Paribas Nominees 2.73%
I seem to recall the major shareholders supported Joyce's salary increase at the last AGM, despite an outcry by the minor shareholders?
Interestingly, the same shareholders also are the largest shareholders in Australia's four major banks.
I suspect they are nominees for Australian superannuation investments. If so, their Members have lost out on both capital gains and annual dividends.