
Note from Joe
ASX explains itself. Poorly.
Fund managers are now trying to price the unpriceable risks of berserk founder-CEOs and of being transacted out of high-performing companies with zero recourse.
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Fund managers are now trying to price the unpriceable risks of berserk founder-CEOs and of being transacted out of high-performing companies with zero recourse.
The exchange can still prevent the James Hardie pirates from escaping Australia with their plunder.
Qantas' loss of Todd Sampson went unmourned while HMC Capital's investor day intrigued the market.
Hardie has engineered the perfect heist, diluting its Australian shareholders and escaping the ASX primary listing and its pesky checks on executive pay.