Rear Window
Domino's Don Meij and his five margin loan accounts
Joe AstonColumnistHe's cashed out a hefty $49.7 million selling Domino's shares since August (to fund his divorce and pay tax, it claimed) and last week all but begged investors to keep faith as the fast food franchisor's stocks maintained their precipitous course south. For so long Don Meij could do no wrong. But now, the company's chief executive seems to be frightfully close to the pizza oven's flames.
We are revealing today that there are no fewer than five margin lending facilities in Meij's name registered with the Australian Government's Personal Property Securities Register as current, the latest opened in April 2015. The balance of one is secured against the assets of the Meij Child Maintenance Trust, its purpose presumably self-explanatory. Classy.
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