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Telstra faces industry fund 'no' vote, Tabcorp readies for protest

Telstra is bracing for a first strike at its annual general meeting on Tuesday with the majority of industry superannuation funds to vote against the troubled telco's executive pay report.

Almost all industry funds, including the $140 billion juggernaut, AustralianSuper, will vote "no" when Telstra's executive remuneration report is put to a vote, The Australian Financial Review understands.

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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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    Original URL: https://www.afr.com/business/telstra-faces-industry-fund-no-vote-tabcorp-readies-for-protest-20181011-h16huk