Macquarie will meet with major investors as the asset management and investment banking giant tries to contain growing disquiet about how it pays its leadership, the surprise departure of its chief financial officer and worries about how it is dealing with regulatory scrutiny.
Shareholders, including big superannuation funds like HESTA, delivered an embarrassing rebuke to the company, known as the Millionaires Factory, by delivering the first-ever strike against its executive bonus and salary plan on Thursday. A similar vote next year could lead to a board spill.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Joyce Moullakis is an Associate Editor writing across company news, policy issues, investment banking, private equity and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au
