The board of Platinum Asset Management suffered a second strike but survived a spill after its founder and biggest shareholder Kerr Neilson led an investor revolt against the company’s executive pay scheme.
Platinum’s billionaire co-founder made a rare appearance at its annual general meeting in Sydney on Tuesday and voted against the remuneration report to mount a 73 per cent protest vote based on ballots counted.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
