Why a decking company has made James Hardie shareholders so livid
On Friday, Australian investors will be forced to watch as a vote on the controversial transaction happens without them. They are making sure it never happens again.
James Hardie chief executive Aaron Erter angered shareholders by leaving them without a say over a multi-billion dollar deal. Harry Afentoglou
At the Broken Sound Club in south Florida, champion golf players and American football legends ate oysters and sipped cocktails around a giant swimming pool. It was a warm evening in early April, as violinists and Cirque-du-Soleil-style acrobats in elaborate costumes wove their way through the palm trees. The night would be capped off by an extravagant fireworks display.
The revellers were celebrating the inaugural James Hardie Pro Football Hall of Fame Invitational and the chief executive of the building products company, Aaron Erter, was the man of the moment.
Joyce MoullakisAssociate editorJoyce 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
