It took institutional outcry from Grok, Wilson Asset Management, QVG and Harvest Lane for Tyro Payments’ board to agree to engage with a private equity bid from Potentia Capital. Still, judging by the tenor of questions at last Friday’s retail shareholder webinar, even some of the company’s smaller holders are annoyed.

Monday’s issue of this newspaper would have provided even more fodder for their questioning. It noted that on a statutory basis, Tyro Payments’ board fees grew 41 per cent in a single year.