‘Cranbrook is not AGL’: Private school stoush boils over
You know you’re among Sydney’s elite when school council AGM attendee Scott Farquhar is subject to zingers about the takeover style of Mike Cannon-Brookes.
You know you’re among Sydney’s elite when school council AGM attendee Scott Farquhar is subject to zingers about the takeover style of Mike Cannon-Brookes.
AGL directors have offered to meet with Mike Cannon-Brookes as shareholders seek clarity on the billionaire’s blueprint for the troubled electricity operator.
Minority shareholders and customers have been left out in the cold.
AGL Energy is in crisis mode after dumping a demerger, its CEO and chairman following a successful campaign by Mike Cannon-Brookes against the company split.
AGL Energy’s decision to abandon its plan to split into two companies won’t have any impact on the planet but will mean the end of cheap, plentiful and reliable electricity.
AGL Energy has blinked at its headline planned demerger, choosing instead an easier path and decoupling its chairman Peter Botten and CEO Graeme Hunt.
AGL – which first started powering street lamps in Sydney in 1841 – is effectively up for sale.
Atlassian co-founder Mike Cannon Brookes has responded after a huge win that will drastically alter Australia’s biggest polluting company.
Demands for an early coal exit and Paris-aligned climate ambition are top of AGL investors’ demands but Mike Cannon-Brookes faces opposition to his bid to secure two board seats.
The power generator and retailer should prepare for its demerger to be voted down, the Atlassian billionaire warns in a letter.
HESTA has been joined by London-based investor Snowcap in voting against the demerger, as Mike Cannon-Brookes builds momentum to derail the company’s planned split.
The veteran investor isn’t convinced by AGL’s explanation for the demerger move amid Mike Cannon-Brookes’ vocal opposition to the restructure.
Mike Cannon-Brookes has used Labor’s election victory to launch a fresh attack on AGL Energy’s demerger vote.
Mike Cannon-Brookes has a strategy for the power giant should he be successful at defeating a demerger which includes making customer homes 100 per cent renewable.
Australia’s share market bucks overnight falls as US and European index futures soared and Asian shares rose. Westpac says housing downturn is here. Shareholder give nod for Crown’s $8.9bn sale to Blackstone. Woolworths goes for Mydeal. Cannon-Brookes reveals AGL vision.
The energy giant led by Graeme Hunt and billionaire major shareholder Mike Cannon-Brookes’ Grok Ventures are engaged in a battle royale over the split.
This Sydney software company has been handed an honour previously received by the likes of Google, and CEO Siobhan Savage says she ‘doesn’t want to screw it up’.
JPMorgan was in the market on Tuesday buying a $292m stake in AGL Energy equating to 5 per cent.
Mike Cannon-Brookes has written to small AGL Energy investors, urging them to turn out and vote against splitting the company in half.
ASX climbs as energy and utility stocks bounce. Lynas Rare Earths and MinRes rally, Brambles ends worst performer, Cannon-Brookes buys more AGL shares and ANZ tips 40bps June hike.
Original URL: https://www.theaustralian.com.au/topics/mike-cannon-brookes/page/12