Source:AGL Energy has ditched plans to split the company into two following strong opposition from billionaire Mike Cannon-Brookes, 17 days before shareholders were due to vote on the proposal.
AGL said it believed a majority of retail and institutional investors would have supported the demerger. "Board and management renewal must occur through an orderly, expedited transition period with appropriate external advice," AGL said.
Dreams don't pay the bills. But try telling that to super wealthy philanthropists! LOL
Why weren't regulators doing their job?
Why are we reducing people to titles like their person income, he’s a smart guy and a very successful business man, give people their dues! Anyway he is pretty switched on and I agree with his outlook on Australia’s energy policies and the role the private sector plays. So…