First Stroke Tense Harvey Norman General Assembly



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The shareholders of Harvey Norman launched a first strike against the company's board of directors at a tense annual general meeting at which an optimist Gerry Harvey said the retailer's critics were "totally foolish" ".

The report on the compensation of the household goods retailer was rejected by 50.63% of shareholders, well beyond the required 25% for a first strike, which means that a repetition l 'répét grève grève & & & &,,,,,,,, next year would trigger the automatic reversal of the board, unchanged since 2007.

Representatives of the Australian Stockholders' Association at Tuesday's meeting in Sydney were called "agitators" by Harvey after the group announced that he would vote against the report.

"There are people sitting in this room who think we are crooks, we are not crooks and we are very upset that you think we are," said Mr. Harvey.

"There are critics among you who are crazy – totally crazy friggen."

Harvey Norman's shares rose 2.66% to $ 3.09 at 1:25 pm Tuesday, down 35.1 percent from March's record high of $ 4.51 in 20 months.

Retailers of household goods and electrical goods said that sales of its franchised stores by Australian franchisees were currently slightly lower than those of the previous year, 0.2% decrease compared to the previous corresponding period.

Comparable sales at 100% or full owned by Harvey Norman, including New Zealand, Slovenia, Croatia, Ireland, Northern Ireland, Singapore and Malaysia, increased 3.0% .

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