They should have paid Jenny 'Not Illegal' Hutson's WC to be a consultant.
Or perhaps PIF is shielded by its link to MFS/Octaviar which is too big/interconnected to be seen/allowed to be examined. Y'know connected to Peacock, KPMG etc. And apparently Deborah Beale. Ex of Bill Shorten, son in law of our GG. Wikipedia tells me Debbie Beale' grandfather was our Ambassador to the US.
There's an interesting mention of a bloke from a "Fortress" in the book $hitstorm. Something about him being the bloke in the US that our diplomats go to? Or something like that. Anyone got a copy? I'll have to get it from the library again to check the reference.
http://www.graysonline.com/sale/700...pment/unreserved-it-equipment-brisbane-pickup
Bentley's is liquidating Octaviar assets through Graysonline. Time to grab a trophy if you missed out on a hat.
I wonder how much Octaviar originally paid for the coffee pot warmer.
What were the Jastek scales used for? To measure the annual reports to check they were heavy enough to impress?
I wouldn't be bidding on the 'Fellows Powershred c-129 Paper shredder'. What's the chance of it having been overworked.
Creek St rings a bell, Creek Street Holdings Pty Ltd HMNN??http://www.nsxa.com.au/ftp/news/021724517.PDF
Well, there we go!!!! Price Waterhouse have resigned as Wellington's auditors .............. guess we all know why!!
New auditors are just across the road....other side of Creek Street from the irresponsible entities offices.
Creek St rings a bell, Creek Street Holdings Pty Ltd HMNN??
I am on a crappy airport computer will do some further research during the next few days. I wonder how many of these big companies like PWC have previously felt compelled to dodge unfavourable reports to the big end of town with the possibility of losing business as a result? I think there could be a shift in the equation, is it possible that supporting the previous big end of town is now causing embarassment to reputable some bussineses ??
http://www.nsxa.com.au/ftp/news/021724517.PDF
Well, there we go!!!! Price Waterhouse have resigned as Wellington's auditors .............. guess we all know why!!
New auditors are just across the road....other side of Creek Street from the irresponsible entities offices.
Rupert Murdoch has thwarted attempts by dissident shareholders to remove him as chairman of News Corporation, the company he has headed for more than five decades.
......attended by about 100 shareholders and their proxies.
"It is fair to say that the company has attracted a certain amount of attention in recent months ... and I wanted to reaffirm the seriousness by which I take what has gone on in London, as well as put that controversy in context of our entire global business... and to share with you my optimism about the potential growth for our profits, our products and our people," he said.
"The story of our company is the stuff of legend – from a small newspaper in Adelaide, to a global corporation based in New York with a market cap of $44 billion ... informing, entertaining and educating at least a billion people each day."
The company was counting votes and was expected to confirm later in the day the vote in favour of board members.
Accusing the company of a “gross lack of independence and poor governance”, Mr Mayne said decisions had been taken that treated shareholders as if they were in “a family-run company”.
“I really think you should get with the program,” Mr Mayne told Mr Murdoch. “It’s time to take the governance high road.”
At several points Mr Murdoch questioned the veracity of Mr Mayne’s statements, saying at one point: “Stephen, I’d hate to call you a liar but I don’t believe you.”
In a comical twist Mr Mayne called for a show of hands among directors who believed that News Corp’s dual class voting system was a good thing. Several had complied, with Mr Mayne inviting a second straw poll before Sir Rod Eddington stepped in: “Stephen, Stephen . . with all respect: Rupert runs the meeting, not you.”
At times Mr Murdoch struggled to keep the meeting on track and was reminded on a number of occasions by interim counsel Janet Nova on how to proceed. At one point he read rules for asking questions from the floor after several had already been asked.I'm afraid that if ASIC fail to act on the PWC matter, Wellington will be gleeful and take a non-intervention in this disturbing matter as a signal to continue doing "business" as usual. And PIF investors will be ever more cynical about the mysterious regulator.
I have no doubt that Charles that we would have no difficulty providing candidates for the IAC. But what is the point in even standing. Wellington refused to publish the voting in the last "election", and for all we know the representatives were figments of somebody's imagination.I note that Wellington have not seen the need to call for nominations for the IAC which was supposed to be called every two years from my recollection. As they did such a "WONDERFUL" job you would thinlk their assistance to Wellington and Unit Holders in general, it would be a number one priority. It may well be that Wellington cannot find suitable candidates like the last lot selected. ANY VOLUNTEERS?
PWC are a well respected Auditing Firm and no doubt staffed and managed by very astute personnel. This company may have the perception that there may be another Class Action in the wind and want no part of any litigation. It is not beyond the realms of possibility that at sometime in the future when the totality of the MFS/Wellington alliance is known that unit holders may see an avenue to further recoup some of their losses. Who knows what the future holds. I only hope we all remain healthy and see some finality to our well intentioned investments to our advantage. The PIFAG are in for the long haul and there to help ALL unit holders, all assistance is appreciated. We have not cocooned ourselves away because of the aborted EGM, far from it. I note that Wellington have not seen the need to call for nominations for the IAC which was supposed to be called every two years from my recollection. As they did such a "WONDERFUL" job you would thinlk their assistance to Wellington and Unit Holders in general, it would be a number one priority. It may well be that Wellington cannot find suitable candidates like the last lot selected.
ANY VOLUNTEERS?
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