It depends who does it whether it’s right or wrong


Lefty activist group GetUp! is upset that Woolies makes money off poker machines, and they’ve employed a pretty interesting tactic to try and stop this. What they’re doing is basically buying up a lot of Woolworths shares. They’ll use their stock interest, along with – of course – a petition, to call an Emergency General Meeting to try and get the company to drastically amend its poker machine policies.

Politics and pokies aside, that’s kinda nifty.

Or is it? Take the floundering Fairfax group, a company essentially in its death throes if something isn’t done fast.

Just to be clear:

GetUp! buying up Woolworths shares to change the direction of the company = good.
Gina Rinehart buying up Fairfax shares to change the direction of the company = bad.

Have I got that right? :-P

UPDATE

A debate ensues…

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  1. Hi,
    Why aren’t Get Up buying into Fairfax shares, that would make a lot more sense, or is that too logical?

      • minicapt
      • June 27th, 2012

      Given Fairfax’s stock performance, the company evidently eschews gambling.

      Cheers

        • Sean of Deer Park
        • June 27th, 2012

        Gambling. Yes, you’re right about that. I’ve taken a gamble and risk loosing thousands. I’ll stick it out ’cause even if Gina pulls out; I reckon the Radio arm will save its sorry arse. Hmmm, we’ll see, if Gina gets her seats on the board; the sky is the limit. It may not happen while the shit of society is in parliament (read Gillard and the ALP/Greens), but it will happen. The “AGE” and “SMH” are only a small component of the overall business. Gina, should sit on it and be a threat in their little minds. In the long run, it will pay off in my opinion. I’m prepared to make a loss if things go south long term. Short term is irrelevant.

        GetUp!, couldn’t afford to put their money where their foul mouths are. When they buy out the majority share let me know. Buying Woolworths shares is a token gesture and a media stunt; because they don’t have any real money to buy-in. Bolta’s challenge obviously rattled their cage. If, GetUp!, were to get enough shares to get a seat on the board, they will be laughed at in any case. ie. your vote is wool’worthless guys. Keep on trying, GetUp!, no one really cares; that was Bolta’s point.

          • Merilyn
          • June 27th, 2012

          Here is your answer Sean, “Fairfax rejects Rinehart’s bid for a seat on the board”.

          http://finance.ninemsn.com.au/newsbusiness/8490634/fairfax-rejects-rineharts-bid-for-board

            • Sean of Deer Park
            • June 27th, 2012

            :lol: Yes, I just read that. The “board” have no idea and are all Greenie left wing nutters. Close “The Age” and “SMH”, sack the lot of the trash, and move on, is my advice. Couldn’t happen to a more deserving bunch of lefties; idiots.

    • Lady Jugulum
    • June 27th, 2012

    If the getajob kids think they can change Woolworths that way then they are in for a shock.

    Woolies are a client of ours (at my work) and senior management are nut busters. Trust me that is first hand knowledge from dealing with these supermarket nuffies at the Sydney office..

      • Carpe Jugulum
      • June 27th, 2012

      If the getajob kids think they can change Woolworths that way then they are in for a shock.

      Woolies are a client of ours (at my work) and senior management are nut busters. Trust me that is first hand knowledge from dealing with these supermarket nuffies at the Sydney office..

        • Carpe Jugulum
        • June 27th, 2012

        Hun – please leave my laptop alone – ok.

          • Sean of Deer Park
          • June 27th, 2012

          :lol:
          Awww, but Carpe baby, a girls gotta do what a girls gotta do…

          *check your credit card for online purchases!

          • Should count himself lucky if he even has his own… that’s actually in his wallet.

    • It’s obvious they can’t. They forgot to add a facebook “like” button. Oh, wait. Checked the link again. They did.

      Well I’m stumped.

    • Sean of Deer Park
    • June 27th, 2012

    The boat people drowning…

    This is appalling. Unrelated, I know, but still these idiots have got to be booted out of office as a matter of urgency.

    http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/column_from_three_boats_a_year_to_three_sinkings_a_year/P20/#commentsmore

    I said in reply:

    “It makes me sick”. You and most Australians, Andrew. Labor is Australia’s shame. The current state of affairs is nothing short of despicable. I am appalled and feel outraged at this needless loss of life.

    It is so sad to think of those boat people drowning, while I type this. A horror so real, so avoidable and so tragic. My own personal worst fear has always been to die at sea by drowning or worse; being taken by a shark or crocodile. Blood curdling thoughts. Those poor children. Put at risk because of Julia Gillard and her weak political partners in this crime. The UN should consider trying her for crimes against humanity.

    Yet again, Gillard has blood on her hands because of her arrogance, political ideology, sheer stupidity and total failure as Australian Prime Minister. Stop it, Julia. Stop it NOW! The laws of Australia worked until YOU changed them for your own personal gain. Pathetic!

    Sean of Deer Park (Reply)
    Wed 27 Jun 12 (04:04pm)

    Ode for Juliar… coz she’s a creep and this government is a circus!

    • It’s tragic in every sense of the word.

      If you want a pick-me-up, try that last link in the post (a debate ensues).

        • minicapt
        • June 28th, 2012

        Given that Andy lad is a clueless chaser of parked cars, you could have saved your energy.

        Cheers

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