As my wife and I had invested a significant amount of our savings into RHC we decided to attend the Nov 2016 AGM.
Questions were called from shareholders and one elderly gentleman stood up, walked to the centrally-positioned mic, and faced the panel.
Said gent introduced himself to us all and mentioned he was representing a syndicate which had invested a goodly portion of their money in RHC.
Looking at Christopher Rex he asked how a $30 million payment package could be justified.
You could tell that Chris was half expecting this question because his face and name had been splashed over every newspaper in Australia when his salary became public ('Australia's best-paid CEO'). He just sat their stoney faced, and I have to say, did look a bit uncomfortable and embarrassed. Did he answer the man's question?
Nuh uh. One of his right-hand men stood up and answered on Christopher's behalf, saying how C.R. had taken Ramsay beyond the $80 mark for the first time in its history and what a great job he was doing.
I remember feeling rather underwhelmed with the meeting -it wasn't what I expected from such a successful company.
Anyway, it wasn't long after all this that Chris sailed off into the sunset.
About 9 months ago we sold our stock in RHC and bought into CSL and COH.
Very happy to date but in this game you just never ever know....
Good luck all.
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