Life is too short and, so, yes, one has to pause and reflect: why spend time thinking or writing about a loathsome human being? The “I, Gina” show is truly grotesque, a swirl of demented perversion flowing from the twisted mind of one person. But, independent media being the hallmark of a democracy, we can’t just turn our heads from a person best relegated to a seedy peep show in some red-light district.
So, there was a reason, per Adele Ferguson, for yesterday’s sale of 86.5 million shares by Reinhart:
Rinehart is the richest woman in the world and, if her track record is anything to go by, she will never give up – no matter what the cost. In the case of Fairfax, she took a financial hit yesterday as she cranked up her lobbying for up to three board seats and calls for the chairman, Roger Corbett, to meet virtually unattainable performance measures by the annual general meeting or step down.
Her latest move is linked to her wanting to retain the right to sue the directors of the Fairfax board if she becomes a director. The way company insurance policies work is a director holding a shareholding of more than 15 per cent causes problems for the coverage of director and officer insurance. Insurance companies will not cover directors in the event of a spat that results in legal action. Corbett asked Rinehart to sign a waiver that she could not sue her fellow directors. She opted instead to reduce her shareholding to below 15 per cent. [emphasis added]
I just wonder: why would anyone want to remain a director of Fairfax with this lunatic on the loose? You basically now understand this–she wants to be on your board, to mess with the editorial content of the newspapers, AND, if you don’t see it her way, she wants to be able to sue you.
This is the way a lunatic treats the world, whether it be her children or her peers: you are mine, I own you, I decide your life.
Message to Fairfax directors: run for the hills.
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