I thought the quote from Tony Howarth in the West today...

I thought the quote from Tony Howarth in the West today "Unfortunately, having put the company in this position, the move by Halom has a potential destabilising effect with no suggested solutions or details of their intentions" was an interesting barb at pretending that Halom had put the company in the current position.

I have been to the last 2 AGM's and there has been no suggested solutions to the companies problems that manifest themselves under the current board and management.

One of the striking things about MMA has been the lack of backbone to make salary cuts. There was this belief that no more increases was an acceptable outcome. Meanwhile, Tony continues pockets over a quarter million from MMA, more still from Wesfarmers (over $400k), and an unknown salary from Alinta, as well as having his time consumed by Western Force and other commitments. I guess if you keep Jeff on a million dollar salary, by comparison Tony's looks reasonable?

The rest of the board are on $115k - $126k,with the only reduction coming from the resignation of Mark Bradley, who had the most skin in the game of any of the directors.

Howarth started in 2001, Weber started in 2003. I think there has been a boom and bust across the industry in this time (we could call it a full business cycle) and yet the NPAT for 2003 to 2017 is minus $210 million. In my opinion Mr Kum's comments about wholesale destruction of shareholder wealth by the current leadership seems well founded.