By any means necessary: how Cannon-Brookes plans to control AGL

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Opinion: By any means necessary: How Cannon-Brookes plans to control AGL | Elizabeth Knight

whether Cannon-Brookes’ picks will get a gig. It is an essential element of his longer-term plan. If successful, the next step will involve overhauling AGL’s senior management.

Cannon-Brookes was clearly energised when, with only 11 per cent of the company, he found sufficient shareholder support to demolish AGL’s plans to break up the company via a demerger. Additionally, Grok has engaged Orient Capital to poll retail shareholders, and to date two out of three respondents also support adding new blood to AGL’s board.

“I don’t know if they are scared, all I know is [that] their argument is bullshit,” Cannon-Brookes said during the interview.

 

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