Australia's Big Investors Unhappy
The beatings handed out to James Hardie and CSL reflect a deeper anger about the state of Australian capital markets among the country's largest investors.
Recently, investors delivered severe blows to two iconic Australian businesses. Healthcare giant CSL received a second strike against its remuneration report, a humiliating moment for one of Australia's most respected companies.
It’s hard to remember a week quite like it.
This phenomenon highlights the dissatisfaction of major investors with the current state of Australian capital markets.
Author's summary: Australian investors are angry about the state of capital markets.