Myer chairman Paul McClintock opts for quick clearance rather than wrath of billionaire Solomon Lew

 In Australia, Myer, NewZealand
Unlike chief executives, chairmen – and women – tend to depart on their own terms.
It gets a bit trickier, of course, when you’ve got a billionaire like Solomon Lew breathing down your neck.
So what possessed Myer chairman Paul McClintock to tempt fate by announcing in September that he won’t be stepping down before next month’s shareholder meeting? This is what he promised at last year’s AGM.
He announced instead that he would seek re-election and hang around for a vaguely defined handover period to chairman-elect and former Spotless chairman, Gary Hounsell.  Sydney Morning Herald – Read more…

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