Don't Fall for Gap
Fool.com (Free subscription) | 21/11/2008
Survivors are nice, but companies that will thrive are better.
Grant King
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Deborah Hill Cone: Beware, there's a sting in the detail
New Zealand Herald (Free subscription) | 02/11/2008
... you know that but 500,000 New Zealanders don't know that," Sheppard says he told Contact chairman Grant King, warning that customers would leave as a result. "Customers make their decisions based on emotion." Sheppard was right, but he is not doing much to help them engage their brains. Exploiting the eat-the-rich attitude, Sheppard also undermines investors' confidence about putting...
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Brian Gaynor : Fee lifters thumb noses at shareholders
New Zealand Herald (Free subscription) | 31/10/2008
The highlights of recent meetings have been the hard-headedness of Contact Energy chairman Grant King; the claim by fellow director Tim Saunders that he was underpaid when he received $128,150 for attending just 24 meetings; the deadly silence after one shareholder asked the Hellaby board why directors who approved the BBQ Factory purchase and the company's disastrous dividend policy...
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Origin secures $7.5bn from Conoco deal
The Australian (Free subscription) | 30/10/2008
... a $1.275 billion on-market share buy-back, beginning on November 13. Origin managing director Grant King said the completion of the ConocoPhillips transaction meant that Origin now had no net interest bearing debt and a significant cash balance. “This strong financial position will facilitate a decade of growth for Origin in the dynamic and developing resource and energy sectors,”...
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Backlash against Contact forecast
New Zealand Herald (Free subscription) | 26/10/2008
Backlash against Contact forecast 4:00AM Monday Oct 27, 2008Contact chairman Grant King addresses the company's annual meeting. Photo / Brett PhibbsA top sharebroking firm estimates Contact Energy will lose 5 per cent of its customers by the end of next year because of a consumer backlash against its price rises and failed attempt to almost double directors' fees.Forsyth Barr has downgraded...
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Contact board backs down as shareholders turn up the heat
New Zealand Herald (Free subscription) | 23/10/2008
... and has determined that there will be no increase in base fees at this time," company chairman Grant King said.Anger at the rise had mounted in the lead-up to yesterday's meeting which came as the company pushes up power prices. But Contact had shown no signs of changing tack.At the sometimes heated two-and-a-half-hour meeting, King had several times turned down the opportunity...
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Contact Energy bows to pressure, backs down on fee hike
New Zealand Herald (Free subscription) | 23/10/2008
... $770,000 to $1.5 million, at a time when power prices were going up 10 per cent.Contact chairman Grant King said the company did not plan to use all of the $1.5 million straight away, but needed to have it available.Contact was performing in the top quartile of companies listed on the New Zealand stock exchange, but was paying its directors bottom quartile prices, he said.Contact...
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