Alicia Barry

So it is no surprise that shareholders are unhappy, to say the least.

And today at the company's annual general meeting, as you say, Carrington, they've had a chance to voice their anger.

with a 90% vote against the new CEO, Michael Stevenson's salary.

That's the remuneration report.

This happens at every general meeting.

And his salary was set at $1.1 million plus around $2.5 million of incentives, I believe.

So this 90% vote against this remuneration report is just a big indication that shareholders are not happy.

Yeah, that's right.

And I mean, this brand damage from the unsafe behavior that has occurred on the radio station has meant that advertisers have walked away.

I mean, I dipped into this annual general meeting for about 10 minutes or so, and I heard the chairman, Amish McLennan, speaking.

Look, he sounded like he was at a funeral.

I don't know if that was a deliberate attempt to sort of be contrite given the

the state of the company or if he genuinely was feeling very downbeat.

But it wasn't a joyous occasion, that's for sure.

Absolutely.

And so there was a few investors asking questions.

One was about whether or not advertising revenue was going to return.

One of the directors said they were really hopeful that this brand damage could be put behind the company and they would see these advertisers return this financial year or next.

But when you look at the revenue, $285 million in the full year,

They were going to pay Kyle and Jackie $200 million over 10 years.