Lew steps up at­tack

Weekend Gold Coast Bulletin - - BUSINESS -

SOLOMON Lew’s Premier In­vest­ments is plan­ning to ratchet up its cam­paign to oust the di­rec­tors of depart­ment store chain Myer.

In a let­ter to Myer in­vestors yesterday, Mr Lew said the feed­back at the re­tailer’s an­nual meet­ing this month, and “sec­ond strike” vote against its re­mu­ner­a­tion re­port, sig­nalled the board was no longer in touch with share­hold­ers.

At the an­nual meet­ing, share­hold­ers re­jected a mo­tion to spill the board, al­though the mo­tion re­ceived a 38 per cent vote of sup­port.

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