Australia's biggest carbon emitter buckles before Mike Cannon-Brookes – so what now for AGL's other shareholders?
- Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW Sydney
Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets.
AGL’s board announced it was dumping its demerger proposal this morning. Heads have rolled too. Chief executive Graeme...
