When an AGM feels like a funeral
5/7/202625 min
Frustrations boiled over at the ARN Media annual shareholders meeting, with owners voicing anger at the performance of the company in recent years, and a messy divorce from two of its biggest stars.
Meanwhile, the price of oil has dropped, with markets seeming to pull from never ending reserves of hope that the Strait of Hormuz is soon to open.
So what should we make of these big business meetings and market moves?
Carrington Clarke and ABC finance reporter Alicia Barry break it all down on ABC Business Daily.
If you liked today's chat on AI and the ASX be sure to check out Alan Kohler's recent interview with NextDC Chief Executive Craig Scroggie on That's Business here.
Got a burning business question?
Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au
Clips
Transcript preview
First 90 secondsCarrington Clarke· Host0:00
[upbeat music] ABC Listen, podcasts, radio, news, music, and more. [upbeat music] If I had to pick one word to describe America's history in the Middle East, I'd probably go with mistake. But it was, the Americans believe, all a dreadful mistake.
Alicia Barry· Guest0:17
The backpackers crossed the poorly marked border by mistake.
Carrington Clarke· Host0:20
The war in Iraq was a big, fat mistake. So why is it happening again? I'm Matt Bevan, and on my show, If You're Listening, we actually try to learn from the world's mistakes. Find us on ABC Listen or wherever you get your podcasts. Frustrations boiled over at the ARN Media annual shareholders meeting, with owners voicing anger at the performance of the company in recent years and its messy divorce from two of its biggest stars. Meanwhile, the price of oil has dropped, with markets seeming to pull from never-ending reserves of hope that the Strait of Hormuz is soon to open. So what should we make of these market moves? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clarke.
Alicia Barry· Guest1:09
And I'm Alicia Barry, ABC finance reporter and host of The Business on Thursdays.
Carrington Clarke· Host1:15
Good morning, Alicia. Thank you for joining us early. You're usually spending your time prepping for the telly, uh, where people will be able to see you on The Business later today, uh, but you, you've joined us here in the pod studio, so good to have you.
Alicia Barry· Guest1:26
It's lovely to be here, Carrington.
Carrington Clarke· Host1:28
Let's turn our attention