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From The Australian:
Origin Energy executive finance director Karen Moses has announced she will not seek another term as director and will retire from the company, in the second withdrawal of a resolution to be voted on ahead of today’s annual meeting in Sydney.
…The company did not say whether the withdrawal of either motion had anything to do with shareholder backlash in the wake of an equity raising at a time when the share price is less than half of what it was a year ago thanks to sliding oil prices and concerns over the high amount of company debt.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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