It was a superb event!

‘You’re late.’ One large hand reached out, then withdrawn. His head almost touched the doorway as he came through. She closed the door. ‘This way.’ She pointed to the chair. ‘Don’t speak.’ His curly hair and brown eyes didn’t provide any answers. But the dimples did. ‘You know he’s dead.’ #WriteCBC

Thought-provoking - so many parallels with my own experience. In the final section, could groupthink extend the 2nd perspective: collective (naive) delusion and a more complacent, unconscious cover-up? Or is groupthink a separate, 3rd option: pressure to conform with CEO/Chair to maintain consensus?

Is this another CLICO waiting to happen?

Massy wrote off TT$175M – over 50% of our 2023 dividends.

How many losses must Massy shareholders absorb before we demand accountability?

#MassyShareholders #MeetMeAtTheAGM #December2024

FOUR REFORMS:
#1 Transparency: Disclose pay, McKinsey, Delphi, and exit packages.
#2 Say-on-Pay: Let shareholders vote on exec pay.
#3 Pay for Performance: Stop huge payouts for minimal results.
#4 Clawbacks: Recover bonuses tied to failures.

Livin’ Large:
💰Massy CEO: TT$26M (35× the PM’s salary)
💰CFO: TT$2.5M in USD, after 4 months

Massy pays outrageous salaries while writing off TT$175M in losses (NiQuan). Shareholders deserve better.

2️⃣ Shareholders can demand auditors answer questions at the AGM.
In Oct, I asked PwC to address #NiQuan, #Delphi, #McKinsey, and #GoldenParachutes.
Massy is required by law to include this notice.
They have yet to comply.

NO ONE IS ABOVE THE LAW.

1️⃣ Shareholders can submit proposals for the AGM.
In July, I proposed removing Robert Riley as Chairman due to governance failures.
Massy is required by law to include this in the AGM documents.
They refused.

Massy defies shareholder rights.