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Billionaire shareholder of Australia's Myer Holdings leads revolt against board

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Myer's annual meeting on Friday came a day after Amazon began an order-taking trial in Australia, and at the start of the country's most important trading period, the month before Christmas.

Sydney

SHAREHOLDERS of struggling Australian retailer Myer Holdings Ltd voted down its executive pay proposals on Friday, in a revolt led by billionaire investor Solomon Lew that put the board on notice to start delivering on its turnaround strategy.

sentifi.com

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