Changes afoot at BidEnergy

BidEnergy recently appointed a new Chairman to its board, so Alan Kohler gave its CEO Guy Maine, and the new Chairman Andrew Dyer a call, to find out why.

Guy Maine is the CEO of BidEnergy and Andrew Dyer is the new Chairman. I interviewed Guy Maine and the old Chairman, James Baillieu quite recently, and that was okay and it was all terrific, the shares had gone up quite a lot and on Friday last week, they announced that there was a new chairman, Andrew Dyer, taking over from James Baillieu and James Baillieu had effectively been sacked and the shares fell by a third! They were up a bit on Monday this week, but there was a huge fall, partly because I think, James Baillieu himself is selling out his shares and he's now sold all of his shares, and he told me that he'd been punched in the back of the head by them. They’d a meeting without him, he says, that Guy Maine had sent a text harassing his wife in the middle of the night, it was all terribly upsetting and he says they're now a disaster waiting to happen.

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