DJs investors rattle a restless board

The campaign to retain Paul Zahra as David Jones chief is misguided for many reasons. In that context, institutional pressure on the board can be seen as an obvious intimidation tactic.

The conflation of the issue of directors’ share trading with the foreshadowed departure of David Jones chief executive Paul Zahra is a transparent attempt by some institutional shareholders to put pressure on the battling retailer's board.

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