Kermode rides in to defend retiring director
CABCHARGE gerontocrat Reg Kermode has hit back at CBD over Wednesday's column about outgoing director Sharon Doyle.
CABCHARGE gerontocrat Reg Kermode has hit back at CBD over Wednesday's column about outgoing director Sharon Doyle.The column quoted from email correspondence between Doyle and Investor Group on Climate Change CEO Nathan Fabian which culminated in her calling him "completely brain dead", a halfwit and idiot."I'm sorry that people have taken some low blow shots at you over a period of time . . . and more particularly today," Kermode told Doyle at the Cabcharge annual meeting on Wednesday.When it came time to re-elect Kermode, shareholder Mary Cullen pointed out companies with women on the board tended to perform better than those without."Sharon Doyle, the only lady on the board has lasted less than one year and has resigned and I don't see any friendly female faces on the podium today, one has to ask, is this an old boys club? And why not more female participation?"She was shut down by Cabcharge director Ian Armstrong, who said her remarks were "not relevant".For his part, Kermode was philosophical about subsidiary CDC, which has lost a NSW bus contract. "Some days you're a pigeon and some days . . . a statue."Maranta in strifeBRISBANE Broncos founder Barry Maranta could be in danger of being bucked out of his Queensland property by GE Money.It's another blow for the Gold Coast sport and business identity, whose Greg Norman-endorsed SkyShades empire fell into the hands of administrators in August.In a claim filed with the Queensland Supreme Court, GE Money subsidiary Gel Custodians claims that in January Barry and wife Lynette failed to make about $7600 in repayments on a $595,000 loan taken out in 2008.The couple bought the unit, in Brisbane suburb Kangaroo Point, for $355,000 in 1999.In its claim, filed in early July, Gel Custodians alleges the amount owing under the mortgage has blown out to more than $600,000, with interest mounting up at about $150 a day, and demands possession of the land. Gel alleges that since then it's had some difficulty serving the paperwork on Lynette.In a letter filed with the court, the company Gel hired to serve the Marantas, Advance Mercantile & Investigations, said its agent went to the property on September 18 and "spoke with a female occupant who stated that she was the defendant's sister and that the defendants were away"."She was unwilling to provide any details or a contact number. Our agent believes this was the second defendant [Lynette]."In an update, the company said an agent went back to the property on October 13 "and spoke with Lynette Maranta via the external intercom". The company alleged Lynette refused to come down and collect the documents."Our agent advised that personal service was required, to which the defendant responded with words to the effect of 'No, no, no, leave them in the letterbox,' and terminated the intercom connection."On November 13, Justice James Douglas made an order dispensing with the need for personal service, meaning Gel can go ahead with the case after leaving the documents in the letterbox. The Marantas have yet to file a defence but Barry told CBD he had "an arrangement" with his mortgage broker."There is no issue," he said. "I have paid the money this week. "I am just an old man who is trying to get on with his life. I am a nobody."Meanwhile, the liquidators of one of the companies in the SkyShades group, SkyShades Australia, has told creditors they will ask the corporate regulator for money to fund an investigation of its failure."ASIC has recently recommended a funding request be submitted," liquidators Morgan Lane and Michael Peldan, of Worrells, said on their website.In a September report to creditors, the liquidators said they needed $75,000 to investigate issues, including whether the company traded while insolvent, whether there were preference payments that could be clawed back and whether anyone had committed an offence under the Corporations Act.Barry told CBD he was only a director of the company for a period of time because he was owed money by it.Super spinFOR most Australians super is the nest egg they put away for the day they're Kermode's age, but for former prime minister Paul Keating, architect of the system, it's little more than economic sweat.Waxing lyrical at the Association of Superannuation Funds of Australia conference on Wednesday, he said super emerged from a sea change in the economy produced from the "co-operative political model" adopted when he was in power between 1983 and 1996."Superannuation emerged from it like perspiration emerges from the pores of the skin," he said.Stammer stoppedHEAD of Treasury Martin Parkinson also spoke, interrupting the reverie of veteran economic guru Don Stammer. During a panel discussion with Parkinson and former Ai Group boss Heather Ridout, Stammer said he'd been alive for 38 per cent of the history of white occupation in Australia."I remember well the crash of '87," he began.Parkinson: "Was that 1887?"Stammer: "Martin, when I was your age we had respect for our elders."