Sentiments go only so far at Cabcharge
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 extensively from email correspondence between Doyle and the chief executive of Investor Group on Climate Change, Nathan Fabian, which culminated in her calling him "completely brain dead", a halfwit and an 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 the subsidiary CDC, which has lost a NSW bus contract."Some days you're a pigeon and some days you're a statue," he said.No junk mailThe Brisbane 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 Sky Shades empire fell into the hands of administrators in August.In a claim filed with the Queensland Supreme Court, the GE Money subsidiary Gel Custodians claims that in January Maranta and his wife, Lynette, failed to make about $7600 in repayments on a $595,000 loan taken out in 2008.The couple bought the unit, in the Brisbane suburb of Kangaroo Point, for just $355,000 back 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 by about $150 a day, and demands possession of the property.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 she refused to 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 Sky Shades group, Sky Shades Australia, have 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 in an update 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 any preference payments that could be clawed back and whether anyone had committed an offence under the Corporations Act.Maranta told CBD he was only a director of the company for a period because he was owed money by it.Super sweatFOR most Australians superannuation is the nest egg put away for the day they're Reg Kermode's age, but for the former prime minister Paul Keating, the 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 government between 1983 and 1996."Superannuation emerged from it like perspiration emerges from the pores of the skin," he said.Way back whenThe head of Treasury, Martin Parkinson, also spoke at the event, interrupting the reverie of the veteran economic guru Don Stammer.During a panel discussion with Parkinson and the former Ai Group boss Heather Ridout, Stammer pointed out that 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."