Westfield Corp holds inaugural AGM

Fresh on the heels of Scentre Group's (ASX: SCG) AGM last week, Westfield Corp (ASX: WFD) held its inaugural annual meeting yesterday. It was Frank Lowy’s 55th AGM since co-founding Westfield - by comparison, son Peter has 'only' attended 32. Frank's mind appears as active as ever and he deftly swatted aside concerns from shareholders about the cost of the company's co-CEO structure. Westfield continues to transform itself into being primarily an owner of flagship shopping centres. Connected to public transport hubs, these centres contain shops, food courts, cinemas and gyms and have become destinations in their own right; a combined 70m people, for example, visited Westfield London and Stratford City last year.Their...

Fresh on the heels of Scentre Group's (ASX: SCG) AGM last week, Westfield Corp (ASX: WFD) held its inaugural annual meeting yesterday. It was Frank Lowy’s 55th AGM since co-founding Westfield - by comparison, son Peter has 'only' attended 32. 

Frank's mind appears as active as ever and he deftly swatted aside concerns from shareholders about the cost of the company's co-CEO structure. 

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