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The Guardian - AU
The Guardian - AU
Business
Daisy Dumas and Catie McLeod

Angry shareholders vote against SevenWest executive pay deal as Kerry Stokes says he too has suffered

Composite image of Seven logo and Kerry Stokes.
Kerry Stokes reassured a concerned shareholder at Seven West’s AGM that ‘he had no dividends either’. Photograph: Joel Carrett/AAP

On Thursday, media tycoon Kerry Stokes presided over his last annual general meeting as Seven West Media’s chair (as long as the anticipated merger with Triple M and Hit radio network owner Southern Cross Media goes ahead).

The 85-year-old, who is expected to step down in February, tried to reassure shareholders, telling the company’s AGM in Sydney that executives at Network Seven and The West Australian newspaper had not been paid bonuses this year.

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