Tabcorp shareholders voice disappointment on merger vote and executive pay

Some Tabcorp investors have expressed disappointment with Chairman Paula Dwyer’s decision to reject a vote on its deal with Tatts Group to create an A$11.3 billion company that will control more than 90% of Australia’s totalisator business. The Australian Shareholders Association (ASA) requested Tabcorp governance to give its shareholders a vote on the merger, the Australian Business Review quoted Dwyer as saying: “There is no requirement u...