AGL’s rhetoric turned on a dime. The company went from assuring anyone who asked that it wouldn’t cancel the demerger scheme meeting – “it’s now a court-run process” – to cancelling the vote and half of its board. It’s the sort of clean-out we’re used to seeing at a troubled casino operator, or a bank after a royal commission cock-up, not a 185-year-old utility that hasn’t done anything wrong, other than recommend a deal its shareholders didn’t want to see. |