Stephen Mayne
@MayneReport
Crikey & founder # shareholder advocate # Ex LG Cr # Money Cafe Podcaster # Crikey & Intelligent Investor contributor.
11.3K Following 45.6K Followers
Blink and you miss it in terms of WAM shareholders questions (not from me) about performance fees on today’s investor zoom call. Geoff Wilson is now pocketing $80m+ a year in fees from 150k retail shareholders and it’s time these fees were materially cut.
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Geoff Wilson’s flagship LIC WAM Capital is under the pump from investors on today’s webinar. Here is Oscar Oberg explaining why the stock has tanked from $1.90 to $1.20. Might be time to cut the excessive management fees leaking into billionaire Geoff’s pocket.
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