At the Crown Limited (ASX:CWN) AGM chairman James Packer vowed to go against shareholders according to a report in The Australian.
Reportedly, Mr Packer will use his 46 per cent stake in Crown to reinstate the board if next year’s remuneration package is voted down.
Shareholders yesterday voted against the package, and under the new “two-strikes rule” shareholders could fire Crown’s board.
Mr Packer also used the meeting to voice his dislike for the government’s poker machine reforms.
In the 2011 financial year Crown boosted its net profit to $336 million.
