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Former Wallabies skipper almost crash tackled off Magellan board
Ex-Wallabies captain John Eales has narrowly survived a vote on his tenure as director of former high-flying fund manager Magellan. More than 58 per cent of proxy votes were against the company’s remuneration report. Nearly 38 per cent came in against the re-election of Eales, who was a key oversight for the report.
Former Wallabies skipper almost crash tackled off Magellan board Ex-Wallabies captain John Eales narrowly survived a vote on his tenure as director of former high-flying fund manager Magellan. More than 58 per cent of proxy votes were against the company’s remuneration report and nearly 38 per cent came in against the re-election of Eales, who was a key oversight for the report. The vote on executive pay was non-binding but the proxy result implied a total vote well above the 25 per cent threshold.
Former Wallabies skipper almost crash tackled off Magellan board Ex-Wallabies captain John Eales has narrowly survived a vote on his tenure as director of former high-flying fund manager Magellan. More than 58 per cent of proxy votes were against the company’s remuneration report. Nearly 38 per cent came in against the re-election of Eales, who was a key oversight for the report.
Continuous explosions: Magellan chief executive exits with a bang Magellan’s recent history is one of fresh starts, but most could be characterised as false starts. Decision to put staid and steady cardigan-like chief executive David George at the helm of a company with entrepreneurial DNA hasn’t worked. Barrenjoey today is stronger than a year ago, and we expect it to be even stronger in a year's time.
Glass Lewis backs Magellan Midstream's sale to ONEOK Glass Lewis backs Magellan Midstream's sale to ONEOK. Magellan is a master limited partnership (MLP) Investors in MLPs, known as unitholders, are shielded from ongoing taxes.
Australia Shares Shaping for Opening Drop ASX futures are down 0.4%, suggesting that the benchmark index will add to its 2.6% loss so far this week. It is already on course for its largest weekly loss since September 2022. Magellan posted a 57% drop in adjusted annual profit, BlueScope Steel appointed Jane McAloon as chair.
Magellan continues to bleed funds despite improving performance Shares in Magellan tumbled 8.2 per cent to $8.93 a share at the close on Thursday after the firm revealed it had experienced net institutional outflows of $1.7 billion. It comes after a troubled year in which the company’s share price tumbled due to investment underperformance.
Magellan continues to bleed funds despite improving performance Shares in Magellan tumbled 8.2 per cent to $8.93 a share at the close on Thursday after the firm revealed it had experienced net institutional outflows of $1.7 billion. It comes after a troubled year in which the company’s share price tumbled due to investment underperformance.
A submarine expert desperately tried to dissuade his friend, OceanGate CEO Stockton Rush, from taking customers in the Titan submersible, warning him against 'succumbing to pressures of your own creation,' new emails show Sea-exploration firm Magellan said it's working on bringing in "specialist equipment" to help the rescue mission for OceanGate's lost Titan sub. The Titan went missing on June 18 while on its third annual expedition.
'Glitch' while loading Titanic sub search vessel stopped it flying out to help The remotely operated vehicle was owned by Guernsey firm Magellan. It was supposed to be loaded onto a US-run C17 plane at Jersey Airport. The vehicle was meant to be used to help the search for the missing Titan submarine. Magellan's CEO said that there was a 'glitch' that prevented the ROV from being loaded.
Explorers Club president says life-saving drones for Titanic sub search caught up in red tape Two of the five on board - British billionaire Hamish Harding and French Titanic expert PH Nargeolet - are members of the Explorers Club. Other members have worked to enable deep sea company Magellan, based in Guernsey, to ship its surveillance equipment to the site.
US Air Force plane lands in UK with vital equipment for Titanic sub rescue bid US Air Force plane has arrived in Jersey to transport vital equipment for the Titanic submarine rescue mission. The plane, a USAF C17, carried specialised tools provided by Magellan, an underwater research firm based in Guernsey. Equipment includes a lifting device with a 7,000m synthetic rope and a remote-operated vehicle. Aircraft will fly the gear from Jersey to St John's in Newfoundland, Canada.
Titanic sub: US aircraft to pick up ROV from Jersey The C-17 Globemaster landed on Thursday, Ports of Jersey confirmed. US aircraft will take a remotely operated vehicle (ROV) owned by Magellan. US Coastguard confirmed it was expecting the ROV to help recover the submersible.
Titanic missing sub: search in crucial phase as oxygen levels run low — latest updates Deepwater equipment from Britain rushed across the Atlantic just as the vessel’s air supply was expected to give out. Sources reported a breakthrough in US government bureaucracy that had held up the dispatch by Magellan.
Titanic sub: US aircraft to pick up ROV from Jersey C-17 Globemaster lands in Jersey to pick up specialist equipment. US aircraft will take a remotely operated vehicle (ROV) owned by Magellan. The ROV was used to create a digital scan of the Titanic in 2022.
Experts say rescuing Titan submersible ‘a very difficult task’ Rescue would require remote-controlled vehicles (ROVs) capable of allowing operators on the surface a clear view of the submersible’s location. The US Navy has such ROVs, as does a French research vessel named the Atalante. Another company, the Guernsey-based Magellan, has been approached by OceanGate to mobilise ‘by all means necessary’
The company that mapped the Titanic wreck says it's trying to help rescue the missing tourist sub Magellan, which helped develop visuals of the Titanic, said it's trying to help find the lost sub. The sea exploration firm says it's working to bring "specialist equipment" to find OceanGate's sub. "We are ready to support, and we are fully mobilised to help," Magellan said.
Megalodon tooth necklace spotted in digital scan of Titanic wreck A necklace carrying the tooth of a prehistoric shark known as a megalodon has been discovered in the Titanic wreckage. The necklace has sat at the bottom of the ocean following the sinking of the Titanic in 1912. Magellan, a deep water investigation company that carried out the scan, said the find was “astonishing, beautiful and breathtaking”
Necklace discovered in the wreck of the Titanic is a 'breathtaking' find Magellan, a Guernsey-based firm, uncovered an image of a golden chain in the wreck of the Titanic. The company undertook the first ever, full-sized digital scan of the trans-Atlantic cruise liner, which lies 12,500ft beneath the Atlantic Ocean's surface. The firm managed to pick up an image. of the golden chain, which also featured the tooth of a Megalodon, a pre-historic shark.
Necklace Made From Megalodon Tooth Found In Titanic Wreckage, AI To Help Find Its Owner A lost necklace made from the tooth of a megalodon shark has been found in the wreckage of the Titanic, 111 years after the iconic ship sank. The discovery came after Magellan, a Guernsey-based company, used a pair of submarinesto produce the first full-size digital scan of the doomed luxury passenger ship.
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