Gina Rinehart delivers Fairfax its first strike

Fairfax Media’s biggest shareholder, Gina Rinehart, has used her voting power to force a first strike against the company’s remuneration report today. Mrs Rinehart, who chose not to cast her votes until the close of today’s general meeting in Melbourne, also voted against a performance rights deal for Fairfax chief executive Greg Hywood, and swung her votes behind the re-election to the board of her friend and business associate Jack Cowin and Sam Morgan.