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Below is an email I have just sent to Alun Cathcart, Chairman of Avis, following my attendance at last Tuesday's (May 19th 2009) AGM of Avis Europe in Bracknell.
Their decision to slash the shareholder discount from 50% to a worthless 20% level on already worthless shares is in my view the final insult. To make matters worse they presented everything at the AGM as though matters at the company were all totally hunky dory and of course their CEO still pays himself £500,000 per annum (not cut by a penny) while their shareholders are kicked in the teeth