Bumi chief exec warns against Nat Rothschild's plan Only the board's rival route offers a real prospect of salvaging value and cutting ties with the Bakries, the Indonesian shareholders with whom Mr Rothschild has fallen out, according to Nick von Schirnding, Bumi's new chief executive. "Like a melting snowman, this deal is slowly but surely trickling away and we are being distracted by this EGM, which to my mind is a waste of time," Mr von Schirnding said, telling investors to vote down Mr Rothschild's proposals. Wal King, his would-be chairman, said: "Bumi is like a football team that's lost 20 matches in a row. It's not going to start winning until it changes its manager and captain. However, Mr von Schirnding stressed that the Bakries have warned that they will refuse to fall in line with Mr Rothschild's plan even if it wins shareholder support, saying: "The Bakries have said they simply won't deal with a board that has Nat Rothschild on it." The Bakries said: "We do not trust Mr Rothschild and regard him as impossible to deal with." Mr Rothschild's camp, however, disputes that the Bakries would be in a position to block his proposed deal.