By Patrick Beggs
Will the shareholders buy the new product or opt for the product hardly used but well known? That is the question on all the lips at the moment, as Business Australia nears the ‘shareholders say’.
There has been unrest in the company since the last change of chairperson just seven months ago. On 20 September 2015, the board of directors instated Malcolm Turnbull, a decision made without consulting the shareholders.
When questioned on the decision outside Business Australia HQ Genet Bridge answered, ‘Mr Abbott no longer holds the right credentials, the board has made the executive decision. Mr Abbott has passed his use-by date, it is time to move forward’.
The company restocked its shelves. A good consumer will always read the back of the label, asking, where has the product has come from? Is it ethically made? Unprocessed? GM free? Thus Turnbull’s credentials were assessed: Former journalist. Wrote articles for The Bulletin and The London Times. Stint as a high profile lawyer. Made name for self in the ‘Spy Catcher’ case, defending the Packers.
Investment banker. Started a firm, went on to become co-chairmen of the illustrious Goldman Sachs unit. Entered into email Service Company named OzEmail as venture capitalist. Famously took the E out of Oz, earning himself 24 million dollars. Cultivated in Australia, highly processed, questionable ethics. An improvement from ex-boxing champion rogue scholar but with the benefit of hindsight, not much of one.
Now just seven months later, Australia’s most profitable Business faces another change to the top. Will the shareholders buy the product or opt for the product hardly used but well known, Bill Shorten?