Hatred of charitable donors who don't do what they are told

We see below a simple outpouring of hate against successful people. There is NOT A WORD about the reasons why they opposed what others sought. Could it be that conservative businessmen created an alternative to the Left-dominated Melbourne university and did not want to lose that?

A SMALL but powerful group of Melbourne establishment figures, including ANZ Bank chairman Charles Goode, has scuttled a proposal to create one of the world's top business schools. In a deeply embarrassing setback for the star-studded Melbourne Business School board, the donor members who helped establish an independent MBS in the 1980s spurned the directors' unanimous recommendation yesterday to merge with Melbourne University's faculty of economics and commerce.

With recrimination thick in the air, one observer commented: "This is a gigantic f**k-up; it's like the board of a blue-chip company unanimously agreeing to a takeover, only to have their own shareholders vote it down."

Three key players, all called John and listed in Who's Who as Melbourne Club members, lobbied heavily against the merger, which required a change to the MBS constitution that called for a 75 per cent voting majority, The Australian reports. Former ANZ chairman John Gough, 81, former Woolworths chairman and Corrs corporate lawyer John Dahlsen, 74, and MBS founding dean John Rose, 73, mobilised their longstanding business networks. But the critical individual, according to close observers, was Gough's protege, Goode, also a Melbourne Club member, who succeeded him as ANZ chairman.

The 79 MBS donor members, most of them large corporates, were allocated votes according to the size of their contributions. In a poll, 54 of them have a total of 16,512 votes and 25 individual donors retain one vote each. Goode, 71, was critical because he is chairman of both ANZ and the charitable Ian Potter Foundation, each a large MBS donor. No one ever had any doubt where the foundation's loyalties lay - Rose and Gough are also on its board of governors.

The three Johns, as they will be forever known, were said to have marshalled a blocking stake of more than 25 per cent, relying on ANZ, the Ian Potter Foundation, the Dahlsen holding and a couple of other like-minded organisations. The merger resolutions will now not be put to the planned MBS extraordinary meeting on October 7.

For this generation of the Melbourne establishment, the MBS battle was probably the last power play. Consistent with its signature style, there was no one to comment yesterday. Networks were activated, business was conducted behind closed doors, influence was wielded, an outcome was achieved and that was it. Dahlsen, Rose and Gough could not be reached for comment, and Goode is now overseas for two weeks.

SOURCE


Posted by John Ray (M.A.; Ph.D.). For a daily critique of Leftist activities, see DISSECTING LEFTISM. To keep up with attacks on free speech see TONGUE-TIED. Also, don't forget your daily roundup of pro-environment but anti-Greenie news and commentary at GREENIE WATCH . Email me here

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