Stephen, great to have you back as a shareholder activist! How about having a look at the most over worked director in Australia at the moment, David Crawford:

  • Chairman of National Foods – under takeover offer from San Miguel and Fonterra
  • Director of Foster’s – offer on the table for Southcorp
  • Director of BHP – offer about to be made for WMR
  • Chairman of Lend Lease – rebuffed bidder for GPT, now considering a second tilt

How can anyone (even with the talent of David Crawford) possibly handle this workload?

CRIKEY: Indeed, David Crawford is now at the apex of Melbourne’s old protestant establishment.Educated at Scotch College and Melbourne University, the blue blood did decades at KPMG and is now simultenesously caught up in four different takeover position. Oh, he’s also Treasurer of the Melbourne Cricket Club, that other most important institution in establishment Melbourne.

Lend Lease didn’t exactly handle GPT well, Foster’s is arguably bidding too much for Southcorp, that $18 million break fee National Foods looks like paying San Miguel is excessive and the word on the street is that BHP will go over the top bidding for WMC.

Maybe some of these situations would have worked out better if the lad wasn’t so ridiculously over-committed?