Failed Australian CEOs don’t die, they just become rent-seekers, from the AFR:
Former Origin Energy managing director Grant King has been appointed president of embattled Business Council of Australia, replacing Catherine Livingstone.
Mr King said he looked forward to representing members, the CEO of the country’s biggest employers, in its effort to create more jobs, opportunity and prosperity for all Australians.
“My focus will be on continuing to drive a more innovative and competitive economy, improving incentives for businesses to invest, and making the economy more flexible so it can respond to global forces of change,” Mr King said.
“I am a great supporter of the Business Council’s collective belief that a strong and growing economy is the best way to achieve social progress.”
Energy costs are one of Australia’s most pressing economic challenges, thanks in large part to Grant King’s failure:
He took control of Origin in 1994 (when it was still a division of Boral) and took 22 years to double its share price by turning it from a staid utility into a radical LNG wrecking ball. Origin is today a key member of the east coast gas gouging cartel that is strangling the entire non-mining economy to cross-subsidise its failing venture into LNG exports.
How the hell can we change anything when the same rent-seeking vampire squids just revolve from one key position to another?
