MRS Rinehart has given Fairfax CEO, Dodgy Rodgy Corbett, his riding instructions and received the predictable response that the publisher is a wonderful company and doing just fine without her advice. If Rinehart can endure the insults for a few more months it will all come to a head at the AGM, at which she will call on Corbett to find himself another $400,000 a year job.
When the motion to dismiss the board is made, it might be worth the while of institutional investors to bear in mind just what sort of people have been framing editorial policies. Here is one of them from October last year:
UPDATE: She has yet to exert her will on Fairfax, but already the Rinehart influence is improving things. It must be at least three weeks since the Saturday Age's Martin Flanagan has penned a patronising column hailing Indigenous footballers for the instinctive skills he believes only they can bring to the game. Today he's going on about his soon-to-be new boss, which makes a pleasant change from the The Noble Savage With The Sherrin.