Farewell Maurice, it was bizarre

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From Fairfax:

As expected. Our new PM, Malcolm Turnbull, quietly let Maurice Newman’s position as chairman of the Business Advisory Council expire Saturday night while everyone’s focus was on his ministerial chess play.

It leaves the BAC without a chairman for now, according to the council’s web site.

But the real test of Turnbull’s intentions comes at the end of November when the terms of most of the remaining board members expire.

This includes Wesfarmers chairman Michael Chaney, BHP chairman Jac Nasser, and Telstra’s Catherine Livingstone.

It is an appropriate end that Maurice be replaced by nothing but a higher percentage than historical norms of greenhouse gases.

Scrap the council, Malcolm, why do you need these card carrying rent-seekers in your ear?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.