Magellan never stopped loving Chris Mackay (copyright link) AFR
Seven billionaire Kerry Stokes declared that “Magellan is a fine company” and “I have the highest respect for [Hamish Douglass′ emergency replacement Chris Mackay].” Yet by his own admission, he doesn’t own a single Magellan share and he hasn’t got a dollar in Magellan’s funds.These are classic Utopia tactics from the Magellan war room: when all else fails, call in a celebrity endorsement.It is also a tight circle of mutual interests. Mackay sits on the board of Stokes’ Seven Group. Matthew Grounds, founder of Magellan’s fledgling investment bank Barrenjoey, is Seven Group’s house adviser.
Magellan never stopped loving Chris Mackay (copyright link) AFRSeven...
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