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Ann: Takeover Notice to Target 75% , page-8

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  1. 5,278 Posts.
    lightbulb Created with Sketch. 29
    "Wonder if Mr Forest will find more time to get
    involved now now that he resigned as ceo.
    He took a keen interest in coridon last year.


    Hi matchbox,

    From the announcement, Mr Forrest said he intended to, "focus increased energy, time and attention on philanthropic activities".

    In modern practical terms philanthropy means "private initiatives for public good, focusing on quality of life.

    An important distinction should be made, as Wikipedia will confirm, that whilst admirable, charity is not the same as philanthropy. Simply argued by the concept that an implemented philanthropic idea may make its owner rich, if he or she so wishes.

    Sounds good to me plus I'm sure he'll want to hang out with some of his old mates on this new board.

    I noticed he also gifted 8mil FMG shares today. I wonder if these might be linked in anyway to the deal. Maybe a sweetener to get Coridon's Prof Ian Frazer more involved ;)

    Pure speculation of course.

    We should expect to hear more by tomorrow or Monday imo.
 
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