it is well known that macquarie moved to remove the chairman;...

it is well known that macquarie moved to remove the chairman; here is article;

"Macquarie Bank Ltd's push to oust the chairman and chief executive of Coalworks Ltd has been dumped after the NSW miner said it will accept a takeover offer from Whitehaven Coal Ltd.

Coalworks shareholders met in Sydney to vote on Macquarie Bank's resolutions to remove their chairman Wayne Mitchell and chief executive Andrew Firek.

But Mr Mitchell told the meeting Macquarie had withdrawn the resolutions after the Coalworks board announced earlier on Friday it would recommend to shareholders an improved takeover bid from Whitehaven Coal. "