Everyone knows Hungry Jacks but nobody knows Jack Cowin. The Canadian born businessman behind the food chain is famous for saying very little, but recently Cowin has burst forth in favour of his friend Gina Rinehart’s bid for board representation at Fairfax. In doing so Cowin’s revealed a fascinating insight into how – or indeed why – a tycoon might enter what is just now a damn difficult business.
We can safely assume that Cowin can be taken as a very close proxy for Rinehart herself when it comes to media investment. They both sit on the board of Ten Network… in that venture they have recently lost money together and are now up for pumping in more cash after this week’s $200 million capital raising announcement.
For the full article visit Business Spectator.