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1-Page saga closes last chapter and ousts co-founder

It’s looking nearly certain that one-time tech darling 1-Page has gone the way of so many CVs in recent times – in the bin.
Nanjing Night Net

On Monday, the shareholders of the company, which had licensed technology to create one-page resumes, voted to boot the company’s co founder, Joanna Riley, from the board and close the operating side of the business.

1-Page will now be a shell company with a multimillion-dollar whack of cash that can be used on all manner of things – like the back-door listing of an equally spurious tech start-up? A speculative miner? The options are endless.

Riley, a former elite college rower and no Lay Down Sally in this tumultuous affair, will now have to pursue other ventures in Silicon Valley where she is based.

Riley, who was for a time CEO of 1-Page, and her ally Peter Kent (who was CEO after Riley but only for a heartbeat), had offered to buy the American operating portion of the business (ie, all and sundry except for its ASX shell) for $US1. That offer, unsurprisingly, was rejected by the board and shareholders.

Instead, shareholders have opted for an alternative wind up proposal put forward by shareholder Andrew Chapman from Merchant Funds Management. Not a junket

Hold shares in some of the listed investment companies? If you do, it may be worth making a mental note to ask at the next AGM whether they spent shareholder money going to the annual Warren Buffet gabfest, the Berkshire Hathaway annual meeting that is better known among some as the Woodstock for capitalists.

On Monday, BKI Investment Co’s Will Culbert and Tom Millner, duly reported to shareholders the “great insights” they received from attending the meeting.

“Warren Buffett is the greatest investor of all time,” they gushed, in a report to shareholders on their trip, titled “Be Rational and be a life ong learner”.

“He is humble, he has strong business ethics and is shareholder orientated,” was one takeaway that left your diarist scratching his head to understand how this translates to being a better stock picker Down Under.

Thankfully, their trip was “self-funded and no cost is borne by the BKI Investment Co”, the duo pointed out. But given the meeting is webcast, could it have made more sense to monitor proceedings from afar? Prince in bricks

How do you get a group of year 10 schoolgirls interested about a career in property? Talk about Frederik, the Crown Prince of Denmark.

That was the strategy deployed by AMP Capital chief operating officer for property Louise Mason when she spoke at the opening day of the Property Council’s Girls in Property Week, a program aimed to encourage greater female participation in the property sector.

“He’s very handsome and he’s very smooth,” explained Mason about the heir to the Danish throne who she once met at the Royal Palace in Copenhagen courtesy of the Australia-Danish student exchange program sponsored by AMP Capital.

“Very easy to look at,” she said in her presentation, which included images of her with the Danish royals and where she did manage to weave in some career tips and plugs for her sector.

“There are lots of fun people in property,” she added while also showcasing AMP’s Danish-designed Quay Quarter project in Sydney.

Yesterday’s event also had Property Council chief Ken Morrison tell the gathering of 120 girls from five high schools why property was such a great industry to work in.

NSW Minister for Finance, Services and Property Victor Dominello took a different tangent, starting his presentation with some archaeological fun facts.

“Around 10,000 years ago there was a revolution that took place. I don’t know if many of you know about it but it was the Neolithic revolution,” explained the minister, who went on to talk a little about property.

If that weren’t enough to excite girls about property, the Property Council as part of the week has arranged Greater Sydney Commission head honcho Lucy Turnbull to speak on Thursday backed up by Lendlease’s head bean-counter for property Courtenay Smith. On Friday, the week will be wrapped up with some talks from Investa Property chief Jonathan Callaghan and entrepreneur Catherine Ball.

This story Administrator ready to work first appeared on Nanjing Night Net.

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