Rumours are rife that Andrew Newton has been “granted” his contract extension for another two years. No official announcement has as yet been made so we cannot vouch for the authenticity of these rumours. If however, they do prove correct we strongly suspect that the voting pattern may have gone along these lines –

FOR: Lipshutz, Hyams, Esakoff, Lobo

AGAINST: Magee, Pilling, Forge

Tang was a ‘convenient’ absentee at the last CEO Special Committee meeting where the decision was probably made. Convenient, in the sense that if he should by some miracle have voted against reappointment then the vote would have been 4 to 4 and Esakoff would have the casting vote. This would place her in an invidious position. Convention demands that the status quo is maintained – ie. contract runs its course without renewal. With Tang absent, this possibility has been averted.

We will comment further once the issue is resolved via the perfunctory formal announcement.