Feb 22, 2007

How the Rudds profited from Janette Howard’s cancer scare

The market is in awe of CSL’s stellar profit figures released yesterday. And which family has CSL as the largest shareholding in a $1.2 million portfolio? The Rudds, of course.

The market is in awe of CSL’s stellar profit figures released yesterday and The Australian’s business commentator Matthew Stevens attributed some of the upsurge to Tony Abbott running foul of our first lady:

CSL shareholders can thank, in part, federal Health Minister Tony Abbott and his department's staggering rejection of a plan to vaccinate Australian schoolgirls against cervical cancer. The Prime Minister's understandably keen intervention in the CSL approval process (wife Janette is famously a survivor of cervical cancer) resulted in a national immunisation campaign starting 12 months ahead of CSL's schedule.

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