Last week's high-profile axing of principal Rosa Storelli from Melbourne institution Methodist Ladies' College over the alleged non-repayment of salary perks got us thinking about the blue-chip corporates who helm the country's elite band of independent schools.

Sometimes behind the scenes, more often screaming for attention on school websites and LinkedIn pages, the nation's business leaders regard a private school sinecure as the ultimate networking opportunity, a chance to "give back", or to stay in touch with the kids they neglected to pursue their white collar careers.