Grant King BHP

Following the Business Council of Australia's tradition of having only the finest scolds head up the big business peak body, incoming chairman Grant King, who is replacing Catherine Livingstone, is hardly in a strong position to adopt the BCA's traditional role of scold and primary complainant to the rest of us about our slack, self-indulgent ways.

King recently stepped down as head of Origin Energy, which posted an impressive 2015-16 loss of $589 million. Still, that wasn't as bad as the $658 million loss last year, when the company urgently raised $2.5 billion in equity to ward off a further trashing of its credit status.