By Kris Sayce – Port Phillip Insider (Australia) –
We’ve heard of politicians throwing a few ‘thought balloons’ out in the open to gauge public opinion, but we’re not sure we’ve seen it from publicly-listed companies.
You know what we’re talking about. A government has a policy idea. But it’s not sure how the public will respond. So it arranges a ‘leak’.
Someone will tell a well-placed journalist that the government has a proposal. The journalist will write about it. The feedback begins.
If there is outrage at the idea, the government will deny it has any such plans, or it will say that it’s one of many proposals up for consideration…and will then suddenly drop it.
If there is broad support for the idea, the government will feign disappointment about the leak, but will say that it’s still early days, and that more details will be available soon.
We remind you of the workings of politics before relating the following story regarding Fortescue Metals Group Ltd [ASX:FMG].