Its function was altered when in 2009 Kevin Rudd made Medibank Private for profit, allowing the government to extract a dividend from the corporation.
When he took over the N.S.A., the Cold War had just ended and Congress had decided to extract a "peace dividend" from the intelligence community.
Over those five years, £1.8bn was extracted in dividends – some handed to shareholders, some used to repay loans.
Under Green's stewardship, more than £586m was extracted in dividends, rental payments and interest on loans by the Green family and other shareholders, including The Ivy restaurant owner, Richard Caring.
This is an extract from The Resilience Dividend: Managing Disruption, Avoiding Disaster and Growing Stronger in an Unpredictable World, by Judith Rodin, published by Profile Books at £20.
After extracting an efficiency dividend, the BBC will commit to providing sufficient investment in World Service to support its current plans for the period.
Kumar Mangalam Birla, the head of Aditya Birla group, insists that Novelis has done shareholders proud and notes that his group extracted a $1.7 billion dividend from the aluminium firm last year, paid for, private-equity style, with debt.
2004 Between 2002 and 2004, the BHS shareholders extract just over £422m in dividends – the vast majority of which went to Green's family.
Between 2002 and 2004, the BHS shareholders extract just over £422m in dividends – the vast majority of which went to Green's family.
John Mann MP said Green should lose the title unless he pays back £400m in dividends extracted from BHS before its collapse.
