Dress-up parties can be revealing

"There wouldn't be a photo of me with Henry Kaye," motivational speaker and budding politician Jamie McIntyre told CBD.

"There wouldn't be a photo of me with Henry Kaye," motivational speaker and budding politician Jamie McIntyre told CBD.

So ignore this picture (top), which appears to show McIntyre with Kaye, the property spruiker banned for five years in 2010 over his failed investment empire.

Asked if he'd like to see the pic, McIntyre said: "I get photos taken with literally thousands of people."

He certainly does - most recently with the likes of Tania Zaetta as he travels the country for "red carpet launches" lauding his 21st Century Australia Party.

That's when he's not busy promoting his 21st Century Financial Education Summit, which is bringing out Arnold Schwarzenegger for a speaking tour in a fortnight

"The only photo I've seen with Henry Kaye is a photo from about 10 years ago at a function or party," McIntyre said. "I don't have a relationship - Konrad Bobilak does."

Bobilak, the man on the right in the happy snap, works for McIntyre at one of his "dozen companies".

He's a former associate of Kaye, whose get-rich-quick empire failed in 2003 owing 3500 investors up to $60 million.

The occasion appears to be a fancy dress party, at which CBD's other picture (bottom), featuring McIntyre also appears to have been taken.

"If there's fake money there or fake powder or whatever, I don't recall, it would have been 10 years ago," McIntyre said.

Based on data embedded in the photos, they may have been taken as late as 2007, so CBD asked McIntyre if he was sure they were that old.

"Approximately around '05, '06 ... it could be as late as '07," he said.

"But what are you implying? A fancy dress photo with fancy dress props."

He slammed critics who post anonymously on the internet.

"There's jealous competitors that like to run smear campaigns in business and post that photo and put it on the internet, along with a lot of other false information which they can't prove."

"We have defamation laws in Australia which aren't strict enough."

How-to lacking

It's been giving would-be bosses how-to lessons since 1941, but the one thing the NSW branch of the Australian Institute of Management can't seem to do is make a profit.

Or exist. Members voted on Thursday to amalgamate the loss-making NSW branch with the Queensland arm.

The NSW arm spent 2012 undergoing an expensive exercise described by its directors as a "strategic transformation" at the same time as grappling with a $1.8 million fall in revenue "resulting from increased competition and a fall in completion rates in respect of qualifications students".

This meant job losses, which cost an additional $484,000 in redundancies and management time.

All up, the branch lost $2.4 million for the year - and the situation would have been far worse if it hadn't reaped a $5 million gain by selling its North Sydney office and another property.

Passing the baton

Is this the beginning of the end of the Age of Boris? Veteran corporate stousher Boris Ganke has stepped down as chairman of Chapmans, the investment company of which he's been a director for a mere 39 years. His replacement is Robert Crossman, the managing director of boutique corporate advisory Corpac. CBD notes Corpac was sole financial adviser on a $700 million finance package put together in 2008 to fund a power plant being built by Ric Stowe's Griffin Group.

Stowe's group collapsed in 2010 owing about $1 billion, so let's hope Chapmans has better luck.

Meanwhile, Ganke remains on the boards of his other two ASX vehicles, Longreach Oil and Southern Cross Exploration.

Judge not happy

Administrators of flamboyant Gold Coast businessman Peter Drake's failed LM Investment Management empire have been given an expensive lashing by Queensland's most senior judge.

John Park and Ginette Muller were trying to turf the trustees of LM's Managed Performance Fund, KordaMentha and Calibre Capital.

The trustees were appointed by the Queensland Supreme Court in April, replacing LM Investment Management.

Last week, Chief Justice Paul de Jersey said Park and Muller's attempt to get rid of KM and Calibre was "an unhelpful intrusion by the former trustee into the new trustee regime" and, while the pair had claimed to act for investors, they were actually "pursuing their own agenda". He ordered them to pay costs on an indemnity basis.

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