Frank Lowy’s spectacular fall from grace

Publicly riling his biggest supporters – Westfield shareholders – is uncharacteristic of one of Australia’s most revered business heroes, and suggests he may be losing his touch.

Today I feel very sad. One of Australia’s great business heroes and icons, Frank Lowy, has clearly stayed on as Westfield Group chairman too long.

I do not want to get into the grubby rights and wrongs of the latest split proposal, but the Frank Lowy I knew -- the man who made Westfield such a great company -- would never have turned on his supporters in such a public way.

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