Order's alumni take the lead
On the Labor side, prime ministerial aspirant and senior cabinet minister Bill Shorten was also schooled at Xavier College in Melbourne. Corporate Jesuit alumni include James Gorman, now chairman and chief executive of multinational securities giant Morgan Stanley, who was at at Xavier eight years earlier than Shorten.
An even older old boy is Melbourne developer Lloyd Williams, who developed Crown Casino then sold it to the Packers. David Murray, former CEO of Commonwealth Bank and former chairman of the Future Fund was also Jesuit-educated, as was Macquarie Bank's Nicholas Moore.
Abbott and shadow treasurer Hockey have both credited the Jesuits for developing their confidence and inculcating a desire for them to be "a man for others". The Opposition Leader has made no secret of Jesuit influence in his life. "The college [St Aloysius and St Ignatius] mottos, 'born for higher things' and 'do as much as you can' ... I thoroughly assimilated, sometimes to my masters' annoyance," he wrote in his autobiography Battlelines.
His contemporary at St Aloysius, Hockey, also shared Abbott's affection for the Jesuits. In fact, they share a same spiritual adviser in Emmet Costello, a prominent Sydney Jesuit. Hockey said that a Jesuit education had a profound impact on him. "It had measurable impact on my self-esteem," he said, "they also taught me the need to earn the rights to lead."
Father Michael Ryan, a former rector of Xavier College, performed the wedding service for Hockey and baptised his three children. Hockey also named his two boys after two Jesuit saints, Ignatius and Xavier. "I don't think there is any doubt about my affection for the Jesuits," he said.
Shorten, the Labor Party powerbroker, was more sceptical of the notion that a Jesuit education prepared one for political leadership and said there was a case of "retro-seating of the theory".
"Clearly some people who were Jesuit-educated have gone on to be engaged in public life in Australia and there was a lot of Xavier students who haven't," he said, "I am not that sure whether they saw themselves as a political training college."
Shorten rejected the perceived elitism of Jesuit schools, saying while there were pupils from very affluent backgrounds, there were also children of Vietnamese refugees. He was also critical of the exclusion of girls from his old school.
Hockey also observed that more than a quarter of John Howard's cabinet was Jesuit-educated and recited their names: Brendan Nelson, Peter McGauran, Richard Alston, Tim Fischer, Abbott and himself. "I don't think they ever set out to have a particular control of the political process of the Coalition party and it just happened that way," he said.
Frequently Asked Questions about this Article…
The article notes that many senior Australian politicians attended Jesuit schools. It highlights Coalition figures such as Tony Abbott, Joe Hockey, Christopher Pyne and Barnaby Joyce, and says Labor figure Bill Shorten went to Xavier College. The piece also points out that more than a quarter of John Howard’s cabinet were Jesuit-educated, according to Hockey, who named several former ministers.
The article names several corporate figures with Jesuit schooling: James Gorman (chairman and chief executive of Morgan Stanley), Lloyd Williams (developer involved with Crown Casino), David Murray (former CEO of Commonwealth Bank and former chairman of the Future Fund) and Nicholas Moore (Macquarie Bank).
According to the article, Tony Abbott and Joe Hockey credit Jesuit education with building their confidence and instilling the idea of being 'a man for others.' Hockey says the schools had a measurable impact on his self‑esteem and taught 'the need to earn the rights to lead.'
No. The article documents overlaps in schooling and personal ties but does not present direct evidence that Jesuit networks control corporate decisions or government policy. It records differing views: some alumni stress the schools' influence on personal values, while Bill Shorten is sceptical about equating Jesuit schooling with political training.
Bill Shorten rejects the notion that Jesuit schools are simply elitist, noting that while some pupils came from affluent backgrounds there were also students from less privileged backgrounds, including children of Vietnamese refugees. He also criticises aspects such as his old school's exclusion of girls.
The article suggests schooling can create networks and shape values that some leaders cite as influential. For investors, that background can be one contextual factor when assessing leadership, relationships and possible informal networks—but the article does not claim schooling translates directly into market outcomes or specific business decisions.
The article describes close personal ties: Abbott and Hockey share a spiritual adviser (Emmet Costello), and Father Michael Ryan, a former rector of Xavier College, performed Hockey’s wedding and baptised his children. Hockey even named his sons after Jesuit saints, showing personal connections beyond formal schooling.
The article mentions Morgan Stanley, Crown Casino (and developer Lloyd Williams), Commonwealth Bank, the Future Fund and Macquarie Bank. Investors interested in leadership backgrounds or networks might research executives at these institutions and their publicly stated influences, such as Jesuit schooling or alumni connections.

