Chapter Two

When the two patriarchs ceded their power many observers and company staff were taken by surprise. For over thirty years, they exercised undisputed control over Transfield. Their employees, many of whom had worked with the company since its inception, were accustomed to direct dealing with the two owners, seeing them around the jobs.

The elevation of the two sons to the position of Joint Managing Directors was, in some way, a well earned reward for their successful managing the acquisition of the Williamstown Dockyard and the takeover bid for AMECON.


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Marco, Franco, Paul Salteri and advisers at the announcement of winning the ANZAC frigates tender.