“I think that’s why it’s also a meritocracy,” he said. “No matter where you come from, you have the same chance to succeed. People are judged on their abilities, and that’s how it should be.
CHIEF also recently spoke to the group of Indian-born CEOs recently appointed to lead major listed companies, including Stockland CEO Tarun Gupta, Boral CEO Vik Bansal, Orica CEO Sanjeev Gandhi, Link CEO Vivek Bhatia joining Pact CEO Sanjay Dayal and Newcrest boss Sandeep Biswas. , who all discussed being drawn to the “cricket loving nation”.
There is also a New Zealand contingent of top CEOs, including ANZ’s Shayne Elliott, NAB’s Ross McEwen and SEEK CEO Ian Narev, while Australia’s biggest companies, including BHP, are led by Canadian Mike Henry and CSL led by American Paul Perreault.
After Mr. Ferraro’s parents emigrated from southern Italy in the 1950s, Mr. Ferraro, a former lawyer, investment banker and executive at BHP, was admitted to the law school at the University of Melbourne where he formed a close-knit group with a group of boys from similar migrant backgrounds. who became a judge, lawyer, managing partner and investment banker.
He said the boys were a product of the Whitlam government’s free university education, which showed him the power of good government policy which he hopes will come before him at the September jobs summit.
“One thing I’m very aware of is how good public policy can have quite a big impact on people. Before the Whitlam government, when I was in high school, there was probably no opportunity for me to go to university,” Mr Ferraro said.
“You don’t just open the door and let everyone in, it creates tension, and you can decide to develop regional and rural areas like Bendigo and other towns,” he said. .
“But if I look at Australia compared to other countries, we have benefited from the influx of economic migrants. We assimilated, we contributed and we added to the economic advantage.