Elliott is a graduate of the Commerce Faculty of the University of Melbourne. He later attended the Melbourne Business School, graduating with an MBA.
Elliott was an employee of McKinsey, the global consulting firm. From there, he and several partners acquired control of a listed jam manufacturer IXL.
Elliott and his team built the company up through a string of acquisitions throughout the late 1970's and 1980's, including two Australian corporate icons Elders an agricultural services concern and Carlton and United Breweries now part of the Foster's Brewing Group and Australia's largest beer manufacturer.
In 1985 Elliott's company - by then called Elders IXL - played an important role in fending off the designs of Robert Holmes a Court in taking over diversified mining company BHP. BHP was traditionally Australia's biggest company, calling itself "The Big Australian."
Elders bought a large share in BHP which blocked Holmes a Court's attempt to take control.
More to follow.
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