Ahmed Fahour receives $2.78 million for running taxpayer-owned Australia Post — the highest-paid government employee in the nation. Is he worth it?
READ MOREArticles by Adam Schwab
Courts catch up with Great Southern Plantations directors
Civil claims, rather than public interest charges, have eventually caught up with some of Australia’s GFC villains at agricultural giant Great Southern Plantations.
READ MORENothing to worry about in the Oz economy? Think again
Claims that the Australian economy is hunky-dory — including by Crikey’s Glenn Dyer and Bernard — need some debunking with reality.
READ MOREFortescue: the prophet and the loss
The disaster unfolding at Fortescue, and the desperate attempt by billionaire Andrew “Twiggy” Forrest to cling on to his fortune prove again that when Jim Chanos says something, it’s worth listening.
READ MOREFacebook falls flat on its face, but blaming CFO not on
The recriminations over the Facebook float continue, with The New York Times and the owner of a basketball team weighing in on the villains and victims of the float.
READ MOREBanks penalised for fees, but don’t expect an apology
The High Court of Australia last week dealt a blow to the big four banks when it overturned a Federal Court ruling and found that certain fees charged by banks could be classified as “penalty fees”.
READ MOREHave BHP shareholders got their money’s worth?
Marius Kloppers should be grateful to his predecessors at BHP for creating a company able to withstand a series of multibillion-dollar management blunders.
READ MOREEvery post a winner for Fahour’s guests at Games
Australia Post took dozens of its largest clients and their partners to the London Games, with the largesse including business-class airfares and accommodation a five-star hotels.
READ MOREIn terms of huge exec pay, Little means a lot
Call it another case of celebrity CEO syndrome, where the symptoms appear to be excessive payments for poor performance.
READ MOREWho profited from Facebook’s flop?
As Facebook shares continue to plummet, it turns out not everyone is disappointed by the dour share price performance.
READ MOREASIC nails ‘getaway driver’ in ABC Learning debacle
Almost four years after its inglorious financial collapse, ASIC has finally claimed a scalp from the charred wreckage of ABC Learning Centres.
READ MOREWhy, on the face of it, Facebook is struggling
Is the death of Facebook somewhat exaggerated?
READ MOREWeill calls to break up the big ‘supermarket’ banks
One can’t help but marvel at the hide of Sanford I. Weill, better known as Sandy Weill — creator of Citigroup.
READ MOREHow six bad Fairfax calls cost shareholders almost $4b
Fairfax executives and board members have sat back and watched more than 80% of the value of the company evaporate.
READ MOREFacebook, by stealth, putting the fee into feeds
It may be a coincidence, but in recent weeks (after its float), Facebook appears to be taking a very different approach to users and clients than when it was a private company.
READ MOREProphets and losses: it’s always someone else’s fault
It’s almost impossible to open the financial pages of a newspaper and not read about someone blaming someone else for their own mistakes.
READ MORERBA has no idea just how the housing market works
It appears the RBA’s thinking is that house prices are falling because people expect house prices to fall and because people are fearful of losing their jobs.
READ MOREUS mortgage insurer pulls the pin on Aussie float
The decision by US-based mortgage insurer Genworth to pull the planned float of its Australian business is a resounding indication of what investors think of the Australian housing bubble.
READ MOREHousing’s bull … what a load of, well, bull …
Housing, like every other asset, should be valued with respect to the cash flows it can generate.
READ MOREKiwi version of ASIC proves to be a watchdog with teeth
Quick tip to any budding corporate crook — you’re far better off committing a crime in Australia than across the Tasman.
READ MORESuccessful retailers let their results do the talking
Don’t worry too much about retail. As it always has, the low margin, cut-throat sector will continue to reward innovative, forward-thinking companies.
READ MOREWhen is a property expert not a property expert?
Move over Henry Kaye. Step aside Bruce Yardney. There’s a new property expert back in town.
READ MOREResidential property market continues to struggle
Despite the best attempts by housing bulls, banks and politicians to resuscitate the flailing residential property sector, the Australian market (Sydney excluded) continues to struggle
READ MOREMarket darling QBE hurt by surge in catastrophe claims
For almost a decade, Sydney-based insurer QBE has a market darling.
READ MOREIs the housing bubble a myth? Sure is, if it’s different
It has been said that the four most dangerous words in investing are “this time it’s different”.
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