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Articles by Adam Schwab

If only BRW innovated like the people it profiled

Options were open to Fairfax management that could have kept BRW going, but they weren’t tested.

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How Leighton Holding’s bosses built their fortunes

The corruption and bribery allegations against Wal King and construction giant Leighton Holdings are damning. Particularly when you consider what some executives were being paid.

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Ten million reasons to worry about the AFL Commission

Buddy Franklin’s $10-million defection to the Swans has highlighted the AFL Commission’s faults. Here are three of the most concerning, according to Adam Schwab.

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Prime target: Bill Lewski, the $33m fee and a question of Trust

Bill Lewski and his colleagues at Prime Trust are accused of making expensive and fraudulent transactions. But ASIC is treading very carefully.

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Essendon was stupid, but it’s the AFL with governance issues

James Hird and the Essendon football club have been at least reckless, but it’s the AFL with the most questions to answer in a drugs saga set to spoil this year’s final series for fans.

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Tom Waterhouse plays the odds with $100m sale

Tom Waterhouse might not have walked away with the mountains of cash that have been reported from the sale of his eponymous betting business. So why sell at all?

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How McKinsey went from white-shoe firm to criminal incubator

The cream of the crop of management consulting firms used to be McKinsey. But the recent alumni of the firm have had a less than sparkling record of late.

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The best Australian dot.com investments ever made

Think the dot.com boom only happened in Silicon Valley? Think again — some Aussies made a lot of money backing internet companies. We take a look at some of the success stories.

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An Iconic loss: $45m down, online retailer spirals out of control

The Iconic is still being hailed as a revolutionary online retailer success story. But its books are in a bad way, with estimates of a $45 million hole the company may not get out of.

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How the mighty are falling: the cases of iSelect and Centro

Health insurance comparison website iSelect is not exactly “shooting out the lights” in its IPO. And two of the key players in the Centro disaster are teaming up again.

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AFL’s expansion plans get the wooden spoon

The AFL should never have created the Gold Coast Suns and Greater Western Sydney Giants. They are a noose around the neck of the other 16 clubs. What was the code thinking?

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As Craig Gore enjoys the river views, ASIC is circling

Regulators are circling twice-bankrupt Gold Coast business tycoon Craig Gore ahead of a Federal Court case later this year. But he’s still living in luxury in a $1300-per-week river-side rental.

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iHype: don’t believe what you read on comparison site float

iSelect has dominated the Australian market and is a tasty prospect for stockmarket players. But don’t believe all of the hype you’re reading in the nation’s financial daily.

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Prime payouts become intriguing courtroom drama

The corporate watchdog is putting two directors of collapsed retirement fund Prime — Bill Lewski and Michael Wooldridge — into the dock. Their answers on the dramatic downfall are intriguing.

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The rise and fall of UGL’s $26m man Richard Leupen

Engineering and mining contractor UGL has slashed its profit forecasts by 40% this week. But chief executive Richard Leupen remains in the chair long after his contract expired.

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What are the odds on Tom Waterhouse going the distance?

Tom Waterhouse is everywhere, but will his business go the distance? The ubiquitous online bookmaker has a high-risk business strategy mirroring the dot-com legacy.

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While you were sleeping, execs hoard shares for themselves

A new report shows just how talented Australian executives are at buying back shares, mostly to benefit senior executives. And the poor old shareholder might know very little about it.

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Judge lifts Tinkler’s gag on Fairfax

More details of Nathan Tinkler’s troubled financial situation are set to be made public, after the lifting of a super-injunction against Fairfax.

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Is Nathan Tinkler broke? That would be the positive spin

No one seems especially cut up by Nathan Tinkler’s recent rapidly declining fortunes. Tinkler, once the richest Australian under 40, says he has some $700 million in assets. But does he?

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Insurer QBE rights the ship, rues ex-CEO O’Halloran

Frank O’Halloran, the former emperor of QBE, destroyed the insurer’s balance sheet and left a big potential landmine behind in QBE LMI. For his trouble he was paid more than $58 million.

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Kloppers ‘really screwed up’, but still gets $85m for BHP stint

Departing BHP boss Marius Kloppers is leaving the mining company in far worse shape than he found it — and being paid handsomely for it. Even Rich Lister Ivan Glasenberg took a swipe today.

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Get Fact: is it really ‘cheaper to buy than rent’?

It’s cheaper to buy a house than rent one, according to a story in The Australian Financial Review. We apply the Crikey Get Fact test to that rather bold statement.

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High-flying investor Oliver Curtis could land with a thud

Oliver Curtis — a former Bachelor of the Year who settled down with a high-flying Sydney PR queen — has now been charged with conspiring on insider trading. It could be a heavy fall from the social set.

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Glowing Coe obits whitewash his shady business record

From all reports David Coe was a generous man, loved by friends and family, who died too young. But that doesn’t change the fact he presided (and personally benefited) from a massive corporate collapse.

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He went to Rio, and lost $35b: Albanese’s destructive path

The media let Tom Albanese off the hook too easily. The ousted Rio Tinto boss will go down as one of the most value-destroying executives in global corporate history.

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