Australian shareholders are revolting as company directors (and their hired help) design long-term incentive packages that continue to unjustly enrich executives.
ABC Learning 
Rumourtrage scourge won’t be solved
Directors are wantonly disregarding Corporations Act provisions and actively trading shares with inside information. A new report recommends civil penalities for spreading false rumours.
Labor on child care: promises but no answers
The hot topic of child care remains a mess in Australian, with the government refusing to reveal key data about the status of the industry, writes Sophie Mirabella.
Another nail in the property sector coffin
The Australian property sector is suffering even further today with Australand Property Group reporting multi-million dollar losses and big capital fund raising.
The elephant in the child care reform strategy
Despite the Government already spending over $56M to fund child care and save centres, it refuses to look at how the current funding model made such collapses inevitable.
Eddy Groves freezing order has tentacles
ASIC yesterday launched a shock Federal Court bid to freeze the assets of failed ABC Learning Centres founder Eddy Groves and a key former associate.
Crikey roll call: the GFC’s corporate casualties
Two years on and the global financial crisis has claimed two major scalps — corporate managers and equity investors.
James Hardie is just the tip of the iceberg
Amid the James Hardie “fully funded” furphy, it’s becoming increasingly difficult to trust what companies say at all.
Green and Groves: the gap between rhetoric and the real economy
If we’ve learnt anything from the spate of corporate collapses this year, it’s that rhetoric and the real economy can be poles apart, writes Andrew Crook.
Auditors pocket millions while asleep on the job
Collapsing markets have shown once more that the multi-national firms paid millions of dollars to audit public companies financial statements have been asleep on the job, writes Adam Schwab.
Shareholders apply the AGM blowtorch
AGM season has come to a conclusion with an unprecedented spate of protest votes, but the directors’ club remains intact, writes Adam Schwab.
The commentators who were seduced by Eddy Groves
Several high profile finance reporters were only too happy to praise Eddy Groves when being rich was as easy as ABC, writes Neil Walker.
ABC Learning run like a chain of laundromats
Questions of service quality arise when trying to run what should be a local community services like a chain of laundromats, writes Eva Cox.
ABC learning collapse is a policy failure
Successive governments have failed to think long-term about the provision of childcare for Australians. It’s time the Rudd Government corrected that failure, writes Bernard Keane.
The Groves debacle takes ABC into Australian corporate history
ABC Learning’s failure may be remember as one of Australia’s most notorious corporate meltdowns, writes Adam Schwab.
Eddy’s dream is over: ABC Learning in voluntary administration
The buzzards which have been circling have finally descended onto the carcass of ABC Learning.
ABC Learning, the great money losing machine
Doing the sums on ABC Learning shows up one damning stat — the company has never made a cent. Adam Schwab fires up his calculator.
Briefly Business: KPMG, ABC, LBO’s & Texas Pacific
KPMG rep takes another hit … ABC Learning still talking the talk … Texas pacific not playing by the rules …
Briefly Business: ABC, Gunns, Fuwa
ABC Learning proves the rule … Gunns back in the money … Busting Trust … Food and oil price rises take toll in Asia.
Briefly Business: ABC not ABC, petrol, new NAB loan
That’s ABC, not ABC … Some good news at the bowser, finally … No break fee and no discount from NAB … Where’s the public outrage on the US credit crisis?
Groves scoops up ABC Learning options at below market value
What was Eddie Groves thinking when he issued himself with millions of share options at below market price?
ABC Learning’s generous use of play money
Shares in ABC Learning might have risen (slightly), but shareholders are unlikely to be rejoicing, writes Adam Schwab.
Crikey’s business report card: balancing the books
Here is a wrap of how Crikey’s business predictions have panned out over the past 18 months. By Adam Schwab.
