While the Productivity Commission report was not without merit, when it comes to actually curbing runaway pay, it will be of little or no effect, writes Adam Schwab.
BHP Billiton
Mayne: Women directors not up to the job, says Chaney
It’s time to shame Australia’s corporate boardrooms into action on female representation: there is now a need for legislation, regulation and direct action.
Mayne: Paid journalists’ session improves NAB AGM
The National Australia Bank went into uncharted waters at yesterday’s AGM in Brisbane, by paying journalists to conduct a 50-minute pre-meeting discussion with chairman Michael Chaney and CEO Cameron Clyne.
AGMs: let the minutes show it’s a last-minute thing
It’s a peak time for companies large and small to hold meetings, with Harvey Norman, Goodman Group and Valad Group taking their good time to get their AGMs organised.
Political snippets: Two sides can blackmail
Tony Abbott, Nick Minchin et al are threatening their colleagues with the virtual destruction of the Liberal Party unless they get their own way, but will it work?
Morning Market Report: Market up as golden streak continues
Market, Dow up as AGMs are help all round.
Why did BHP and Rio Tinto scrap the WA iron ore joint venture?
Why did BHP Billiton and Rio Tinto scrap their plans to jointly market iron ore from the joint venture between their huge iron ore mines in the Pilbara region? Did negotiations with Chinese mills affect it?
China’s ore tactics eroded from within
China’s attempts to try and crack the iron ore producers is being undermined by soaring world prices, says Glenn Dyer.
Sackwatch 12: Unemployment figures may be staying put for a while…
Crikey continues to track the job-loss carnage.
SackWatch 11: the shutters come down
Unemployment data released this morning has confirmed the suspicion among economists that the April jobless figure was a blip on the radar.
Coverage skips the conflict in the BHP/Rio marriage
Significant issues have been overlooked in the gushy coverage of the BHP/Rio iron-ore joint venture, writes Glenn Dyer.
Rio-BHP carve up isn’t iron-clad just yet
Rio Tinto and BHP Billiton are optimistic if they think their iron ore joint venture will pass muster at the European Commission, writes Glenn Dyer.
Morning Market Report: Chinalco deal off — BHP deal on
The Chinalco deal backflip is the big story of the day, while the market is up 54.
Chinalco’s $19.5bn backflip
Chinalco is set to walk away from a $19.5bn deal with Rio Tinto after weeks of wrangling over the terms of the transaction, and are now considering a joint venture with rival BHP Billiton.
Rio-BHP in Pilbara iron ore tie-up
BHP Billiton and Rio Tinto have decided to pool their Pilbara iron ore assets, spurning state-owned metals monopolist Chinalco.
Chinese ore glut bad news for Canberra
There are signs of growing Chinese Government unease at an oversupply situation developing in the politically and economically sensitive steel sector.
Steelmakers brace for inferno ahead
The Australian and world steel industries are struggling as demand continues to weaken.
Secret Beijing voting business saves Sir Rod
Rio Tinto’s AGM in Sydney on Monday is all about treating small shareholders with utter contempt.
Morning Market Report: BEN gets crushed
Bendigo and Adelaide Bank (BEN) getting smashed after releasing its Trading Update.
Morning Market Report: OZ Minerals bid from China Minmetals blocked
Market Down 51, the Dow down 147 and BHP in the news. Marcus Padley reports on the highs and lows of today’s markets.
The destruction of Australia’s most productive food bowl
Australia’s most productive agricultural region, the Liverpool Plains in North-West NSW, is under siege from BHP Billiton and coal and gas companies, writes Rosemary Nankivell.
