Austar believe so much in the company that now the shares have weakened, they are making the first in a controversial long term incentive program next Tuesday in cash, writes Glenn Dyer.
Business economy
Dyer’s Real Economy wrap: Grim news for German growth, Cruise industry sinking
What’s the German word for spin? … German growth looking grim … More deals for air travellers? … Cruise lines are sinking … Read the fine print on housing news … How do you solve a problem like Japan? … Chock biscuits sales fall, Big pizzas up … Oroton shows them how it’s done … CK suffers.
Morning market report
Marcus Padley reports on the highs and lows of today’s markets.
Equity raisings and the prisoner’s dilemma
That many equity raisings have proven disastrous for investors should not come as a surprise, writes Adam Schwab.
Memo to Kim Carr: stop dipping into taxpayers’ candy jar
When a business decides it’s time to go, there’s no point berating them or rashly and recklessly offering them suitcases of taxpayers’ dollars hoping to bribe them to stay, writes Greg Barns.
Peter Chernin’s golden (diamond-encrusted, platinum-gilded) parachute
Even Rupert may difficulty defending paying his COO remuneration of US$147 million, a termination payment of at least US$29 million and a six-year motion picture agreement while News Corp shares plummet, writes Adam Schwab.
Exception to the rule: Transurban CEO earns his keep
Chris Lynch has completed a remarkable transformation at toll road operator, Transurban since replacing Kim Edwards as CEO in April 2008, writes Adam Schwab.
Sharp rise in unemployment rate: labour market’s turning sour
You have to look through today’s confusing Labour Force figures from the Australian Bureau of Statistics to get a true sense of the worsening state of the labour market, writes Glenn Dyer.
The housing market is holding up. Shock
A striking thing about the flow of statistics this week is the continuing confidence people have in housing, writes Glenn Dyer.
How Australia can reclaim Rio and embrace the Chinese
Did Nambour High equip Kevin Rudd and Wayne Swan to deal with all this at once? asks Stephen Mayne.
The Australian economy is all over the shop
The scatty nature of the slowing Australian economy is showing up in the interim results from banks, retailers, media companies, property, building and some of our major global groups, writes Glenn Dyer.
SackWatch: Ninemsn… MacBank… Harvey Norman… GE…
Crikey’s SackWatch continues apace with a spate of sackings, disappointing employment data and job surveys upping the pressure on the Senate to pass Kevin Rudd’s $42 billion stimulus package, writes Andrew Crook.
Memo from the bright side: Sydney real estate is booming
Buyers are flooding back into the market in volumes greater than 2007 when the market peaked, writes Sydney estate agent Michael Chatfield.
Storm’s media blitz on Commonwealth
The co-founder of Storm Financial, Emmanuel Cassimatis, has launched a media blitz, blaming the Commonwealth Bank for panicking and causing Storm clients to lose hundreds of millions of dollars, writes James Thomson.
Thornley’s Better Place may be last year’s business model
Better Place can take solace from the fact local CEO Evan Thornley has plenty of experience in making millions from unsuccessful ventures, writes Adam Schwab.
The peddlers of recession p-rn
Barely a day has gone by without some bank, investment analyst, economics commentator or ratings agency offering their own special index of misery to illustrate just how stuffed we are, writes Bernard Keane.
CEOs: the poor little rich guys
The hidden villains of the market collapse, faceless company directors, are revolting, writes Adam Schwab.
Kohler: The broker who knew too much
Commonwealth Bank’s shambolic share placement raises two questions of substance, writes Alan Kohler.
Morning Market Report
Marcus Padley reports on the highs and lows of today’s markets.
Time for Collingwood to move on from Eddie McGuire
The Collingwood Football Club AGM at the MCG tonight should be an absolute belter, writes Stephen Mayne.
Morning Market Report
Marcus Padley reports on the highs and lows of today’s markets.
James Packer now half the man his father was
James Packer has 3.3 billion reasons to wish that 2008 would hurry up and finish, writes James Thomson.
US on the road to somewhere else
In the US, plunging car sales means fewer cars, less trips and less deaths on the nation’s roads, writes Glenn Dyer.
As Westpac’s share price drops, its directors demand more
The market crash has exposed a myriad of corporate governance failings but its hard to top the Westpac board for sheer audacity in seeking a 50% increase in directors’ fees, writes Adam Schwab.
