The numbers are in and it’s now official: 2008-09 was the worst profit season in Australian history. Who would have ever thought 14 different companies could lose more than $1 billion in a single financial year?
Centro properties
The Centro crack-up, one year on
It was a year ago this week that the credit crunch finally and conclusively bit Australian markets, writes Glenn Dyer.
MFS, Centro and Allco – the teetering trifecta
The teetering trifecta of MFS, Allco and Centro are continuing to provide plenty of action as they sink under a truckload of debt and the bad smell of destroyed reputations ,writes Stephen Mayne.
Lawyers the only winners in a Centro class action
As is becoming almost the rule following a corporate collapse or downfall, the class action crows are circling the squirming body of Centro Properties Group, hoping for a quick kill, writes Adam Schwab.
Centro proves Enron problems remain
The collapsed stock price of Centro Properties perfectly illustrates the toxic nexus that exists between management teams and the analysts whose job it is, at least in theory, to objectively assess their strategies and decisions, Greg Hoffman.
Putting the Centro chairman through his paces
Brian Healey has been the chairman of Centro Properties Group since 1993. As the man who hired CEO Andrew Scott back in 1997, he really should take a lot of responsibility for this week’s debacle, writes Stephen Mayne.
Gottliebsen: Centro’s structure in the spotlight
Make no mistake Centro is in trouble and needs friends, writes Business Spectator’s Robert Gottliebsen.
