Many of the leading directors who signed off on some of the decade’s worst deals still remarkably remain leading corporate figures.
Coles Myer
Myer float damns former management
This is a continuing and dreadful indictment of the former leadership of Myer and its parent company Coles Myer, writes Rob Lake.
Petrol pricing move likely to backfire on the major retailers
Whilst shopper docket schemes at Coles and Woolworths have been considered pro-competitive up to now, the ACCC are now looking a bit more closely.
Are you being sacked? Myer’s cost-cutting casualties
The roots of the current Myer staffing crisis have a long history in the soulless managerialism that has infested this once proud family firm, writes Andrew Crook.
Shock. Horror. Australian to run top 10 company
The biggest shock in this morning’s CEO succession announcement from NAB was that an Australian has elevated to the top position, writes Stephen Mayne.
Deeper and deeper: the Coles Centro connection
As Centro implodes a point to keep in mind is the already remarked upon Coles Myer influence in the company. There are some interesting links around a former senior Coles Myer executive and the Centro CEO, Andrew Scott, writes Glenn Dyer.
From Yannon, to meat deals – meet the Scott brothers
Way back in the late 1980s, a fiery red-head called Andrew Scott was a loyal treasury minion of then Coles Myer finance director John Barner. Scott would later rise to become the retailing giant’s property chief before leaving in 1997 for Centro Properties, whilst Barner was fired in disgrace in 1993.
How the big boys ran, hid and were protected at the AFIC AGM
The old boys network is alive and well in Melbourne if yesterday’s annual meeting of AFIC, the $6 billion JB Were-affiliated listed investment company, is any guide, writes Stephen Mayne.
Can Wesfarmers do a Myer with Coles?
Is the latest word on Coles and Wesfarmers a message from Cassandra (whose prophesy was correct, but was not believed) or Jonah (who got one right, was believed, then got one wrong)? asks retail commentator Rob Lake.
Good prospects for Coles sale, but no private equity fairytale
While leverage and supply chain improvements may make the purchase of Coles at a price of around $17.00 per share an astute deal, it looks very unlikely to be anything like the private equity fairytale that Myer has become.
