There never has been, and is never likely to be, a rule that says someone who owns a company is not entitled to run it as she sees fit, within the limits of the law.
Frank Lowy
The billion dollar blues: how the GFC hit our richest
The 2007 BRW Rich 200 list represented a high water mark for many of Australia’s best-known entrepreneurs. So how far have they fallen post-GFC?
The billionaire businessman and soccer saviour
Frank Lowy is widely seen as the man who fixed the mess that was Australian soccer. Yet his power could be on the wane, particularly if increasing calls to oust him come to fruition, explains Tom Cowie in his profile of Lowy.
The Power Index: Yabsley says ‘ban political donations’
Former Liberal Party treasurer Michael Yabsley, who has raised millions of dollars to fund Liberal election campaigns, has called for a complete ban on political donations by big business, trade unions and property developers.
The patchwork Rich List: Gina’s on top, but non-miners a drag
On the surface, the headline numbers from the BRW Rich 200 list look impressive. But the bulk of the $31 billion increase in total wealth was generated by a handful of people.
Our filthy rich miners — and the new $10b Aussie
This year, the top of the rich list — like the rest of the Australian economy — will be transformed by the resources sector.
CEOs … just when does the use-by date kick in?
One of the most vexed questions in high-level corporate decision making is when is the appropriate time for a successful executive to retire or resign.
Westfield changes aimed at heading off AGM revolt
Westfield boss Frank Lowy yesterday agreed to surrender his $41,000-a-day salary in a shrewd piece of juggling.
World Cup: Australia’s World Cup bid roo-ted by ham-fisted schmaltz
The Australian advertising and creative community is recoiling in horror over the nation’s video pitch for the 2022 World Cup.
Friends fall out as DFO teeters on the edge of collapse
The competition czar losing a majority of his family fortune, two rich listers going down, a bunch of political heavies in the mix — welcome to the troubles of DFO.
Our wealthy magnificent seven are more take than give
Not only do Australia’s rich give away a relatively small proportion of their wealth — but when they do, the donations are often made in unusual circumstances by businessmen with chequered histories.
World Cup: Frank Lowy spitting chips over FIFA scoop
Australia’s richest man, Westfield shopping king Frank Lowy, has been ringing members of the Fairfax Board in a rage over The Age newspaper’s coverage of the Football Federation of Australia’s bid to host the 2022 World Cup.
World Cup: At the World Cup’s dawn, Australia’s own bid is in turmoil
Asian Football Confederation President Mohamed Bin Hammam has thrown his weight for a European nation to host the 2018 World Cup — at the expense of Australia, writes Matthew Hall.
Frank Lowy and Max the Axe joust at Sydney AGMs
The mini AGM season officially finishes on Monday and there was a flurry of activity in Sydney yesterday, with Stephen Mayne running between the Westfield and MAP Group AGMs.
Foster’s investors say cheers to beer-wine split
The decision to split Foster’s beer and wine businesses is a rare piece of good news for investors in the company, who have witnessed precious little capital growth for the best part of a decade.
Putting the boot into Aussie soccer
Just a few years ago the Socceroos were the darlings of the Australian sporting world, now Australia’s bid for the 2022 World Cup is at risk, Frank Lowy’s FFA is in trouble and the likelihood of success in South Africa is slim.
Business As Usual: Westfield’s woes … Greeks falling behind … the dumped CEO
Frank Lowy owes Australians a lot for keeping his shopping centre giant Westfield afloat in 2009. That, plus the latest economic news from Greece and China in today’s business briefs.
Aussie bankers doing fee-nominally well
Executives at our biggest banks continue to enjoy a myriad benefits, the Big Four being among the most generous remunerators of executives in business. But lower-paid workers have not been so lucky.
How Australia’s richest got their start
A look at how some of Australia’s richest businesspeople earned their first bucks: Frank Lowy drove trucks, Gerry Harvey sold vacuums door-to-door and Kerry Stokes picked grapes.
Top executive earners: pay for performance a myth
The Financial Review today produced its annual salary review for 2009 and it appears that despite claims to the contrary, there is a significant disconnect between executive remuneration and shareholder return, writes Adam Schwab.
Why Frank Lowy still calls Australia home
Of all the companies to have benefited from the Government’s stimulus spending packages, Westfield stands out, with Rudd’s cash splashes helping it to ride out slumps in the US and UK.
The Lowy down on why Rudd Labor just loves the round ball code
It’s always unwise to get between an Australian politician and some sportsmen.
BRW’s rich listers lose $25b; still way richer than you
As a group, it seems that the members of the Rich 200 have outperformed the ordinary investor to an impressive degree, writes James Thomson.
BRW Rich List 200: a sneak peek
On Thursday, BRW magazine will release its annual Rich 200 edition, which promises to be one of most fascinating in years. James Thomson provides a sneak peak.
Lowy’s inner circle celebrates Ruddism
It was a glittering group in Sydney last night who paid tribute to Frank Lowy, the Westfield shopping mall king, a writes Glenn Dyer.
