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Follow Crikey’s latest coverage of Frank Lowy. Crikey’s Frank Lowy coverage includes independent news, blogs and commentary.


Companies for old men: the codgers who refuse to let go of their boards

Is it ageist to suggest companies might be better off electing at least a few younger faces to their boards? You know, so we don’t have quite so many executives dying on the job …

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Who’s who on the Rich List?

Fairfax’s annual Rich List came out last week, but who’s on it? Where did they make their money? And is there any threat to Gina’s crown? Infographic specialist Jake Stevens breaks it down.

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Mayne: why last week’s vote on Westfield (and Lowy) should stand

Westfield Retail Trust heads to court today. Here’s the case for why the process is all wrong.

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Crikey Clarifier: Lowy loses, so what now for Westfield?

Yesterday was a rough day for Australia’s second-richest man, with the future of his shopping centre empire uncertain.

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Westfield fate to go down to the wire

Westfield’s proposed restructure will be decided by unitholders this afternoon, with founder Frank Lowy saying the vote could go either way.

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Reward for labour? Westfield boys should be docked — here’s how

The Lowys say they’ve deserved their $300 million in cash over two decades to run Westfield. Shareholders might disagree, and there’s a course of action if they do.

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Murdochs, Packers and Lowys take different paths to power and wealth

The Murdochs, Packers and Lowys were once the wealthiest families in Australia. The mining boom gave rise to the likes of Gina Rinehart and Clive Palmer, who exercise their power in very different ways.

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Are the Lowys worth their $300m salaries?

The Lowy family still continue to draw millions from Westfield, which is extraordinary. But now shareholders are thinking about putting a stop to it.

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Why the Grollo business is a smooth operation

If anyone wants a textbook example of how to run a succession strategy, they should look to Melbourne property developer Bruno Grollo.

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Rich List preview: final figure matters little, Gina’s so far ahead

Total wealth — which hit $167 billion last year — is still likely to rise thanks to one person: Gina Rinehart, whose fortune will climb by at least $8 billion and as much as $11 billion, depending on BRW’s final valuation.

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Mayne: why Fairfax should tell Gina to wait 56 years

As the Fairfax Media board ponders how to respond to Gina Rinehart’s request for a board seat, maybe it should consider suggesting she wait another 56 years.

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THE POWER INDEX | LINKS|

Frank Lowy — a powerful businessman with foreign policy influence

When it comes to foreign policy, shopping king Frank Lowy has more sway than the rest of Australia’s mega-rich combined, writes Paul Barry.

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Follow the Power: big dollars for new NGV boss … footy billionaire soapie … Conroy smiles …

Frank Lowy hits back at Clive Palmer, Stephen Conroy gets a win, art world salaries ramp up and Clover Moore could be up against US-style primaries. Here’s a run-down of today’s power moves by Angela Priestley.

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It’s a big if, but Gina Rinehart could set Fairfax agenda

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.

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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?

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THE POWER INDEX | COMPANIES|

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Womens Agenda

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