Leighton Holdings’ shareholders were only interested in one thing at Friday’s AGM. If losing one chief executive is a misfortune; to lose both looks like carelessness — and had they been paid the money?
Leighton Holdings
Two strikes rule makes for a most interesting AGM season
The problem when it comes to executive remuneration, explains Margot Saville in her account of Friday’s Leighton Holdings AGM today, is that we’re suffering from Lizard Brain.
For Wal King, the $23.9 million golden handshake
In the ultimate slap in the face to long-suffering shareholders, the Leighton board has handed former CEO Wal King one of the largest ever golden handshakes in Australian corporate history.
Gottliebsen: Leighton’s divisions are adding up
If it gets to court, the pending Leighton shareholder case claiming damages for the non-disclosure of losses by Leighton will dig deep into boardroom politics and the tribal nature of the Leighton company, writes Robert Gottliebsen, of Business Spectator
King-Leighton soap opera plays its last episode
Former Leighton Holdings CEO Wal King has announced that he was not offered, nor is he seeking a role on the Leighton board.
Will Spanish soccer chief back Wal King at Leighton?
A story out of Spain could have big implications here for Leighton Holdings.
After $50m in pay, how do we define Wal King’s legacy?
Leighton Holdings this morning announced it would write down more $1.14 billion from the value of its assets. So what role did boss Wal King play?
Leighton’s King gets an anything but run of the $mil payout
Wal King, the man who guided Leighton Holdings since 1987, is leaving … but will certainly not be leaving empty handed.
A King’s ransom for Wal, even as Leighton’s fortunes fall
Since being appointed CEO in 1987, Wal King has been one of Australia’s best-performing CEOs, drawing remarkable returns for Leighton. It’s also made King exceedingly rich.
Sydney airport owner on the back foot over float
One of the part-owners of Sydney Airport, German construction group Hochtief, has been forced into an embarrassing backdown on plans to part float its infrastructure arm on German markets.
Wal’s still the King of the heap when it comes to pay
Wal King recently gave a spray about the ridiculously high salaries received by CEOs. Maybe he should be looking at his own pay packet — $29 million since 2008, nearly all cash — before casting stones.
Leighton CEO King of the heap on vulgar pay rich list
As the final annual reports trickle in, the truly horrific picture of just how much Australia’s richest CEOs were paid last year is being fully revealed.
Barry O’Farrell sticks his neck out on donations reform
Barry O’Farrell has stuck his neck out on political donations reform, lobbyist activities and election expenditure in an attempt to make ground on Premier Rees. But his own political fundraising is under question, writes Lee Rhiannon.
Morning Market Report: Strong end to a strong week
The market closed te week on a high note — up 58, while Wall St closed up 36.
Onerous at the top: executive pay still on the up and up
Falls in executive remuneration have not shown an especially close correlation to shareholder returns, but at least the runaway freight train of CEO pay has ground to a halt.
Morning Market Report: A nice market rebound
A nice rebound today, writes Marcus Padley.
Leighton bitten by corporate idol worship
Former market darling Leighton Holdings has been forced into its second profit downgrade in the space of five months, writes Adam Schwab.
Corporate carnage continues across Australia
The wheels are fast falling off some of Australia’s industrial success stories of the past decade.
Leighton’s King losing his crown
Leighton’s performance proves that a high profile, dominant and extraordinarily well-paid CEO is more likely to lead to extraordinarily poor shareholder returns, writes Adam Schwab.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Property developers: a political party’s best friend
Property developers and development companies are public spirited fellows. In 2007-07 they provided $5.1 million of the $13.9 million which AEC figures show was donated to the three major political parties, writes Richard Farmer.
