The attacks on proxy advisers stepped up once more last week after two corporate partners from law-firm Mallesons penned an op-ed piece in the Financial Review.
Mfs
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.
Residential property: bubble, bubble, toil and trouble
Property is a slowly moving beast, but as Japanese and American home owners found it, is can be quite a terrifying one as well.
The Monomeath curse strikes on Hedges Avenue
It appears that Monomeath Avenue is being challenged as Australia’s most cursed promenade by Queensland’s most expensive street — Hedges Avenue in Mermaid Beach, writes Adam Schwab.
ASIC takes a serious swing at MFS
Perhaps stung by public criticism that it hasn’t done enough to prevent and prosecute corporate fraud, ASIC has launched a second action in as many weeks, announcing a civil claim against various directors of collapsed fund manager MFS.
Macquarie Airports’ mid-air collision
Looking at the gruesome scene evolving at Macquarie Airports Group is not altogether different from driving past a multi-car pile up, with the unit holders playing the crash victim roles.
MFS directors get back on the gravy train
Former directors of the failed fund manager MFS continue to provide financial advice to clients of the financial planning firm Avenue Capital Management.
Crikey roll call: the GFC’s corporate casualties
Two years on and the global financial crisis has claimed two major scalps — corporate managers and equity investors.
Briefly Business: Octaviar, Just, hooking for gas
Now, or later, or never … Not fair nor reasonble, nor Just … Take with one hand take with the other … Rising oil prices lead to rise in self-employment.
Briefly Business: MFS/Octaviar, MYOB, oil prices
Scott gone, but still no investigation into MFS … MYOB still slumping … New drilling won’t cut oil prices … Millionaires top 10 million.
Plus ca change: Conflicts continue at Octaviar
Technicalities aside, it certainly doesn’t look good to see Octaviar (MFS) quickly selling off a major asset to a company which is closely associated with its major shareholder and executive director, writes Adam Schwab.
MFS financials are a shambles … surprise!
MFS’s financials are a compete shambles. The company burnt cash like a dot.com during the December half, writes Adam Schwab.
Briefly Business: Qantas boosts fares as oil closes in on $US120 a barrel
Dixon spinning as Qantas boosts fares … Oil close to US120 a barrel on Scottish strike … BMW starting to feel the pinch … MFS fiasco rolls on … Another US airline goes bust.
Tips and rumours
Boeing strike: will all 700 workers lose their jobs? According to one of the many striking workers unhappy with the unions actions at the Boeing site in Port Melbourne, American contractors were told to pack their bags yesterday and head for the US - the suspicion is that Boeing is planning to close down their […]
Tips and rumours
In the wake of huge losses by MFS shareholders, and job losses at MFS itself, what does the company do? It buys a corporate box at Suncorp Stadium of course. How indulgent. The illustrious leader of the Victorian ALP, Stephen Newnham, sent a begging letter to some hapless members last week about the Gippsland by-election […]
MFS faces liquidation as Chris Scott returns to the fold
You’ve got to hand it to S8 founder Chris Scott - the man certainly has guts, writes Adam Schwab.
Who’d be a spinner for ANZ, ASX or MFS?
The world of the inhouse corporate spindoctor has never been an easy one but spare a thought for those responsible for media relations at three poisonous acronyms: ASX, ANZ and MFS, writes Stephen Mayne.
What a difference a vowel makes: Opis Capital in damage control
Opis Capital, the unfortunately named Melbourne fund manager, is scrambling to dissociate itself from the Opes Prime disaster, writes Michael Feller.
Avenue’s conflicted connection to troubled MFS
There seems to be a double dose of clumsiness and conflict permeating the MFS Premium Income debacle, writes Adam Schwab.
A Friday cocktail of greed, incompetence and cynicism
When historians look back on the great credit and sharemarket bust of 2007-08, last Friday will rate as one of the most interesting days, writes Stephen Mayne.
Andrew Peacock and the political art of compromise
Andrew Peacock’s political skills were clearly in evidence in yesterday’s compromise to allow Chris Scott to join the MFS board, writes Stephen Mayne.
Tips and rumours
There will be a reshuffle in the NSW cabinet in the next two weeks to try and ensure the power sell off and right wing elevations. The key move will be Frank Sartor to be moved from Planning. Regarding Underbelly - I wouldn’t necessarily be looking at Channel Nine for the leaker. Episodes are going to […]
Getting to the bottom of KPMG’s involvement in MFS disaster
The shambles at MFS continue with MFS Investment Management sending a letter to unit-holders in the company’s Premium Income Fund informing them that they will no longer receive interest payments, writes Adam Schwab.
Putting the Kooyong Colt through his AGM paces
These are exciting times for a shareholder activist and yesterday’s opportunity to put Andrew Peacock, the new chairman of colourful Gold Coast property dealmakers MFS, through his paces proved most rewarding, writes Stephen Mayne.
