If we’ve learnt anything from the spate of corporate collapses this year, it’s that rhetoric and the real economy can be poles apart, writes Andrew Crook.
Phil green
The Green brothers: a tale of greed and envy
Only last year, Phil Green was worth more than $500 million. Now, he has been pushed from his role as CEO and his wealth is probably less than $50 million, subject to debt, writes Adam Schwab.
Nosworthy gets a promotion as Phil Green departs
Babcock & Brown stalwart Elizabeth Nosworthy has been promoted to chairperson of the struggling investment bank, writes Adam Schwab.
Babcock shuffles the deck chairs as shares plummet
Which suits play where doesn’t really matter too much when you’re dealing with $50 billion in debt and a crisis of investor confidence, writes Stephen Mayne.
B&B Wind directors buffeted by the storm
How bemusing that Phil Green’s Babcock and Brown has suddenly found the idea of independent chairmen such a good idea, writes Michael Pascoe.
Time for Babcock & Brown to sack Phil Green
Babcock & Brown boss Phil Green has just replaced Eddie Groves as “Australia’s most sackable CEO”, although with ABC Learning shares falling to a new record low of just 93c this morning, both should be fired forthwith, writes Stephen Mayne.
Babcock and Brown Power blacks out
Could Babcock and Brown Power be the second of its investment offshoots to be “rescued” or bailed out? Glenn Dyer writes.
A 211-page report? What does Babcock & Brown have to hide?
It’s often a fair assumption that the longer the Annual Report, the more the company wants to hide the nasty stuff, writes Adam Schwab.
Babcock’s desperate $220m share placement
There is an awful lot of aggressive spinning going on as debt-laden companies battle the new reality of the global credit crunch, writes Stephen Mayne.
