Asciano’s share price is now 86% less than its June 2007 peak, amid billions of dollars of losses. But the board has decided to not only extend the contract of CEO Mark Rowsthorn but also pay him a “one off” bonus of $900,000.
Toll Holdings
Business As Usual: Saving Gunns … billion dollar Toll … where you should live
Time for a bailout, there’s an election in Tasmania and one federally this year and the biggest flashpoint in the state is Gunns’ pulp mill. Plus, paying the toll at Toll and RBA watchers pay attention.
Morning Market Report: A turkey rally on Wall St
The Dow is up. Let’s talk turkey…
