Clive Palmer keeps his legal record clean. Maverick miner Clive Palmer has retained his self-proclaimed unblemished legal record this week by settling his dispute with Hyatt out of court.
Palmer reached a multimillion-dollar settlement with the hotel management chain late yesterday, and will pay an undisclosed sum to have Hyatt management removed from its involvement in his Coolum resort and golf course on the Sunshine Coast.
He’s also changed his tune on the work carried out by the Hyatt managers at the resort and, for the first time in a long time, has had something positive to say. “The excellent standard of service to the guests at Coolum stands as a fine example of what the Hyatt group can deliver,” he said in a statement released by Hyatt last night.
That makes it a perfect 69 legal wins from a possible 69 according to Palmer’s own track record. Depending, of course, on what you consider a legal win.
Get Crikey FREE to your inbox every weekday morning with the Crikey Worm.
Invite of the year: festival of Lindsay Fox. He’s calling it a party, but we reckon Lindsay Fox’s upcoming three-day birthday bash sounds more like a festival, and it will be the hottest ticket in town.
Fox turns 75 on April 19 and to celebrate the transport tycoon will host the three-day affair with 200 of his closest family and friends bunking down at the Park Hyatt hotel in Melbourne, according to the Herald Sun. James Packer’s invited, as is Solomon Lew and Lloyd Williams.
Fox also held a three-day affair for his 70th birthday, and later told Andrew Denton it was akin to a “reverse wake”, given he never thought he’d “get anything past 62”. “Some tables there were people that were extremely wealthy, sitting alongside of people that had nothing, but the common denominator was the environment to which they were in. It was very special,” Fox said about the event.
Back in 2007, Sunday Telegraph gossiper Ros Reines estimated that party to have cost at least $1.15 million. Fox has doubled his wealth since then, according the BRW Rich List, so he could well be on track to play host to one of the most extravagant parties in recent memory.
Mac Bank Martin Place warriors hold ground. It’ll be a short stroll down the road for the staff of Macquarie Bank to relocate to their new money factory. The move will see the bankers of the Silver Donut retain their status as the “Masters of Martin Place”, with the bank forking out $150 million for the historic Commonwealth Bank of Australia building at 48 Martin Place.
The Australian Financial Review reports that the Mac Bank logo will start appearing on the 1920s building from late 2014. The move means the bank will be downsizing from 40,000 square metres to about 25,000. A sign of staffing changes to come?
‘Very bad’ carbon tax: David Murray. Outgoing Future Fund boss David Murray sure knows how to slam the door on his way out. Preparing to pack up his office to make way for Sydney businessman David Gonski to take over as head of the fund next month, Murray decided it was time to say what he really thinks about the Labor government’s policy making.
He told ABC’s RN this morning that the carbon tax is “the worst piece of economic reform I have ever seen in my life”. “The consequence of introducing that tax at that level in Australia today is very, very bad for this economy, particularly in terms of international competitiveness,” he said.
Murray has previously questioned whether carbon dioxide emissions cause climate change.