Dec 18, 2013

Crikey Awards: the business winners and losers of 2013

The market conditions were better in 2013, so who made the most of it? And which chairmen and CEOs should hang their heads in shame? We name the best and worst in business.

Paddy Manning

Crikey business editor

With politics out of the way, let’s get down to business. As the economy continued to recover, who made the most of it in 2013? And who has angered shareholders the most? The envelopes, please …

Best ASX performer: REA Group

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6 thoughts on “Crikey Awards: the business winners and losers of 2013

  1. zut alors

    Agree 100% with the best and worst CEO choices.

    Zahra was the quiet achiever, he went about business without exhibiting arrogance or self-importance. And the shareholders benefitted. Unlike…

  2. paddy

    I suspect, in retrospect, Kevin McCann will look back and think he’s timed his exit perfectly.
    Even if Origin’s CSG projects all go swimmingly,the *real* future is in renewables. Grant King seems to have bet the farm on CSG and spouted greenwash on the rest. (Hope I’m wrong on this.)

    Totally agree about the NBN we’re not getting.
    That’s the most serious piece of vandalism the Abbott Govt has committed to date.

  3. David Hand

    You’re going to get what you want in the NBN under Turnbull.

    FTTP is being rolled out sensibly, efficiently, in the order of most need and not in a mad rush.

    Of course we will get FTTP eventually but without an $80bn millstone round taxpayers’ necks.

  4. Chris Hartwell

    False David – we will have FTTN rolled out. Abbott has repeatedly pushed this, the NBNCo strategic review has pushed this (after backflipping) and while Turnbull seems receptive to doing it correctly, I can only imagine he would change tack now if he were guaranteed of taking Abbott’s spot as Party Leader.

    Five years from now when what will mournfully called the NBN well and truly cannot meet
    demand, it will be accepted that it will need to be upgraded again, at nearly equivalent cost of simply doing it right the first time. By this time Labor will likely be at the helm again, and will once again be raked over the coals for being addicted to spending.

  5. zut alors

    My suburb has fibreoptic, our download speeds are approx 100 Mbps. Some visitors from Sweden were residing in the area for several months and, unaware we enjoy the fastest internet connection available, commented how slow it is in comparison to their homeland.

    Would be embarrassed to hear their critique once they’d used Turnbull’s copper and struggled to get 25Mbps – on a good day.

  6. David Hand

    Not false Chris.
    FTTN will come first. The good commercial aspect of FTTN is that it can be extended the last Km when demand is there.

    This is rolling it out “not in a mad rush, but rolled out sensibly and efficiently in order of greatest need ”.

    FTTP will come straight away for businesses, schools, hospitals etc that need the bandwidth.
    Householders will take 5 minutes instead of 1 minute to download their movies.

    5 years from now we won’t have FTTP unless it is needed to meet demand. If so, it will make commercial sense and be built.

    If this $80bn is so vital to spend now, can you tell us what application it will serve and what needs it will meet? Take up rates where it has been done don’t indicate a present need.

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