Dec 22, 2017

The 2017 Crikeys: the best and worst of Aussie business

Adam Schwab tallies the great snubs and flubs of the business world in 2017.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

Welcome to the best, worst and just downright embarrassing of Australia’s business world in 2017.

Trade of the year

While plenty of people made a fortune speculating on Bitcoin and Amazon, our trade of the year goes to Sydney-based investing guru John Hempton. Hempton took a repeated, very public position against US drug-maker Valeant Pharmaceuticals. Hempton held the position for three years while Valeant’s price continued to rise and US hedge fund figure, Bill Ackman (who was supporting Valeant) described him as “certifiably crazy”.

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5 thoughts on “The 2017 Crikeys: the best and worst of Aussie business

  1. Peter Wileman

    As if I’m not depressed enough by our dreary, self serving, parasitic politicians, you add further grist for the mill.

  2. AR

    The ‘independent & robust’ whitewash of the “systematic fraud and misconduct” CBA may have claimed that there were no “systemic issues” but, apart from the usual piper’s salary that would be because in such gouging was not a failure but a feature.

  3. George

    Self serving politicians aiding and abetting self serving business executives and their (ex-politician) spokespeople while real people (I refuse to use the phrase ‘ordinary people’) get repeatedly done over with stagnant wages (at best) or underpayment that should ‘incentivise’ them to perform better. Welcome to the lucky country, then again we could be in fantasy land, whoops, the U.S.A.

  4. Hoojakafoopy

    Regurgitated tweets rewarded with regurgitated nuggets..

  5. IanG

    Well done Deloites – how much did they make for their “independent and robust” effort?

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