Adam Schwab
Adam Schwab is a commentator, business director, and the co-founder of LuxuryEscapes.com. He is also the author of Pigs at the Trough: Lessons from Australia’s Decade of Corporate Greed.
It has taken more than a decade but finally, a serious Australian legal action has been launched against 12 of Australia’s largest financial institutions for alleged fee gouging.
Will the latest proposed bail-out solve Euro debt worries? Only if you believe in fairy tales, like the one about the country that thought it could solve a debt problem by borrowing (or, heaven forbid, printing) more money.
If the first step to rehabilitation is admitting one has a problem, the Greeks seem to be closer to debt overdose than coming clean.
Kevin Rudd is learning a difficult lesson, not only politics, but in popularity. That is: if you try too hard to be liked, you almost certainly won’t be.
It appears that Macquarie Bank directors have short memories -- barely a year since the credit crunch caused turmoil in financial markets, money again is being spread around the executive suite at Martin Place with gay abandon.
While the real estate industry and its dependents continue to trump residential property as an investment, many Australians are becoming increasingly frustrated with a growing lack of affordability of capital city housing.
The attacks on proxy advisers stepped up once more last week after two corporate partners from law-firm Mallesons penned an op-ed piece in the Financial Review.
Kerry Stokes is this morning savoring victory in the heated Seven-WesTrac merger, with 88% of shareholders voting in favour of the deal. But a substantial number of retail shareholders remain unconvinced.
The long-awaited response to the Productivity Commission’s report on executive pay has been released. It includes a "bonus claw-back" rule, which would allow for the recovery of bonuses paid to executives who provided misleading financial information.
Goldman shares plummeted after the SEC case announced, with more than US$10 billion being wiped from the bank’s market value. It could become a criminal investigation if proof emerges that the bank intended to defraud investors.
