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.
The emerging stoush between the Australian Tax Office and the former private equity owners of Myer should warm the cockles of the hearts of every long-suffering Australian taxpayer.
Elite students are turning away from the once-prestigious Melbourne University law school in droves, shunning the Melbourne Model in favour of not only long-time rival Monash, but also RMIT and Deakin University.
The likes of the Business Council of Australia and Australian Institute of Company Directors need not be too concerned about the "two strikes" rule -- David Coe and RHG just proved as much.
Yesterday, it was the turn of share registry Computershare to feel the brunt of shareholder anger, with its plan to grant 1.4 million options to selected executives supported by only 38% of proxy votes received.
The Financial Review today produced its annual salary review for 2009 and it appears that despite claims to the contrary, there is a significant disconnect between executive remuneration and shareholder return, writes Adam Schwab.
Investors are continuing to vent their anger at executives and directors' salaries, with shareholders in mining company Western Areas last week revolting over lucrative remuneration arrangements granted to directors.
Wal King recently gave a spray about the ridiculously high salaries received by CEOs. Maybe he should be looking at his own pay packet -- $29 million since 2008, nearly all cash -- before casting stones.
The ABS, Australian Property Monitors and RP Data are all indicating that Australian residential property prices are nearing or exceeding record levels, spurred by continued use of debt by many buyers to fund the great Australian dream.
Perhaps stung by public criticism that it hasn’t done enough to prevent and prosecute corporate fraud, ASIC has launched a second action in as many weeks, announcing a civil claim against various directors of collapsed fund manager MFS.
Apparently, the Chinese, not always known for their investing expertise have been "single-handedly been responsible" for Melbourne’s recent home price inflation -- at least according to one real estate agent.
