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.
Earlier this week Qantas confessed to shareholders it paid former CEO Geoff Dixon $10.7 million for five months work. Not only were the payments extremely high, they were also largely unwarranted.
Looking at the gruesome scene evolving at Macquarie Airports Group is not altogether different from driving past a multi-car pile up, with the unit holders playing the crash victim roles.
For eight years, former Qantas CEO Geoff Dixon was the highest paid airline executive in the world, despite a pretty mediocre performance in the job. The irony hasn't been lost on the company's embattled workforce.
The causes of Australia's ever-inflating housing bubble are many but one hasn't received a lot of attention: the influence of overseas buyers since the government relaxed its foreign property investment rules.
The rise of buyer's advocates has coincided with the continued inflation of Australia’s residential housing bubble. Why is this happening?
The most obvious problem with the first-home-owner's grant is that it doesn’t actually benefit home buyers, since most recipients of the grant will probably be in competition with each other.
The world is only slowly emerging from a deep recession, but the bank balances of BHP senior executives have not been too badly hurt.
The federal government introduced a Bill seeking to limit executive termination payments to one year’s fixed salary. But in a move that's commercially, morally and politically indefensible, the Libs have opposed it.
Despite the claims of many, the recent crisis was not the fault of the free market -- that is largely because problems were caused where the market was not free at all.
Part of the reason that executives are paid so much is because of their ability to make their jobs sound far more complicated and difficult than they actually are.
