Disgraced James Hardie directors, especially former chairperson, Meredith Hellicar, could be required to personally repay their legal and directors' fees.
During a bubble lots of things appear to make sense which in hindsight, are ludicrous. Like, median housing prices that are so high they are double US housing prices.
The publicly-listed life of one of Australia's more colourful entities, Village Roadshow, looks like it will be drawing to a close, writes Adam Schwab.
Falls in executive remuneration have not shown an especially close correlation to shareholder returns, but at least the runaway freight train of CEO pay has ground to a halt.
With residential property real estate bubble appearing to rapidly re-inflate, the focus has once again shifted to allegations of under-quoting.
As a treasurer, Wayne Swan makes a fine politician. In a free-market economy, it is not the role of the government to prop up over-priced assets -- especially an asset as critical to millions of Australians as housing, says Adam Schwab.
Trevor Rowe’s once stellar reputation appears to be in tatters, last week resigning from the board of the Queensland Investment Corporation and now from the board of the Australian Securities Exchange.
As if on cue, the “tanking” debate has arisen with vigor among AFL commentators and supporters as the home and away season draws to a close, writes Adam Schwab.
Directors are wantonly disregarding Corporations Act provisions and actively trading shares with inside information. A new report recommends civil penalities for spreading false rumours.
The NAB fee backdown is small consolation to bank customers who have been victim to one of the greatest corporate thefts over the past decade.