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.
ASIC yesterday launched a shock Federal Court bid to freeze the assets of failed ABC Learning Centres founder Eddy Groves and a key former associate.
Despite the Federal Government's gold handshake legislation merely giving shareholders the right to veto large payouts, CEOs were unimpressed.
Following an extensive nine-month process to sell itself, Asciano pulled out a proverbial rabbit last week when it announced a $2.35 billion underwritten capital raising to alleviate short-term debt concerns.
Two leading members of the business commentariat this morning defended the decision by the Commonwealth Bank to increase variable mortgage rates by 10 basis points earlier this week.
The likely decision to walk away from the ANZ chairmanship, one of the most sought-after boardroom roles, may signal the end for Eddington.
A research paper has rejected one of the great myths perpetuated by company directors -- that Australian executives need to be paid millions of dollars to prevent them from leaving.
When the First Home Owner's Grant falls away and if interest rates return to 7-8%, it is a more logical response that house prices will fall in the coming years, rather than rise.
The CBA home rate rise last week is typical of Australian banks' cartel behavior, but don't expect Rudd, Gillard and Swan to do anything about it, writes Adam Schwab.
The "independent expert report" is quite possible the greatest anachronism in modern finance and corporate governance, as has been neatly proven in the disaster which is Oxiana-Zinifex-Oz Minerals, writes Adam Schwab.
Two years on and the global financial crisis has claimed two major scalps -- corporate managers and equity investors.
