Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

Stephen Mayne founded Crikey in February 2000, and has remained as a contributor since selling it in 2005. He’s a former political staffer and local government councillor who also pursues shareholder advocacy as a director of the Australian Shareholders’ Association and campaigns broadly for transparency and accountability across the media, business and political sectors.

Latest

After six long years… “good morning Mr Lowy”

May 3, 2007

It’s been six years since our last encounter but Frank Lowy was in fine form at the Westfield AGM in Sydney this morning as we jousted over a wide range of issues, writes Stephen Mayne.

Singapore owns more of Australia than Australia

May 2, 2007

Peter Costello was busy showing Lee Kuan Yew around Federal Parliament a few weeks back when the Singapore strongman was in town to pick up an honorary doctorate from ANU. The citation perhaps should have read: "For building the first sovereign state to own more Australian business assets than the Australian Government itself."

Deng’s vanishing profile will be Fairfax’s Jonestown fiasco

May 1, 2007

The decision by Fairfax to kill the 10,000-word profile of Wendi Deng by Eric Ellis has done some serious damage to the company’s reputation for fearless publishing.

Ready to shop: here comes the Singapore Government

May 1, 2007

Whilst the Howard Government still battles a negative net worth of about $15 billion, the tiny island state of Singapore will soon own more Australia assets than our Federal Government.

What’s driving BHP?

May 1, 2007

Australia’s biggest company, BHP Billiton, has never been overtly political. So what prompted yesterday’s unusual entry into the political debate?

APA bangs the drum as another 46m shares flee the Qantas offer

April 30, 2007

We’re into the final battle and Airline Partners Australia is seriously cranking up its campaign to secure control of Qantas on the cheap, but increasingly more investors are withdrawing their acceptances.

A farewell drink in London for the world’s oldest columnist

April 27, 2007

The world’s oldest columnist Philip Mayne was given a fitting send-off by family and friends on Monday at St Cuthberts parish church in Marton, near Middlesbrough.

Time for the Qantas board to revoke its takeover recommendation

April 20, 2007

The Qantas takeover bid is literally going backwards -- and so it should be given the unprecedented profit bonanza the airline is enjoying. Airlines Partners Australia today revealed that another 30 million shares have been withdrawn from the institutional acceptance facility, so its Qantas stake has fallen from 28.86% to 27.48%.

Let’s find Australia’s most inaccurate balance sheet

April 20, 2007

When you have a tiny stake in more than 200 listed companies, it becomes part of the daily routine to visit the PO Box and check out the daily deluge of correspondence. The most interesting items today were a typically miserable $4.22 dividend cheque from News Corp and the AMP and Alinta annual reports.

Allert not alarmed at AXA AGM

April 20, 2007

Coles chairman Rick Allert wasn’t acting like a man with the world on his shoulders yesterday when he put in a good performance chairing the Axa Asia Pacific Holdings Ltd AGM in Melbourne.

Super Thursday for shareholder meetings no cause for alarm

April 19, 2007

Today is easily the busiest day in this mini AGM season for all companies with 31 December balance dates, but Stephen Mayne missed his flight to Sydney.

Telstra chairman steps into the broadband breach

April 18, 2007

Telstra chairman Donald McGauchie fired up in a major way over broadband at an Alan Kohler facilitated lunch on the 17th floor of the RACV Club in Melbourne yesterday.

Ros Reines, Rene Rivkin and the $32,000 loan

April 18, 2007

The estate of Rene Rivkin is hopelessly insolvent and some of the paperwork being thrown up by bankruptcy trustee Anthony Warner makes for very interesting reading.

Magellan comes up trumps in $US25 billion Sallie Mae takeover

April 17, 2007

Magellan Financial Group's first major punt has paid off with controversial US student loans giant Sallie Mae set for a $US25 billion takeover by JP Morgan-Chase and two private equity firms.

Another profit upgrade for Qantas

April 13, 2007

As UBS Asset Management boss Paul Fiani contemplates whether to sell a 5% stake in Qantas to Airline Partners Australia, he’ll no doubt be interested by this morning’s profit upgrade from the UBS aviation analyst.

Does Alan Jones deserve a place in our licensed radio community?

April 13, 2007

Alan Jones once said of me, "People like Stephen Mayne don’t deserve a place in society". The shock jock clearly didn’t enjoy the campaign I waged a few years back against his cash for comment deals with various listed companies such as Qantas, Commonwealth Bank, Optus and IAG.

Another five rich listers missed by BRW

April 13, 2007

The unprecendented wealth being generated by the stockmarket boom will probably see a record number of new names make it onto the BRW Rich List when it comes out next month.

Stellar performance is no green light for poor pay practices

April 12, 2007

Legendary QBE Insurance chief executive Frank O’Halloran must be feeling a little aggrieved. The bloke has delivered sensational returns for his shareholders since the September 11 crisis and yet he still copped a big protest vote against his incentive package at last week’s AGM.

Singo and the Parrot spit it as ACMA spoils a potential pay day

April 12, 2007

Having recently bought 435 shares in Macquarie Radio Network at the relatively cheap price of $1.15-a-share, I was most disturbed to discover that ACMA’s guilt verdict against Alan Jones will cost the company "a tonne of money", writes Stephen Mayne. Controlling shareholder John Singleton made the disclosure in a rambling interview with The Australian in which he backed the Parrot’s vicious sprays against the broadcasting regulator.

Which company will become our first $100 share?

April 12, 2007

Four blue chip stocks are closing in on the magical $100 mark: Macquarie Bank, CSL, Rio Tinto and Perpetual. No stock has yet cracked $90 however.