Adam Schwab tallies the great snubs and flubs of the business world in 2017.
Behind the grounding of truck fleet Cootes was one of the worst floats in Australian history. The company's parent McAleese crashed on the sharemarket under former Asciano boss Mark Rowsthorn.
Each year, Crikey puts together a list of truly extraordinary business, political and legal performers.
It seems like the widespread criticism of Ralph Norris’ $16 million pay packet for 2010 is perhaps harsh -- in relative terms.
Asciano's share price is now 86% less than its June 2007 peak, amid billions of dollars of losses. But the board has decided to not only extend the contract of CEO Mark Rowsthorn but also pay him a "one off" bonus of $900,000.
While Australian stock markets rebounded with vigor, and property prices continued to bubble away, Crikey celebrates those who made it all possible, and made 2009 truly a year to remember.
In the past two decades, we've witnessed an almighty increase in executive remuneration, with even the GFC unable to dampen it. No better example is the case of the embattled Asciano and its CEO, Mark Rowsthorn.
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.