Managerial militia in Dick Smith war zone
Any remaining veneer of a collegiate-like board and management at Dick Smith during the past 18 months of its corporate life has been revealed as a myth. It sounds more like a factional war zone.The NSW Supreme Court heard on Monday that the chairman, Rob Murray, saw departure of former director Bill Wavish – whose private equity firm Anchorage sold Dick Smith into a public float – was a blessing because of the negative aspects of Wavish's "leadership and behaviour". More Business V..>> view originalAustralia's biggest private equity deal of the year
SAI Global CEO Peter Mullins (left) and chairman Andrew Dutton. Peter Braig Private equity interest from Asia in Australian companies is accelerating, with Baring Asia Private Equity making a $1.1 billion takeover bid for quality assurance and risk management firm SAI Global, which has secured backing from the board and major shareholders.The all-cash offer of $4.75 per share means Baring Asia is set to cement its first deal in Australia, addin..>> view originalUS Presidential election 2016: Four tactics Donald Trump uses in debates
Donald Trump left a trail of wreckage during the Republican primaries, chewing up his rivals in debate after debate. He is closing in the polls with Democratic rival Hillary Clinton and can push for the White House with a strong showing in the debates that start today. Clinton is preparing for a mud-slinging fest. It is a wise precaution. More News Videos Previous slide Next slide Is America ready for a Madam President? Donald Trump's questionable debate tact..>> view originalSurfstitch CFO Karen Birner departs – the company's third senior executive to go
SurfStitch's new CEO Mike Sonand is searching for a new CFO after yet another senior executive departure. Michele Mossop Troubled online retailer SurfStitch is searching for a new chief financial officer following the resignation of Karen Birner, the third senior executive to depart this year.SurfStitch's new chief executive, Mike Sonand, said on Monday Ms Birner had resigned as chief financial officer and company secretary after two years w..>> view originalThe three big challenges facing NBN CEO Bill Morrow
Three-pronged strategy: NBN chief executive Bill Morrow. Illustration: David Rowe NBN Co chief executive Bill Morrow admits there is no quick fix to the fundamental flaws baked into Australia's ultra-fast broadband strategy.In an exclusive interview with Chanticleer, Morrow laid out his three-pronged plan to fix the problems and ensure the NBN Co reaches profitability as quickly as possible.NBN is rolling out a range of broadband technologies ..>> view originalFormer resources minister Ian Macfarlane says new mining job complies with code of conduct
Former resources minister Ian Macfarlane says new mining job complies with code of conduct Updated September 26, 2016 15:26:01 Australia's longest-serving federal resources minister, Ian Macfarlane, has rejected suggestions of a conflict of interest after taking up a job with Queensland's peak mining group. Key points:Ian Macfarlane is named as chief executive of Queensland Resources CouncilMinisters have restrictions within first 18 months of leaving frontbenchMr Mac..>> view originalStrikes threaten disruption at airports, cargo terminals
Unpredictable Border Force strikes are expected to cause delays at airports and ports. Penny Stephens Passengers and cargo freight operations risk delay and disruption over the next two weeks as Immigration and Border Force workers kicked off unprecedented industrial action across international airports, cruise ship terminals and cargo facilities.The strikes from midnight Monday until October 9 involve rolling 30-minute work stoppages potential..>> view originalDomino's says pay rises no problem, seeks 2500 new workers
High-flying Domino's Pizza Enterprises insists it can easily swallow looming pay rises for staff who missed out on penalty rates thanks to an old deal with the shop assistants' union, as it sets out to hire 2500 workers over the next two weeks.Fresh from reporting record annual sales and a 15.5 per cent rise in same-store sales for the start to the new financial year, Domino's says the hiring spree will mean an extra four staff, on average, for its 650-odd stores in Australia. More ..>> view originalASX ends flat despite drag from Woolworths, Wesfarmers
The Australian sharemarket shook off its negative start but failed to post a gain, ending flat as the two big consumer staple stocks, Woolworths and Wesfarmers fell on the threat of new competition.The S&P/ASX 200 Index started the week lower as it followed Wall Street's weak Friday lead, before rising in the afternoon and bouncing along break even point. At close of trade, the benchmark Index was just 0.1 of a point higher at 5431.4, while the All Ordinaries ended 0.5 of a point higher at 5519..>> view originalInstant bank transfers are coming. Here's what you need to know
A “fantastic” new payments system is coming to Australia that will revolutionise how we make digital payments, according to the Reserve Bank. RBA governor Philip Lowe reminded the nation of its impending arrival last week when, during a parliamentary ...>> view original
Saturday, October 1, 2016
Managerial militia in Dick Smith war zone and other top stories.
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