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Ahmed Fahour

This Month

Nobby Clark leaves the Coles Myer AGM in 2004.

The man who got the better of Keating: ex-NAB boss Nobby Clark dies

Former NAB chief executive Neil Rex “Nobby” Clark, who has died at 96, laid the foundations for modern Australian banking – and was frank, fearless and principled.

Sue Davies giving evidence on Tuesday.

Australia Post again reveals eye-watering salaries for execs

It was once surprising you could get this sort of money for a government organisation barely back in black, but at AusPost it’s become the norm.

August

Business leaders have slammed the Victorian government’s proposed new WFH laws.

Labor WFH plan risks entrenching anti-business feeling in Victoria

The chairman of Premier Jacinta Allan’s handpicked business council says blanket edicts harm productivity and confidence.

July

National Australia Bank CEO Andrew Irvine has not faced disciplinary action following the complaints.

NAB directors met to discuss Andrew Irvine, urging him to smarten up

The Phil Chronican-led board informally convened this week amid disquiet from institutional investors about the bank CEO’s management style, sources said.

March

Alex Waisilitz, founder of Thorney Investments at his Collins Street office in Melbourne, but has plans to spend more time in New York and Israel.

‘We’ll fight’: Alex Waislitz on family battles and bad bets

The billionaire investor is mired in clashes with his ex-wife, future sister-in-law and developer Tim Gurner. But he’s up for it, he says.

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November 2024

Billionaire splashes $22m on restaurateurs’ Toorak mansion

Melbourne’s billionaire Heine family have snapped up a grand art deco home in Toorak owned by famed restaurateurs Andrew McConnell and Jo McGann.

April 2024

Ivan Power

Albanese’s new fund manager CEO doubles down on meetings

The new $15 billion National Reconstruction Fund is already doing strange things, including holding its first two board meetings on the same day.

February 2024

Team Global Express chief executive Christine Holgate argues sharing last-mile infrastructure will help regional communities.

Christine Holgate still gunning for Australia Post

Making Australia Post cheaply distribute its competitors’ parcels would hamper Australia Post’s finances. For Christine Holgate, that might be a bonus.

December 2023

“Mining Barbie” Amanda Lacaze accepts her award.

Bonfire of the CEOs: Rear Window’s 2023 year in review

The year ended with a lecture from the mining establishment, but not before a carry-on of CEOs joined the unemployment queue.

September 2023

Rich Lister Raphael Geminder owns 50.004 per cent of Pact Group and wants to buy the rest.

Rich Lister Raphael Geminder’s other packaging disaster

The billionaire wants to take Pact Group off the ASX, but another listed group in which he owns 66pc has also suffered a big slide.

August 2023

Australia Post has recorded its biggest structural loss in 30 years.

Australia Post ‘horror movie’ headed for multibillion-dollar bailout

The government-owned business enterprise says losses are forecast to continue unless services are drastically cut back, including phasing out letter delivery.

Industry and Science Minister Ed Husic with newly appointed National Reconstruction Fund board member Kelly O’Dwyer 

Business must maximise reconstruction fund wins: O’Dwyer

The former Liberal minister says a landmark $15 billion investment vehicle is an opportunity to boost Australia’s sovereign capability.

May 2023

Former Australia Post CEO Christine Holgate.

Christine Holgate can’t let go of Australia Post

She may no longer be the CEO, but she still has Australia Post on her liver.

April 2023

New Latitude CEO Bob Belan says paying a ransom would only encourage further extortion attempts.

Coles credit card customers exposed in Latitude data breach

The supermarket retailer said cardholders before 2018 could be impacted, adding the financial services firm had not provided further details.

March 2023

Latitude breach now one of the biggest in Australian history

What was first reported as the theft of 330,000 customer records is now up to 14 million records, and counting.

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Latitude CEO Ahmed Fahour rings the bell to open trade in the lender’s shares at the Rialto in Melbourne last year.

Latitude is Ahmed Fahour’s big miss

Over his career, Fahour’s principal aptitude was securing for himself remuneration packages of almost sublime immensity.

Latitude says cyberattack ongoing, more customers may be affected

The non-bank lender says it is not taking on any new customers after being forced to “isolate” some of its technology platforms.

February 2023

The reality-defying optimism of ASX CEOs

The gap between how some CEOs describe their company’s performance, and reality, seems to have become unusually large.

Ahmed Fahour says Latitude can pass on higher rates to customers.

Latitude profit plunges, Fahour to leave in April

The steep rise in interest rates is hitting consumer lenders, but Latitude staved off the crunch by passing through higher rates to its customers.

Joshua Zhou, managing director of Aumake, expects more Chinese tourists to arrive in Chinese summer  months.

Can Chinese tourists help save Australian retailers?

Chinese tourists spent $12 billion in Australia annually before the pandemic and there’s hope that much of that spending will slowly return.

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