Opinion
Australian CEOs are about to face their toughest test in a generation
Managing inflation was supposed to be a huge test for chief executives, but raising prices has proved easy so far. But the squeeze on margins is coming, and it won’t be pretty.
James ThomsonColumnistWhen Susan Lloyd-Hurwitz faced her final analyst call as Mirvac chief executive last month, she signed off with an impassioned speech about her biggest achievements in a decade in the role.
But it wasn’t the 41 per cent earnings per share (EPS) growth she highlighted, or the way Mirvac’s return on investment was rescued from the doldrums and pushed back above Mirvac’s cost of capital. It wasn’t the $15 billion of residential homes built during the period, or the big pipelines of residential and commercial projects she has left behind.
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