Costly smackdown for finance millionaire’s takeover dream
Had he actually succeeded, Liberty Financial founder Sherman Ma would have created a powerhouse of aggregated financing. Now he’ll be lucky to exist in the realm he tried to take over.
Margin Call
Giles saved from a press club grilling
Andrew Giles was apparently first reserve to fill a National Press Club chat vacancy. That is, until the Direction 99 architect found himself in the government’s version of ‘witness protection’.
Secretive richlister hires private eye to snoop on family amid battle for billions
Usually one to keep a secret, Spotlight and Anaconda billionaire Zac Fried is now loose-lipped all over town about hiring a PI to fend off claims by his former brother-in-law in a messy divorce battle.
Super yacht holiday leaves ‘working class’ MP at sea amid CFMEU crisis
How to look like you’re in your working class electorate when you’re actually swanning around the Amalfi Coast on a private yacht? Victorian Labor MP and John Setka protege Luba Grigorovitch gave it a go.
ACU calls in cyber crisis team to find $1m leaker
The mole hunters have been engaged by Australian Catholic University in an attempt to out those responsible for leaking details of the controversy surrounding Kate Galloway.
Watchdog knocks on EY’s door over Rex relations
EY’s corporate undertakers received a knock at the door from the regulator on Thursday with some light questions over their appointment as administrator of downed airline Regional Express.
Holgate’s express cost cutting delivery
Aggressive cost-cutting and job losses have already begun at Christine Holgate’s Team Global Express in the wake of its ugly financial losses posted this week.
Banks play Jones like their fiddle
Not only is Assistant Treasurer Stephen Jones wrapped tightly around Australian Banking Association chief Anna Bligh’s finger, but it’s the worst-kept secret in Canberra.
Striking journos jinx AFR summit
The Australian Financial Review was supposed to hold its Government Services Summit at the Canberra Hyatt on Tuesday but that’s on hold thanks to picketing journalists.
Mayday: Rex calls recovery specialist
With all the attention on Bonza’s failure and Virgin Australia’s float being pushed back Rex has flown under the radar but it appears everything isn’t rosy there either.
Wine club proving very popular with Macquarie inner circle
A cosy Italian eatery in Melbourne provided the perfect venue for Macquarie Group alumni to break bread, retell old stories of blockbuster deals, and drink up courtesy of one former banker.
Keffiyeh a case of disorderly conduct
NSW Young Lawyers secretary Seth Harlen was in court with others to be welcomed to the profession but his activist stunt may make that welcome short lived.
MinRes man cave losing its best women to Fortescue
MinRes under Chris Ellison is a giant, heaving boys club stinking of chauvinism and Lynx Africa. Just ask the profusion of senior women who have walked out over shabby treatment.
Gretel Packer’s play to save historic theatre
Gretel Packer has emerged as the surprise buyer of the historic Metro-Minerva theatre in Sydney’s Potts Point, meaning it is more likely to be revived than left to the developer’s wrecking ball.
Mark McGowan’s ‘shadow’ lobbying
Mark McGowan was so tired when he announced that he would step down as West Australian premier in May last year. But in a matter of months, he’s gone from zero jobs to four.
Casino cop’s boast about blocking online rogues is a pure beat-up
While the hall monitors at ACMA keep chest-beating about their supposed crackdown on illegal online casinos, most of the 1011 sites ‘blocked’ actual remain easy to access.
PwC partners face bills of up to $300,000 after tax blunder
Hundreds of PwC’s highest-paid are in meltdown after being told the firm botched their tax returns and they now personally face repaying bills of up $300,000 within two weeks.
ACU’s council shrugs off concerns
The Australian Catholic University convened a marathon sitting of its governing council and concluded that, yes, all members have been doing a splendid job, irrespective of the external brouhaha.
Tame set to step down at charity
Grace Tame will step down as CEO of her charitable foundation amid a donor backlash over its questionable governance and leadership style that produced few tangible results.
Sneesby carrying a torch for trouble
Is Mike Sneesby the most tone-deaf CEO in the country? He skipped off for a European holiday on the day his staff at Nine learned of job cuts, now he’s jumping at an Olympic gig.
Original URL: https://www.theaustralian.com.au/business/margin-call/page/7