Fortescue directed actions of private investigators
Fortescue executives were directly involved in overseeing private investigators that followed former employees and their families, court documents show.
Fortescue executives were directly involved in overseeing private investigators that followed former employees and their families, court documents show.
Noel Pearson’s invitation to join the Fortescue board is the culmination of a long relationship between the Indigenous leader and Andrew Forrest.
Super Retail ex-exec alleges bullying, harassment. Fortescue crashes after mystery stake sale. BHP, Lundin bid $C4.1bn for Filo Corp. Ramsay taps Woolworths Supermarkets boss as next CEO. Credit Corp’s top gainer. Rex halts 737 bookings amid financial woes.
Shares in the Perth-based iron ore miner were being auctioned off after the market closed on Monday.
As evidenced by the reaction to Andrew Forrest’s green hydrogen backdown, journalists need to be especially sceptical testing claims in-line with their biases.
With Fortescue’s green spending under renewed scrutiny, analysts are asking whether the company can save the world as well as saving shareholder dividends.
Fortescue’s green energy arm will still cost the company more than $1bn in running costs this financial year, despite the sweeping wave of cuts that will see it shed about 700 jobs.
Fortescue’s sweeping restructure goes far beyond removing the duplication of backroom functions between its energy and mining arms, with the company sweeping out layers of management.
Senate committee to grill PwC CEO Kevin Burrowes, former bosses again. Commodities sink despite China rate cut. Fortescue misses guidance. ANZ suspends, sacks staff as market manipulation probe continues. Macquarie’s flat first quarter.
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.
Bowen was remarkably sanguine last week at the Press Club about the implosion of Andrew Forrest’s green hydrogen plan. Hours later, Twiggy’s Fortescue Metals was kicking its target down the road to Never Never Land.
Andrew Forrest says Labor should push ahead with billions of taxpayer dollars in tax incentives for green hydrogen, yet his own actions reveal a starkly different stance.
A former SAS soldier turned PI is the man behind an extraordinary investigation into Andrew Forrest’s former staff, and he’s led a colourful life.
Andrew Forrest caught the market by surprise in 2020 when he laid out his vision for a green energy giant. And even after a tumultuous four years, he insists his dream is not dead.
Andrew Forrest’s admission that Fortescue cannot meet its 2030 goal is telling.
Fortescue provides lesson in high stakes of trying to pick winners.
Andrew Forrest says Labor should continue to support green hydrogen producers, but says high energy costs must be lowered to secure the fuel source as a viable export industry.
If energy isn’t cheap enough to make hydrogen viable, Fortescue will build renewable energy generation until it is, Andrew Forrest says.
Twiggy Forrest’s announcement of job cuts affecting his ambitious green hydrogen project shows the failure of the government’s energy plan, the coalition says.
The Fortescue founder made his vast fortune by snubbing the doubters and repeatedly made bigger and bolder promises on his green revolution. So the cost of failure is more than financial.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/3