Aussie moguls among world’s top emitters
Atlassian co-founder Mike Cannon-Brookes and Andrew Forrest top the list of Australians on a global ranking of billionaires with the biggest carbon footprint.
Atlassian co-founder Mike Cannon-Brookes and Andrew Forrest top the list of Australians on a global ranking of billionaires with the biggest carbon footprint.
Atlassian’s signature building in Sydney’s Tech Central is perhaps a harbinger of life to come in a ‘distributed world’.
Mike Cannon-Brookes and Scott Farquhar, two of Australia’s richest people, have lost billions in estimated wealth as investors punish their tech company.
About $10bn was lost in 10 minutes as shares in the software company led by Mike Cannon-Brookes and Scott Farquhar slumped in after hours trading.
Shares in one of Australia’s most successful companies have plummeted overnight, with software giant Atlassian losing billions in minutes.
Local stocks end the week up. Retail trade lifts. Qantas promotes $3bn recovery. Atlassian loses $10bn in 10 minutes on quarterly loss. Pendal down on profit slides, Perpetual talks. Gas users take aim at producers.
Most recently valued at more than $2bn, SafetyCulture’s losses have tripled but its founder says his company is still on track to be the next Atlassian or Canva.
A third major proxy adviser has backed directors proposed by the Atlassian billionaire, the energy giant’s largest shareholder.
Local stocks end the day higher led by materials and energy gains. CBA hikes home loan, savings rates. Loan values fell in September. Rio lifts after winning over Turquoise investors. Inflation boost for Amcor. AGL up as Cannon-Brookes wins backing in board battle.
Mike Cannon-Brookes has received a boost in his bid for a refreshed board at AGL Energy after winning support from a key proxy adviser.
ASX 200 finished nearly 1.2 per cent higher, led by tech and consumer discretionary stocks. The market is up 6 per cent in October, the best in 11 years. Investors await RBA’s rate news on Melbourne Cup. EML shares tank on UK regulatory woes.
The billionaire tech owners of Queensland’s Dunk Island are planning a major reboot of the dilapidated resort.
Mike Cannon-Brookes, AGL’s largest shareholder, has written to investors as part of a campaign for the appointment of new directors to the power giant’s board.
The software billionaire – and his market followers – have seen little but losses over the last year.
The former AGL executive was in line to run the energy giant’s demerged retailing business before those plans were halted amid a shareholder revolt led by Mike Cannon-Brookes.
Genex Power remains in takeover talks with tech titan Scott Farquhar but its key hydro project in Queensland has hit a hurdle.
SunDrive, the start-up hoping to replace silver elements in solar cells with cheaper copper, has drawn the support of heavyweight investors as it raises $21m.
The Atlassian billionaire has written to investors advocating for four directors recommended by his private Grok vehicle – three of which are opposed by the energy giant.
Technology giant Atlassian has defended its two-tier pay system for workers, with co-founder Scott Farquhar saying it is common practice.
The energy major will contest Grok Ventures campaign to install additional directors to its board after Mike Cannon-Brookes pledged to take its fight directly to shareholders.
Original URL: https://www.theaustralian.com.au/topics/mike-cannon-brookes/page/8