Dick Smith boss saw opportunities, when others saw issues
It felt surreal listening to Nick Abboud, the former head of collapsed retailer Dick Smith, at his final day testimony.
Elizabeth Knight comments on companies, markets and the economy.
It felt surreal listening to Nick Abboud, the former head of collapsed retailer Dick Smith, at his final day testimony.
For spectators this was 17 hours of their life they will never get back.
Politicians haven't, and likely won't, extract meaningful concessions from the bank bosses.
Large listed companies have made an art form out of developing new and sometimes bizarre criteria for awarding executives money.
Any remaining veneer of a collegiate-like has been revealed as a myth. The company sounds more like a factional war zone.
So who was running Australia's largest independent stockbroking firm, BBY, in the four years leading up to its spectacular demise?
There was once a time when being the chief executive of Australia's largest mining company was the pinnacle of prestige.
Forget the US or Europe, because China is shaping up as the favourite to fall victim to a major banking crisis, according to a dire and frightening warning from the Bank for International Settlements.
The first two weeks of spring have brought with them an ominous threat - that house property values are getting a second wind in the already blustery property market.
If all goes according to plan, Myer's sixth year of falling profits should be the last decline for the retailer, which is now 12 months into a much-heralded revival plan - which ironically involves shrinking its way to better performance.
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