Business

CBD

Illustration: John Shakespeare

Cowin loses $600m of dough at Domino's Pizza

Jack Cowin's extra large slice of Domino's Pizza got cold pretty quickly after peaking at a value of $1.336 billion in August last year. It has now chomped through $600 million of his wealth since the peak.

If it walks like a bank, it is probably Macquarie

Nicholas Moore, the CEO of Macquarie Group, which is mulling whether to move offshore.

Macquarie argues it is too small to be hit with the bank levy – ignoring the fact that no bank has profited more from government support that the bank dubbed the vampire kangaroo by the UK press.

The new strategy from Bellamy's Australia boss

Illustration: John Shakespeare

It says plenty about the mess at organic formula vendor, Bellamy's Australia, that almost half the cash raised from its $60.4 million entitlement offer will be used to pay off its partner Fonterra.

So many lawsuits, so little money

Illustration John Shakespeare

Andrew Grech's troubled law firm Slater and Gordon announced on Thursday it is facing yet another lawsuit from disgruntled investors.

The $US600 million happy ending for Ansell boss

Illustration John Shakespeare

Ansell has finally parted ways with its condoms business for the princely sum of $US600 million after the boss, Magnus Nicolin, decided that condoms are not a good fit with the rest of its business.

No 'gun to their heads': Fahour defends his pay

Ahmed Fahour wants to know why people are picking on his salary when other CEOs are acting worse.

While his Australia Post underlings faced a grilling in Canberra by the Senate estimates committee, the departing boss, Ahmed Fahour, was fronting a far friendlier business audience in Sydney to defend his pay packet and legacy.

Tinkler banned from managing companies

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The corporate watchdog said the bankrupt former billionaire and two of his associates failed in their duties as directors of companies that included his thoroughbred racing empire and A-League football club, the Newcastle Jets.

Fairfax sale plot Thickins at TPG

Illustration: John Shakespeare.

Subplots and twists in takeover story now playing out in public at the select committee on the future of public interest journalism.

Investors not coffin up for corporate afterlife

Illustration: John Shakespeare

Australia's biggest funeral services provider, Invocare, is in the business of taking care of the business of the "departed", and it is good to see its board is taking this vocation seriously.

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