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Murdoch survives massive investor backlash at 21st Century Fox
Rupert Murdoch has survived the latest battle to end his control of 21st Century Fox despite a massive revolt by investors at the media group's annual meeting.
Rupert Murdoch has survived the latest battle to end his control of 21st Century Fox despite a massive revolt by investors at the media group's annual meeting.
Move over Paul Hogan, shrimps are for wimps.
Move over Paul Hogan, shrimps are for wimps. Australia's biggest ASX-listed cattle group, Australian Agricultural Co (AACo), has recruited Jessica Rudd - daughter of our former PM Kevin Rudd - to help sell its branded beef strategy to China.
In this kind of market, it makes sense to have a Plan B. But the market has taken a dim view of Vita Group founder Maxine Horne injecting a little botox into her Telstra retail shop operator.
Since daigou is the new dotcom – to the point that our first ASX-listed diagou, AuMake, almost tripled on debt last month – CBD thought it was worth checking out this new Chinese phenomenon.
You could not accuse our former top corporate cop, Greg Medcraft, of skiving off during his final days in charge of ASIC.
Interests associated with corporate spiv, Nick Bolton, and Perth-based cowboy Farooq Khan, are no longer the only ones making a grab for the $65 million cash box that is Molopo Energy. A white knight has emerged in the form of respected fundie, Geoff Wilson.
Dreamworld's owner faces a new nightmare with CEO Simon Kelly walking the plank with immediate effect less than five months after he started.
And all those mug punters tearing up their tickets in tears after the big race should spare a thought for the ultimate Cup tragic, Sheikh Mohammed bin Rashid Al Maktoum. His racing operation, Godolphin reported a loss of more than $91 million last year.
The House of Murdoch would have felt the tremors as Rupert's key supporter, billionaire investor Prince al-Waleed bin Talal was arrested over the weekend.
The only person in Australia welcoming the notoriety of Lottland's ad blitz this week would have to be online bookie Tom Waterhouse who must be thanking his lucky stars he is no longer the industry pariah.
Gina Rinehart's private company doubled its net profit to more than $1.07 billion and unleashed a cash bonanza for its owners with a $767 million dividend.
Seven West chairman Kerry Stokes consigned the Amber Harrison affair to footnote at the broadcaster's annual shareholder meeting on Thursday. "Your company acted professionally and appropriately in the handling of a matter involving a former employee," Stokes told investors.
News of Domino's pay bill rising by tens of millions a year came a bit late to the ASX, but it was certainly sizzling hot for chairman Jack Cowin whose stake lost $70m.
Millions of pages of glossy print is being churned out from Bauer Media, but its year will be defined by five black and white pages that have been delivered to Victoria's Court of Appeal. The fives pages represent Bauer's application for leave to appeal the record $4.56 million defamation payout against Aussie actor, Rebel Melanie Elizabeth Wilson.
CBD thought it was worth checking up on the accounts of another company John Kinghorn has his fingers in over the past decade, Krispy Kreme Australia. The good news is that Kinghorn is still making good money from junk food with the doughnut business reporting a net profit after tax of $8.27 million on sales of $88.2 million.
We hear that one of Seven's digital channels scored a higher audience on Saturday night than Ten's main channel. So you can understand why Ten boss, Paul Anderson, is juggling like crazy while the NSW Supreme Court decides the future of the rescue deal from US media giant, CBS.
It is not a great time for former Rio boss Tom Albanese to be headlining the Sydney Mining Club's gala dinner November 22.
James Packer fended off a massive vote against Crown Resorts remuneration report. It is a feat he will not be able to repeat next year.
A maverick shareholder, dressed in priests' robes and wooden cross, asked the assembled Fletcher investors to vote for absolution or exorcism for the board's corporate soul after the latest embarrassing downgrade.
Ruslan Kogan and his side-kick David Shafer offloaded a pallet-load of stock before Christmas. Again.
Nobody does the public confessional quite like billionaire, James Packer.
You know the big banks are on the nose when a disgraced pay day lender feels it has the moral authority to castigate the oligopoly.
Myer has assured CBD it is not looking at gambling as a new revenue source as it prepares for a high-pressure investor briefing one week before the Cup.
The US securities regulator proposes to claw back some of the alleged "ill-gotten gains" from former Rio Tinto boss, Tom Albanese. And there are certainly a lot of gains for it to target.
The story goes that ASIC chairman, Greg Medcraft, was about to hand in his badge as Australia's top corporate cop in April last year – with just one week left in office – when he heard his tenure was being extended another 18 months.
In these financially uncertain times, who would you turn to? That's right, rock legend Sir Bob Geldoff, who headlined the Association of Financial Advisers (AFA) National Adviser Conference on the Gold Coast over the weekend.
We don't see Commonwealth Bank boss, Ian Narev, as the sort of person to sit back and ride out his final months in charge of our biggest bank - even as his chairwoman Catherine Livingstone rampages like a financial wrecking ball through his money making machinery.
Sometimes the market can just smell something. Sometimes it's the hint of off milk wafting into the noses of brokers; other times it's surging demand for vitamin-rich infant formula that tickles nasal nerves.
What possessed Myer chairman Paul McClintock to tempt fate by announcing in September that he won't be stepping down before next months shareholder meeting - as he promised at last year's AGM.
The faint of heart really don't have anything to worry about.
They get in more crashes because they're not programmed to be bad.
Wedding celebrants and florists are expecting a boost in business when marriage equality laws are passed.
It doesn't have to be like this. You might need to start working on your business rather than in it.