By Peter Schroeder Federal regulators have signed off on a proposal that would require executives at large financial firms to defer at least half of their bonuses for at least three years in an effort to prevent excessive risk-taking. The Federal Deposit Insurance Corporation (FDIC) on Monday proposed the rule, which implements a provision of […]
THE surprise ousting of Asciano chief executive Mark Rowsthorn yesterday was met with cautious approval by investors willing to back the Malcolm Broomhead-led board. The timing of Mr Rowsthorn’s departure caught the market off-guard but investors have welcomed the appointment of former DHL Express global chief John Mullen as his successor. Shares in Asciano finished […]
ETIHAD’S chief executive, James Hogan, has told Qantas’s management to focus on their own business instead of complaining about the threats posed by Middle Eastern and Chinese airlines. In a warning about the viability of its full-service international operations without a change of direction, Qantas’s boss, Alan Joyce, last week blamed foreign airlines for flooding […]
DON’T be surprised if Myer chief Bernie Brookes joins Woolworths supremo Mike Luscombe in wistful references to life beyond the rigours of the checkout. Myer Holdings (MYR) $3.32 JB Hi-Fi (JBH) $19.43 David Jones (DJS) $4.53 Myer stock yesterday tumbled 43c, the biggest one-day decline since its November 2009 listing, after the retailer baldly reported […]
