Tony Jack's bid to take control of Great Southern's timber schemes has caught the attention of the corporate regulator after projections contained in its proposal were deemed inappropriate.
IF you measure the value of a chief executive by the salary he or she takes and compare it to what heads of similar size companies receive, Andrew Forrest would come out on top in Western Australia year in, year out.
SHARE options are a common part of high-level remuneration packages intended to be powerful incentives for company executives- but they can quickly go 'underwater' when markets tumble.
Local forestry veteran Tony Jack has accused receiver McGrathNicol of using his bid for the collapsed Great Southern timber schemes to find a better deal for the bank creditors at the expense of out-of-pocket investors.
Almost one year before Great Southern collapsed under a mountain of debt, board members of the agribusiness provider were acutely aware the company faced a serious cash-flow problem.
Former agribusiness heavyweight Great Southern was losing hundreds of millions of dollars in the months leading up to its collapse as it continued to raise money from investors.
As the University of Western Australia seeks leave to appeal to the High Court over a blow to its intellectual property rights, universities and employers nationwide are wondering what they need to do to avoid a similar fate.
Great Southern receiver McGrathNicol has telephoned investors in the flagship timber schemes urging them to hold off accepting the ‘rescue package’ lodged by the Gordon Martin-led Pulpwood Plantations.
Receivers of failed agribusiness company Great Southern today completed the sale of the company's far north Queensland cattle station to Consolidated Pastoral Company for $48 million.
MINOR skirmishes targeting Perth corporate raider Farooq Khan during the past three months are escalating into a major offensive aimed at the heart of his power base.
PARTIES are locked in confidential negotiations to sell the defunct Riverside Pier Hotel project on Perth’s foreshore, as out-of-pocket investors await news of any likely return.
RIPPLES from the fall of Allco Finance Group continue to work through the market, as the 'for sale' sign goes up at one of its investments, the Perth-founded debtor finance company Scottish Pacific Benchmark.
WESTERN Australian-based mortgage broker Australian Finance Group has learned first-hand the difficulties making money from financial planning dealer groups.
