As he goes under, Gupta is attempting to asset strip Australia's essential steel producer to pay off Lex Greensill's administrator in London. Doing so may well push InfraBuild under, too.
Hudson is continuing to strategically underinvest in the Qantas (but never the Jetstar) fleet, even while she claims the opposite and everyone nods along.
Cast your eye around the ANZ board room table and it becomes apparent how Shayne Elliott got away with as much as he did. Seven directors, and virtually no banking expertise.
Over a decade, Westpac has lurched from one personnel blunder to the next. But like choosing an ugly bridesmaid, every chair and CEO dreams of finding someone worse to make him look better. The bank’s arrival at Steven Gregg is simply another outworking of that truth.
The Nine merger was a terrible deal for Fairfax shareholders and the enmity which then festered between the Fairfax-Nine directors facilitated the unforgivable drift of Domain, the group’s primary growth asset.
The numbers are in on Chemist Warehouse’s reverse takeover of Sigma. Cheap hindsight tells us that a regular IPO would’ve cost Chemist Warehouse shareholders $100 million, but saved them $3 billion.
Because multiple governments have enabled Gupta’s stalling tactics, small businesses on the Spencer Gulf are now owed vast sums of money they’ll be praying Peter Malinauskas will guarantee.
A Rampart subscription is the only way to access the peerless analysis and writing of Joe Aston – with the latest article in your inbox every few days.
