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    1. Elliott Push Lives on Despite Changed BHP Exposure

      Elliott Push Lives on Despite Changed BHP Exposure

      Paul Singer's Elliott Management has in recent months sold some BHP PLC shares and taken its exposure to the miner through other instruments instead. Bloomberg by Peter Ker Activist investor Elliott Management's exposure to the London half of BHP's dual-listed structure is believed to still be above 5 per cent, despite some recent share sales taking its direct shareholding below the crucial threshold...

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    2. Too Many Conflicts on Super Fund Boards, PC Finds

      Too Many Conflicts on Super Fund Boards, PC Finds

      The PC's Karen Chester does not agree industry super funds are deliberately different from other funds and have 'delivered superior returns on average'. Eddie Jim by Joanna Mather Superannuation funds are not doing enough to manage conflicts of interest, especially those that may arise around the boardroom table , the Productivity Commission says...

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    3. Jeff Immelt Received 72 Per Cent Pay Cut After Plunging Profits hit GE

      Jeff Immelt Received 72 Per Cent Pay Cut After Plunging Profits hit GE

      The cut in Jeff Immelt's final package, and a new pay structure for his successor, reflects attempts to link remuneration with performance. Peter Foley by Ed Crooks Jeff Immelt, the former chief executive of General Electric, had his total pay reduced by 72 per cent, to $US5m, for 2017, following a final year at the company marred by plunging profits, a dividend cut, and the announcement of thousands of job losses...

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    4. Investors Pressure BHP Billiton Over Dual Listing

      Investors Pressure BHP Billiton Over Dual Listing

      Investors pressure BHP Billiton over dual listing Share BHP chief Andrew Mackenzie fronts investors on Tuesday to reports what is tipped to be the miner's best half-year profit since 2014. AAP by Peter Ker Two institutional investors want BHP Billiton to provide more detail on why the time is not right to unify its dual-listed structure as suggested by activist investor Elliott Management...

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    5. AGM Unrest as CEO Pay Confuses Investors

      AGM Unrest as CEO Pay Confuses Investors

      CEO Maurice James' total remuneration has increased from $3.7 million to $4.2 million, of which 70 per cent is linked to performance. Louie Douvis by Michael Smith Executive remuneration continues to baffle even the most seasoned company director this annual general meeting season despite a push to reduce the complexity of chief executive salaries. Qube Logistics is a case in point...

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      Mentions: Investors CEO ISS
    6. Executive Pay Critics Weaken Macquarie Bank's Tax Case

      Executive Pay Critics Weaken Macquarie Bank's Tax Case

      Macquarie's strong first quarter reaffirms chief executive Nicholas Moore's track record for under-promising and over-delivering. The growing scrutiny on executive pay does not come at a good time for Macquarie Group. The appropriately-nicknamed "millionaire's factory" has never liked the spotlight on its bonus structure even though it is one of the key drivers of its success...

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    7. Shareholder Wilson Asset Management 'disappointed' with Ardent Management

      Shareholder Wilson Asset Management 'disappointed' with Ardent Management

      "We have been very disappointed": Chris Stott of Wilson Asset Management is critical of Ardent, but not clear on whether it will support Ariadne. Jessica Hromas by Michael Bleby Michael Smith Shareholder Wilson Asset Management is "disappointed" with the way Ardent Leisure has run the company, but hasn't yet formed a view on whether it will support a bid by activist shareholder Ariadne to get four new directors on the board of the troubled company...

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      Mentions: Management
    8. How Third Point's Nestlé Assault Makes L'Oréal Worth It

      How Third Point's Nestlé Assault Makes L'Oréal Worth It

      The threat of the sale of a fifth of a company's shares would normally cause the price to fall. Yet L'Oréal, the French cosmetics company, has risen almost 4 per cent on just such a threat. On Monday, hedge fund Third Point revealed it had taken a stake in Nestlé and urged the Swiss consumer goods company to offload its 23 per cent holding in L'Oréal...

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    9. How Not to Behave in the Boardroom

      How Not to Behave in the Boardroom

      Danielle Fraillon is a partner in the Melbourne office of executive search, leadership consulting and culture-shaping firm Heidrick & Struggles Supplied At a recent ASX200 company board meeting, a non-executive director who was keen to understand more about an aspect of the company's business asked for, and got, a briefing from the chief executive. All was going well until the board member got up from his chair, walked to the white board and picked up a marker...

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      Mentions: Leadership
    1-23 of 23
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