Gina Rinehart's decision to lower her stake in Fairfax is all about getting on the board. The manoeuvring for influence – which if achieved will likely not bring more readers to the company – is an untimely distraction.
The carbon tax, which starts on Sunday, was a good idea introduced at the wrong time which will have unforeseen side effects –- some of which may lift rather than reduce Australia’s carbon output.
Fairfax Media will move The Sydney Morning Herald and The Age to a tabloid and sack 1900 staff — including 380 journalists — as part of a massive cost-cutting drive to save the media giant from corporate oblivion.
The controversial approval of 1,700 foreign workers for Gina Rinehart’s Roy Hill mining project is a boon for small business, according to business groups.
Look past the Gina-mania generated by the BRW Rich List announced last week and you can find some great stories about entrepreneurs generating wealth in less than rosy conditions.
Despite a general understanding of the labour shortage in the mining sector, politicians have managed to stuff up the Enterprise Mining Agreement while union leaders once again show a total lack of leadership.
A former physicist, now fund manager, is turning ferocious attention onto the boards and management of his portfolio companies, unseating some, worrying many.