NEWS WRAP: Telstra unveils details on its tablet

Telstra has released more details of its T-Tab tablet device. The tablet is set to significantly undercut Apple’s iPad with a price of $299. However, the device will be tied to the Telstra network.



Shareholder backlash over pay


Australian companies are bracing themselves for a shareholder backlash over executive pay, after Transurban and Billabong shareholders rejected both businesses’ 2010 remuneration reports.


Tax inspector admits lack of resources


The inspector-general of taxation has said that he has insufficient resources to properly scrutinise the Australian Tax Office. In his annual report, inspector-general Ali Noroozi, who is tasked with improving the administration of the tax system, said that his reviews are “more limited” than taxpayers would like.


Buffett names successor


Warren Buffett, the entrepreneur known as the ‘Oracle of Omaha’ due to his accurate stock predictions, has named his successor as chief investment officer at his firm Berkshire Hathaway. Buffett, 80, is to remain CEO, but has nominated Todd Combs to succeed him as investment chief.


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