by Kris Sayce on November 11, 2008
Australia bails out economy - Bad.
US bails out economy - Bad.
Europe bails out economy - Bad.
China bails out economy - Good.
Well, not quite. For a start, the AU$849 billion ’stimulus package’ proposed by the Chinese sounds like a lot of money. And it is. It is more than the US government is spending on its TARP initiative to bail out the credit market.
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by Kris Sayce on October 31, 2008
According to today’s Herald Sun shareholders are kicking up a fuss over executive pay. As the paper reports, “Toll [ASX:TOL] chief executive Paul Little received $8.57 million for his options ahead of the share market slump which has seen Toll stock dive.”
The paper also reports that, at the Valad Property Group [ASX:VPG] annual meeting, “76 per cent of shareholders voted down the remuneration report.” Chairman Stephen Day still received a 58% pay rise to $926,000. Nice work if you can get it.
The Valad share price closed yesterday at 7.8 cents, that’s down from the year-ago price of $1.80. That’s not so nice work.
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