Who wants caution amid all this drama and money making? Not investors who fretted over what would happen if a troika of prominent local bosses were held accountable for behaving badly. Or the Murdochs trying to outdo– the hit TV show they inspired – as fellow investors also tried to unstitch the family’s control of its media empire.
He expounded on how important profits were for government taxes and shareholders and, as it happens, Mrs Chaney. She is apparently the direct hold of the Chaneys’ multimillion-dollar Wesfarmers stake, which was slashed just weeks ago when they sold more than $2.8 million worth of stock – their first sale in more than seven years – for “financial planning” purposes.
WiseTech shares hit record highs, as did Super Retail shares, despite the allegations, but Mineral Resources stock imploded at the thought of life without Ellison.White’s ill-judged decision to try to bankrupt a former lover in October was settled within weeks, but not before a joint investigation byWhite stepped down as CEO but remains in a powerful consulting role at the group, which subsequently cleared him of bullying and inappropriate conduct allegations.
Meanwhile, Super Retail got into a bruising legal battle against its former top two lawyers over explosive allegations implicating senior executives and its now departed chair, Sally Pitkin. The company insists the allegations are not true and are nothing to concern investors. Lehrmann this year lost his multimillion-dollar defamation suit against the Ten Network and presenter Lisa Wilkinson over an interview with Higgins aired onin Parliament House in 2019. Lehrmann is appealing against those findings. Lehrmann’s involvement with Seven triggered a string of departures from the network, which also had to clean out 150 staff due to a dire media market.
BHP’s $US49 billion offer for Anglo American fell over, and its decision to shutter Nickel West in the face of falling prices says plenty about how diversification plans are working out.