Fairfax boss Greg Hywood was paid as much as $7.2m in 2016

The Guardian | 10 May 2017 | Investing

The Fairfax Media chief executive, Greg Hywood, was paid as much as $7.2m in 2016 – substantially more than the $2.74m reported by the company in its last executive pay rundown.

The gulf is explained by the company’s use of accounting standards to value a key part of his executive package – options, or the right buy shares at a predetermined price – at $1.1m without spelling out what he would really make.

Hywood was issued 8m options under an incentive package and had the right to a further 8m options that were not issued.

Source articles

Australian Bankers Association examines pitches for tax campaign

AFR | 5/28/2017

As a parliamentary inquiry into life insurance continues to hear shocking misconduct revelations and NAB became embroiled in a new scandal at the weekend, the banks' mouthpiece, the Australian Bankers' Association, has been interviewing agencies as they consider a new campaign.

Fairfax Media receives competing bid from Hellman & Friedman

AFR | 5/17/2017

Fairfax Media has received a competing bid from global private equity firm Hellman & Friedman valuing the publisher at up to $2.87 billion.

From global private equity firm Hellman & Friedman, the bid is for a range of $1.225 to $1.25 per share, compared with the TPG consortium proposal of $1.20.

World's richest lose $47b with market drop overnight

SMH | 5/17/2017

The world's richest people lost $US35 billion ($47 billion) when global equity markets were rocked overnight by political turmoil in the US, according to the Bloomberg Billionaires Index.

Save for a home without ditching coffee

Domain | 5/15/2017

While saving for a home requires cutbacks on luxuries, which is something you’re no doubt sick of hearing, it’s definitely okay – and important even – to have at least one thing you indulge in. Life is short after all, so it must be enjoyed!

Mining company BHP drops Billiton from name in $10m ad campaign

Guardian Australia | 5/15/2017

BHP Billiton, the world’s biggest miner is rebranding, changing its name back to just BHP from this week.

The company is rolling out a $10m advertising campaign that includes television ads and a new slogan, “Think Big”, to facilitate the change.

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