A lucrative diversion
Article Abstract:
Lowe Lippman's insurance broker enterprise has been financially successful despite difficult times in the industry. Premium income has nearly doubled to $20 million. In addition to managing 39 of the 53 Australian university unions, Lowe's client sectors include employee associations, franchises, manufacturing, and local government. Most insurance brokerages sell at about $2 per $1 of gross brokerage, but Lowe's level is about 2.5 times' brokerage.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Liberty gives thought for food
Article Abstract:
Attracted by profit margins in the food industry, Liberty Oil is adding American food franchises and convenience store outlets at many of its sites. Food margins are 30% while petroleum margins are just 7%. Though food accounts for only 10% of revenue, the numbers are climbing, and at least 100,000 people a day walk through the doors of Liberty sites. Liberty has already signed with Subway Restaurants, which has a large presence in Australia.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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How the big firms divide the cake; new research has lifted the lid on the big accounting firms' profit-sharing schemes
Article Abstract:
New research shows that new partners in Big Five accounting firms typically receive half to two thirds the profit of established partners and that the ratio per firm of lower-to higher earning established partners is widespread. Since the research was revealed, most firms have altered their profit schemes to reflect more equality.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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