Australia's best value in chief executives

Article Abstract:

Survey results suggest that Australian CEOs' salary levels reflect their bargaining skills more than their worth to the corporations they head. Results also show that many CEOs' compensation gains far surpass those being enjoyed by the workforce at large. Rupert Murdoch, Australia's highest-paid top executive, received A$7.96 million in the year ended Jun 30, 1997, despite a A$3.4 billion decline in News Corporation's market capitalization.

Compensation and benefits, Cover Story, Executives, Executive compensation, Chief executive officers

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Oil-shale twins scramble to keep the dream alive

Article Abstract:

There has been a significant drop in the share prices of oil-shale firms South Pacific Petroleum and Central Pacific Mineral since the unexpected departure of Suncor, an important strategic partner. Efforts are now being made to reassure investors that it will be possible to produce oil at a similar cost to conventional sources.

Petroleum industry, Securities, Central Pacific Minerals N.L., South Pacific Petroleum Corp.

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Australia grows with the billionaires club

Article Abstract:

Issues are presented concerning the growth in the number of individuals and families who are members of Australia's billionaires club from six in 1999 to 11 in 2001. The reasons behind this growth are discussed.

Economic aspects, Column, Rich, Rich people, Billionaires

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