Back-office central

Article Abstract:

Some of Australia's biggest banks, in particular the big four banks, want to combine their back-office processing work, but critics are cautious and fear that this will be a merger by stealth, as it would slash costs and threaten thousands of jobs. However, improving efficiency and redesigning or automating processes can achieve cost savings, which means the inevitable sacking of workers worldwide.

Office Automation, Technology application

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Capital decision

Article Abstract:

Venture-capital companies always have an exit strategy, usually they want to get out of the business within three to five years with a reasonable return of their capital. Venture capital can be valuable in developing a business but entrepreneurs need to know when to take their company in a more mature phase.

Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified

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Money in the bank

Article Abstract:

Ahmed Fahour is one among the young executives who are picking up millions as pay packet and incentives in the financial sector. Fahour, 38, working for the National Australia Bank, has been valued at $19 million in 2004.

Executive changes & profiles, Officials and employees, Executives, National Australia Bank Ltd., Fahour, Ahmed

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