Payday at Austar
Article Abstract:
The board of the struggling pay-TV company Austar, is accused of lavishing corporate largesse on its managers after fund managers failed to block an employee share plan in November 2003 that gives an $8.2 million interest-free loan to the chief executive, which is found to affect the interest of the minority shareholders. The Austar scheme was cash neutral, as the loans would be repaid to the company, however, minority shareholders are questioning this step
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2004
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Austar tunes in
Article Abstract:
The reasons behind the profit growth of $1.8 million for Austar United Communications Ltd., under the management of chief executive John Porter, are examined.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2005
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Austar deal leaves investors out in the cold
Article Abstract:
Austar, the pay-TV firm based in Australia, is having financial difficulty and its quest for capital is resulting in bad decisions, shareholders allege.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2003
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