Why McFarlane replaced Mercer

Article Abstract:

Australia and New Zealand Banking Group Ltd. appointed John McFarlane as managing director after Don Mercer was sacked. Mercer is considered an excellent chief executive, but the board of ANZ decided he would not be ideal for cutting costs, which indicates that cost cutting has become the primary focus of Australian banks. Cost cutting is vital if Australian banks are to competitively position themselves in increasingly globalized financial markets.

Officials and employees, Column

---

The ANZ goes a'wooing

Article Abstract:

Australia and New Zealand Banking Group Ltd., headed by John McFarlane, has many ambitious plans for the future. A technology infrastructure sharing agreement is being planned with an as-yet unnamed bank. McFarlane plans to work on labor practices and the image of banks in Australia. Supermarkets will soon be used to distribute ANZ banking services, similar to current agreements between Woolworths and Commonwealth Bank.

Planning, Interview, McFarlane, John

---

Pioneers of the Internet's new business order

Article Abstract:

David Murray, Ziggy Switkowski, Dennis Eck, Ted Kunkel, and James Packer are among Australian business leaders who have adapted to both globalization strategies and the challenges and benefits of the Internet. Author Thomas Friedman believes that the democratization of technology, finance, and information are essential for corporations that expect to thrive in Australia's globalized economy.

Australia, Diversified Companies, Television Broadcasting, COMMUNICATION, Communications, Broadcasting and Telecommunications, Department Stores, Television broadcasting stations, Editorial, Statistical Data Included, Management, Economic aspects, Internet, Telecommunications services industry, Telecommunications industry, Television broadcasting industry, Beliefs, opinions and attitudes, Electronic commerce, E-commerce, Telstra Corporation Ltd., Fosters Brewing Group Ltd., Packer, James, Switkowski, Ziggy, Publishing and Broadcasting Ltd., Eck, Dennis, Coles Group Ltd., Kunkel, Ted, Murray, David, Commonwealth Bank (Australia), Friedman, Thomas

Similar abstracts:

• Abstracts: Now playing in limited release: Internet, the next generation. Show me the mummy! Internet offers a home to archeology
• Abstracts: Union a dirty euphemism for new brokers' regulator. The Zeta way to risk rating. Fine-tuning a portfolio for the times
• Abstracts: The outlook for 1997 United States corporate earnings. The outlook for United States corporate earnings. The outlook for 1998 United States corporate earnings
• Abstracts: Strategy in the post-industrial society. Strategy and meaning. Creating value by shaping tomorrow's business
• Abstracts: Great reporting, a star lineup, and competitive prowess: ABC and Best Software team up. part 2 Answering the cry for integrated solutions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.