Lend Lease's chief executive resigns in move that catches market by surprise

Article Abstract:

Lend Lease CEO John Morschel surprised observers recently by announcing his resignation from the Australian construction and financial services company. Although Morschel has previously indicated his intention to leave the company, the announcement still came as a shock to many investors who have equated Lend Lease's success with Morschel. Company officials lamented Morschel's decision but they stressed that the company will continue to thrive.

Construction, Construction industry, Officials and employees, Appointments, resignations and dismissals, Morschel, John

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Australian firm's patience wins partner in Indonesia

Article Abstract:

Australian firm Lend Lease Corp. exercised extreme patience in the formation of a joint venture with Indonesia's Sinar Mas group of companies. Lend Lease executive James Fennessy spent a year evaluating potential partners through consultations with Indonesian and Japanese officials. He also joined local business groups to acquire more information. Sinar Mas was chosen due to similarities in the corporate culture of both firms.

Real Estate, Real Estate and Rental and Leasing, Joint ventures, Real estate industry, Sinar Mas

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Executive pay hits ceiling after two decades of growth

Article Abstract:

The general trend on Asia's executive compensation in the months and years ahead beginning 1998 is for much sluggish growth, according to compensation consultants. Following almost two decades of growth, several executives face freezes, and even reductions, in their compensation packages. The past growth was attributed to a dearth of skilled professionals combined with economic boom.

Wage Administration, Compensation and benefits, Compensation management, Asia, Executives, Executive compensation

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