Australia's richest person, billionaire Gina Rinehart, is also the richest woman in Asia and on the way to becoming the richest woman in the world, according to Forbes' latest rich list.
Getting a clear understanding of CEO remuneraton packages has been a challenge in Australia, despite increased disclosure over the years, but that looks set to change if the high standards set by Forge Group are any guide.
Forge Group has completed its search for a new chief executive with the recruitment of a senior executive from UGL Resources on a $1 million-plus package, and by coincidence has called a trading halt ahead of the announcement of a major acquisition.
Five years of WA salary surveys show some chief executives appear to be remarkably well paid relative to the size of their business and the returns they have delivered, while others offer great value for money.
The forestry assets of failed rural land owner The ARK Fund have been sold for $46 million in a deal struck by receivers from McGrathNicol with an international timber investment group.
Accounting firm WHK Horwath has expanded its market share in Western Australia, revealing plans to acquire Osborne Park firm Hayes Knight (WA) with effect from April.
Perth-based property funds manager Aspen Group has outlined steps taken to address market pressures, which resulted in a $64.7 million loss for 2008-09 after the financial crisis severely hurt property valuations, management fees and transaction activity.
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