Barangaroo’s ‘bird nest’ hits the market

Barangaroo’s ‘bird nest’ hits the market

"Location and design are two key elements in creating great places that people are drawn to. This building has both - a distinctive design and a prime address on the waterfront at Barangaroo," Mr Burton added. CBRE director James Parry, who has been engaged to sell the building, said it was a "trophy asset" ideally…
Local investors stick with Facebook despite global storm

Local investors stick with Facebook despite global storm

Asset management giants Vanguard, Fidelity and BlackRock are the social network's three biggest investors globally. Other Australian fund managers with smaller positions in Facebook said they preferred to speak anonymously as they did not wish to seem insensitive to those affected by the horrific events in New Zealand last week. "There absolutely needs to be…
Michael Daley is no racist, no orator either

Michael Daley is no racist, no orator either

"And I don't want to sound xenophobic. It's not a xenophobic thing. It's an economic question." How to appeal to prejudice One of the tricks of politics is to appeal to prejudices without altering those being demonised. Daley is no racist. He is no orator either. He was bluntly articulating one of the great preoccupations…
Why the ‘wasted’ perfectionism of strategy consultants doesn’t work in start-up land

Why the ‘wasted’ perfectionism of strategy consultants doesn’t work in start-up land

"It probably didn't add much value, and was probably more of an ego-driven approach internally to keep pushing something." Lesson feedback Barnett now runs the education start-up Loop, which spun out of Nous in 2016. Loop offers a smartphone and web application that enables teachers to track how their lessons are being received by students…
Why minimum wages are a fantasy

Why minimum wages are a fantasy

The success of Mad Men, the racy TV series about the advertising industry, contributed to the number of people wanting to get into the industry and pushed wages right down. The average annual wage of an advertising account executive is $53,000, an hourly wage a bit over $24. But the expectation is that account executives…
Low wage growth ‘not result of broken system’

Low wage growth ‘not result of broken system’

Labor and unions have used the argument to claim the workplace system has broken and support calls for a return to centralised wage fixing or industry-wide bargaining. While accepting employees' earnings have lagged productivity in the past five years, Mr Kirchner argued the long-term relationship remains intact. He said that when calculating real wage growth…
Business wants more detail on Labor’s emissions reduction policy

Business wants more detail on Labor’s emissions reduction policy

The BCA said the Fisher report raised legitimate questions about the finer details of the carbon reduction policies, including whether international credits could be used, carry-over credits from the Kyoto agreement as well as what sectors will be targeted under Labor's scheme. The Fisher report found wholesale electricity prices would increase more under Labor's plans…
Westpac dumps personal financial advice for the masses

Westpac dumps personal financial advice for the masses

Two of the bank's top executives will leave the business as a result of the shake-up with consumer bank executive George Frazis leaving to pursue other opportunities and BT CEO Brad Cooper leaving after assisting with the transition. Mr Cooper is also the deputy chairman of lobby group the Financial Services Council. Westpac will continue…
ASX falls after choppy session

ASX falls after choppy session

Xero shares fell 1.7 per cent to $48.50, Appen closed 1.2 per cent lower at $23.49 and Altium declined 2 per cent to $33.51. Westpac said on Tuesday it would be exiting the personal financial advice sector and that group executives George Frazis and Brad Cooper would be exiting the bank. Part of the financial…
WiseTech, Atlassian rev growth engines

WiseTech, Atlassian rev growth engines

Both companies’ shares prices are now hovering just below record levels. And the Rich Lister founders of both business – Atlassain’s Mike Cannon-Brookes and Scott Farquar, and WiseTech’s Richard White – are determined to keep investing as they look to reinforce the competitive advantage of their businesses. Speaking to White on Tuesday, it’s clear where…

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