The past decade has seen a period of unparalleled growth in executive remuneration. But while CEO pay exploded, shareholders looked on helplessly as some of Australia's best-known companies self-destructed. When the fall eventually came, executives were well protected. Shareholders and creditors were not so lucky.
From Telstra's enriching of Sol Trujillo to the toppling of Eddy Groves's ABC Learning Centres and the untold accounts of the billions lost by the collapsed Babcock & Brown, Allco Finance Group and MFS, Pigs at the Trough tells the story of how a generation of executives, under the supervision of well-known and respected non-executive directors, pushed all the boundaries and sometimes sailed right over them ... and got away with it.
A pacey, irreverent read but with a devastatingly serious message, Pigs at the Trough gives investors invaluable insights into how to spot the telltale signs of impending corporate collapse, and how to avoid being another victim.
About The Author
Adam Schwab was a corporate lawyer at one of Australia's largest firms before becoming a founding director of the privately owned diversified accommodation and services group AJ Capital. Since 2004, Adam has also been a financial journalist and business commentator for Australia's largest and most influential online publication Crikey, and a business contributor to Fairfax publications, including The Sydney Morning Herald and The Age. Schwab has also acted as a corporate governance adviser to Australia's largest institutions and fund managers.
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Comments about Pigs At The Trough:
The author highlights "key learnings" in each chapter, which provide valuable warning signs for potential investors in (or employees of) organisations led by these corporate sharks and shonks.
|About the author|
|2. ABC Learning Centres|
|4. Village Roadshow|
|5. Toll and Asciano|
|7. Babcock & Brown|
|8. Timbercorp and Great Southern Plantations|
|Table of Contents provided by John Wiley & Sons Australia, Ltd. All Rights Reserved.|
Format: Paperback with Flaps on Inside & Back Covers
Number Of Pages: 256
Published: 20th January 2010
Dimensions (cm): 22.9 x 15.7 x 1.4
Weight (kg): 0.405