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A fair bit of corporate effort seems to be going in to purveying the “move along, not much to see here” line in advance of the Fairfax Media Annual General meeting at the Four Seasons Hotel in Sydney tomorrow. Full Article at Crikey
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(MENAFN - ABN Newswire) Wall Street posted a small gain on Friday despite the Labour Department report showed the US unemployment rate broke above 10 per cent in October, up from 9.8 per cent in September. Full Article at Middle East North Africa Financial Network
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FAIRFAX Media director David Evans has been forced to resign from the board after a ruling from the Australian Communications and Media Authority. Full Article at Herald Sun
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COMMONWEALTH Bank of Australia says cash earnings for the September quarter totalled $1.4 billion, following good income growth and continued costs management. Full Article at Herald Sun
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FAIRFAX Media is facing a protest vote over a $4.1 million golden parachute paid to former boss David Kirk last December, which preceded the company's $380m loss. Full Article at The Australian
Related Quotes
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As a result I have been forced to make the difficult decision to resign from Fairfax
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I am very grateful to my fellow independent non-executive directors at Fairfax Media ... for their encouragement and support ... In view of the unfortunate developments of the previous few weeks, I have come to the view that in the best interests of our 52,000 shareholders and 10,000 employees, I should...
SOURCE: The Australian -
Let there be no misunderstanding ... This is a ploy by the Fairfax family to get control of the company without paying a premium to other shareholders. And the independent directors will act responsibly in the interests of all shareholders to prevent this.
SOURCE: The Australian -
John B. Fairfax's comments about corporate governance are hypocrisy at its worst
SOURCE: The Australian
