Investors in Westfield-owners Scentre Group have served a 'first strike' on executives' pay, after the company leaders produced a full-year loss and reduced final dividend.
Shares in Wesfarmers have fallen after the company unveiled a mostly weak third quarter for its retail businesses, including softer growth from its supermarket giant, Coles.
Wesfarmers chief executive Richard Goyder has taken a substantial pay cut with a halving in his short-term incentive payments after a year in which his Coles-owning conglomerate took a hefty hit to profits.
Leadership WA chief executive officer Robin McClellan spent 10 minutes discussing leadership with Wesfarmers managing director Richard Goyder, who said leaders should surround themselves with good people and set and live the standards of the organisation.
Wesfarmers' full-year profit will be hit by write-downs and restructuring costs of about $2 billion related to its Target department stores and Queensland coal mine.
Several recent high-profile cases of questionable corporate behaviour that have come to light here, and around the world, have a common element – whistleblowers.
Wesfarmers has announced the resignation of Target managing director Stuart Machin, just days after it confirmed an investigation into accusations that supplier rebates may have artificially inflat
A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.
The appointment of leading commercial lawyer Paul Meadows to Wesfarmers executive team has had a ripple affect across the top of the conglomerate, at both board and management level.
