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John Elliott (businessman)
John Dorman Elliott (3 October 1941 – 23 September 2021) was an Australian businessman and state and federal president of the Liberal Party. He had also been president of the Carlton Football Club. He frequently provoked controversy due to his political affiliations, his brushes with the law, and his abrasive personal style. Early life and education Elliott was born in Melbourne on 3 October 1941. He was the son of Frank Elliott and his wife, Anita. He completed his secondary schooling at Carey Baptist Grammar School in Kew. He then attended the University of Melbourne and graduated with a Bachelor of Commerce (Hons) degree and later completed a Master of Business Administration degree at the Melbourne Business School. Career Elliott joined BHP for two years. He then left to do an MBA, before joining global consulting firm McKinsey & Company in 1966 and worked in both Australia and the United States for six years. In 1972, he acquired control of IXL, a food manufacturer l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party Of Australia
The Liberal Party of Australia is a centre-right political party in Australia, one of the two major parties in Australian politics, along with the centre-left Australian Labor Party. It was founded in 1944 as the successor to the United Australia Party and has since become the most successful political party in Australia's history. The Liberal Party is the dominant partner in the Coalition with the National Party of Australia. At the federal level, the Liberal Party and its predecessors have been in coalition with the National Party since the 1920s. The Coalition was most recently in power from the 2013 federal election to the 2022 federal election, forming the Abbott (2013–2015), Turnbull (2015–2018) and Morrison (2018–2022) governments. After the Liberal Party lost the 2022 Australian federal election, Morrison announced he would step down as leader of the Liberal Party. Deputy Leader Josh Frydenberg also lost his seat, making senior Liberal MP Peter Dutton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Mutual
AMP is a financial services company in Australia and New Zealand providing superannuation and investment products, financial advice, and banking products (through AMP Banking) including home loans and savings accounts. Its headquarters is in Sydney, Australia. The Australian Mutual Provident Society was formed in 1849 as a non-profit life insurance company and mutual society. In 1998, it was demutualised into an Australian public company, AMP Limited, and listed on the Australian and New Zealand stock exchanges. AMP has one of Australia's largest shareholder registers, with most shareholders living in Australia and New Zealand. This is because when the society demutualised, all policy holders received shares in the new company. In 2003, the company demerged its UK operations, creating the Henderson Group. On 20 April 2018, Craig Meller resigned as CEO after it was revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emergin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Crime Authority Of Australia
The National Crime Authority (NCA) was an Australian law enforcement agency established in 1984 and wound up on 31 December 2002. History The NCA was set up in 1984 in the wake of the Costigan Commission, which investigated tax evasion and organised crime. It was intended to lead a national law enforcement response to organised crime which could overcome the jurisdictional barriers of the Australian federal system. It had extraordinary powers which removed many of the barriers which prevented other enforcement organisations from being able to comprehensively investigate or prosecute. The NCA was frequently criticised both for misuse of these powers and lack of effectiveness. Some argue that perception was often due to the covert operations and extreme secrecy required as a direct result of the level of criminals being targeted, and the risk to the operatives and their families. The staff and operatives of the NCA were often reminded by the Chairman that "we are dealing with t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Holmes à Court
Michael Robert Hamilton Holmes à Court (27 July 1937 – 2 September 1990) was a South African-born Australian businessman who became Australia's first billionaire, before dying suddenly of a heart attack in 1990 at the age of 53. A great-great-grandson of William Holmes à Court, 2nd Baron Heytesbury, and a grand-nephew of William Frederick Holmes à Court, 3rd Baron Heytesbury, Holmes à Court was one of the world's most feared corporate raiders through the 1980s, having built his empire single-handedly from virtually nothing to a diversified resources and media group with an estimated value immediately before the 1987 stock market crash of about A$2 billion. Shareholders in the company enjoyed enormous investment growth. 1984 saw Robert Holmes à Court's horse Black Knight win the Melbourne Cup with a time of 3 minutes 18.19 seconds. Holmes à Court died intestate, and his estate was to be divided one-third for his widow Janet (née Ranford), and the remainder eq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Knight (business)
In business, a white knight is a friendly investor that acquires a corporation at a fair consideration with support from the corporation's board of directors and management. This may be during a period while it is facing a hostile acquisition from another potential acquirer ( black knight) or it is facing bankruptcy. White knights are preferred by the board of directors (when directors are acting in good faith with regards to the interest of the corporation and its shareholders) and/or management as in most cases as they do not replace the current board or management with a new board, whereas, in most cases, a black knight will seek to replace the current board of directors and/or management with its new board reflective of its net interest in the corporation's equity. The first type, the white knight, refers to the friendly acquirer of a target firm in a hostile takeover attempt by another firm. The intent of the acquisition is to circumvent the takeover of the object of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AFL Grand Final
The AFL Grand Final is an Australian rules football match to determine the premiers for the Australian Football League (AFL) season. From its inception until 1989, it was known as the VFL Grand Final, as the league at that time was the Victorian Football League. Played at the end of the finals series, the game has been held annually since 1898, except in 1924. It is traditionally staged on the afternoon of the last Saturday in September, at the Melbourne Cricket Ground. The game has spawned a number of traditions and activities, which have grown in popularity nationally since the interstate expansion of the Victorian Football League to become the Australian Football League in the 1980s and 1990s. The club which wins the grand final receives the AFL's premiership cup and flag; players on the winning team receive a gold premiership medallion, and the best player the Norm Smith Medal. As of the end of 2022, a total of 127 grand finals have been played, including three grand f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carling O'Keefe Breweries
Carling O'Keefe was a brewing company in Canada that is now part of Molson Coors. The company's origins can be traced to Canadian Breweries, which bought the Carling Brewery in 1930 and the O'Keefe Brewery in 1934. Canadian Breweries purchased numerous other brewers – some to shut down, and some solely for their brands. In 1969, Canadian Breweries was acquired by a subsidiary of Rothmans, which renamed the company as Carling O'Keefe in 1973. The company was sold in 1987, then merged with Molson in 1989. Predecessors Carling 1840–1930 In 1840, Thomas Carling began a small brewing operation in London, Ontario, selling beer to soldiers at the local military camp. When he died, his sons William and John took over, naming it the W & J Carling Brewing Co. John Carling became a prominent figure in Canadian business and politics; he was knighted in 1893 and died in 1911. The Carling brewery then changed hands several times. In 1930, the Carling company was merged into the Brew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Courage Brewery
Courage Brewery was an English brewery, founded by John Courage in 1787 in London, England. History Courage & Co Ltd was started by John Courage at the Anchor Brewhouse in Horsleydown, Bermondsey in 1787. He was a Scottish shipping agent of French Huguenot descent. It became Courage & Donaldson in 1797. By 1888, it had been registered simply as Courage. In 1955, the company merged with Barclay, Perkins & Co Ltd (who were located at the nearby Anchor Brewery) to become Courage, Barclay & Co Ltd. Only five years later another merger with the Reading based Simonds Brewery led to the name changing to Courage, Barclay, Simonds & Co Ltd. In 1961, Georges Bristol Brewery was acquired. By the late 1960s, the group had assets of approximately £100m, and operated five breweries in London, Reading, Bristol, Plymouth and Newark-on-Trent. It owned some 5,000 licensed premises spread over the whole of Southern England, a large part of South Wales and an extensive area of the East Midlands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
