Business

CBD

Rupert Murdoch at the Super Bowl last week.

$13m for doing no work: Why it pays to work for Rupert Murodch

You don't have to actually work for Rupert Murdoch to make a fortune. Just ask News Corp's retiring chief financial officer, Bedi Singh. He will make $US10m over the next three years from drawing his base salary and bonuses despite walking out the door for the last time this Wednesday.

No need for Celebrity Apprentice Mark Bouris to fire himself

Illustration: John Shakespeare

Business guru and Celebrity Apprentice host Mark Bouris promised to fire himself if his financial group, Yellow Brick Road, did not make a profit this year. He was joking of course, but the good news for Bouris is that he won't have to worry about his long suffering fellow investors taking the promise seriously.

Why James Packer should be worried about The Star's results

James Packer would not have been pleased with The Star's results.

The financial results of The Star Entertainment Group on Thursday are a good indicator of what's in store for James Packer's rival casino operation, Crown, following the arrest of its employees in China last October. The news was not good.

The $10m deal Lachlan Murdoch made that is helping keep News Corp afloat

Rupert Murdoch with his sons Lachlan (left) and James.

News Corp reported a $US219 million loss for the December quarter - thanks largely to $US537 million worth of writedowns on its Australian assets - but Rupert Murdoch might be wiping his brow and thanking his son Lachlan - his fellow co chairman at News Corp - for a deal 17 years ago that is helping to keep the company afloat.

Executive Style

Small Business

How a financial detox saved my business

Jen Geale, the co-owner of Mountain Bikes Direct, was struggling for profitability.

An online store selling mountain bike accessories was experiencing financial trouble. But a financial detox turned the business's finances around within six months. Here's how.