How Rose held on to her prizes
Article Abstract:
Gina Rinehart, director of Hancock Prospecting Proprietary Ltd. (HPPL) and Hancock Family Memorial Foundation (HFMF), lost her court case with Rose Porteous, the third wife of Hancock founder Lang Hancock, mostly because of Hancock's complete financial control and accounting methods. The clearing of loan accounts by transferring debt to HFMH, which in turn transferred it to the pension fund of HPPL, caused debt to the pension fund and resulted in a share sale of HPPL to HFMH. Accounting entries of this $43.2 million share transaction proved critical to Porteous' victory.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Freedom unfettered
Article Abstract:
Freedom Furniture had a record profit for 1998-9 but this has not been reflected in the retail chain's share price. The share price has remained $1.95 Australian for most of 1999 because investors are concerned about the attempts of the chain to take its new acquisition, the Guests and Andersons furniture chains, national.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Controversial compression
Article Abstract:
The controversy surrounding the data-compression technology known as Adams Platform is investigated. The claims made by the technology's inventor Adam Clark, a Melbourne businessman, to be able to send high-quality video down a telephone line are suspected to be over estimated.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2004
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