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A summary of national business news

A summary of the nation's news.

A summary of the news across the nation

WA Business News' third annual salary survey has idesntified a growing pool of millionaire executives but found it is necessary to go beyond the headline numbers to understand remuneration trends. Mark Beyer reports.

Wesfarmers broke with widely accepted industry practice when it negotiated the salary package for its new chief executive Richard Goyder earlier this year.

The number of Western Australian chief executives earning more than $1 million increased to 37 last financial year, helped in most cases by bonuses and share options.

Shareholders in engineering and mining contractor Macmahon Holdings gave the company a bloodied nose at its annual general meeting this month, with shareholders who hold 19 per cent of shares voting against the company's remuneration plan.

The role of chairman of a board of directors is normally a part-time position, yet the chairmen at some of Western Australia's biggest companies earn more than most chief executives.

Australian chief executives are guaranteed half of their income, irrespective of performance, a national survey has found.

Biotechnology is a lucrative sector for chief executives, judging by the remuneration paid by Perth-based companies such as pSivida, Regenera and Stirling Products.

The top executives at emerging biotech company Regenera had a bumper year in 2005 courtesy of performance shares, which are rarely used in Australia.

The salary package paid to Health Department director general Neale Fong continues to attract a lot of comment because it is substantially higher than any other public sector salary, yet it also highlights the disparity between private sector and public s

The Mirvac Group made its first move into land syndication in Western Australia last week, highlighting the growing trend among property developers of using syndicates to complete projects.

Property Resources Management Pty Ltd and its partner, Lang Walker's Walker Corporation, are to be the private sector developers of a new 338-hectare housing project called Banksia Grove.

I had an interesting experience the other day when I found myself in a room of people who were bitterly opposed to John Howard's proposed industrial relations changes.

That dreaded M-word has reappeared within Liberal Party ranks.

Some Perth investors with an eye on BHP Billiton will be hoping for an insight into the company when they toddle along to its annual meeting in Perth tomorrow (Friday November 25)

Rod Properjohn and Michael Zekulich's book Restaurants WA is a timely and welcome addition to the already vast collection of literature on the state's food and wine industry.

29 Spencer Street JANDAKOT WA 6164 Ph: (08) 9417 4999, Fax: (08) 9417 5666

The daughter of former West Australian premier Brian Burke is one of a number of Labor hopefuls tipped to be seeking to become the party's next state president.

Voyager Estate, one of Margaret River's iconic wine producers, has been recognised for its contribution to the state's arts community, winning the 2005 best small or medium-sized business partnership award.

Kwinana Industries Education Partnership (KIEP) is an award winning industry/education partnership formalised in 1995 to break down barriers between education and industry, strongly supported by 34 Kwinana industries, 12 high schools, tertiary institution

BHP Billiton's support of regional arts initiatives has long been recognised as a valuable investment in Western Australia's regional communities.

LWP Property group is the developer of Ellenbrook, the fastest growing and most awarded new urban community in Western Australia.

Aragon Legal, which recently became an incorporated law firm, has won this year's best first-time partnership award for its work with ARTRAGE.

Built on strong foundations of creativity, innovation and a passion for the arts, the partnership between Marketforce and the Art Gallery of Western Australia reflects the corporate outlook of both organisations.

It will come as no surprise to business executives that our bodies do not like to be stuffed into an aluminium tube and hurled through the air at 900 kilometres an hour.

Planning your next conference, brainstorming session or staff incentive program? Maybe you just want to get away with a loved one.

I had a discussion one evening earlier this week about the philanthropy in the US.

President George W Bush's decision to militarily engage America's sworn Middle Eastern enemies at the head of a ‘coalition of the willing' has resulted in numerous unexpected outcomes, not all of which are welcomed by his dogmatic critics.

It's a shame that Jonathan Lynn and Antony Jay are not writing any more of their Yes Minister books.

Port Bouvard expects increased return to shareholders on better-than-expected prices for the final sale of land at its two estates, in Stirling and near Mandurah.