Record losses, Timbercorp AGM, Wesfarmers, Fairfax, PacBrands, Rich List, Hedley and great lists


March 5, 2009

This week's lively edition of The Mayne Report was sent to subscribers on Tuesday afternoon. The good news is that a subscription that lasts until June 30 now only costs $55, so why not get on board to read our weekly corporate governance observations. Here are the headlines from Tuesday:

1. Almost 200 companies report $1m-plus loss on last day - full list

2. The 9 new members of the $1 billion-loss club

3.
Companies that probably won't ever report their huge losses

4. Ranking the
30 companies which should have taken much bigger write-downs

5. The small list of c
ompanies which did take big enough write downs

6.
Possibly the last Timbercorp AGM ever as directors duck and weave

7.
The Wesfarmers letter The AFR declined to publish

8.
Will Fairfax shaft or support its retail shareholders?

9.
Great moments in corporate governance from Cairns

10.
Putting the heat on reckless spending in Queensland

11.
Herald Sun hypocrisy over Pacific Brands pay packets

12. All the recent s
hare trades and aggressively playing the share purchase plans

13. Another
11 new names for our Rich List

14.
Radio dominated by Sol and executive pay

15.
New and improved podcasting service

Meanwhile, here is a summary of radio spots over the past week:

774 ABC Melbourne with Lindy Burns discussing Rich Listers under pressure, executive pay, profit season and debt.

RRR Melbourne with The Breakfasters discussing Pacific Brands, executive pay and the global economic crisis.

4BC Brisbane with Drive presenter Mike Smith on Queensland's coming debt crisis.

ABC Newcastle on executive pay.

ABC Newsradio on executive pay.

720 ABC Perth discussing Sol Trujillo with morning presenter Geoff Hutchison.

4BC Brisbane discussing Sol Trujillo with Drive presenter Mike Smith.

702 ABC Sydney discussing the departure of Sol with Drive presenter Richard Glover.

774 ABC Melbourne regular spot on Drive with Libby Gore discussing the sad news of Pacific Brands, China, companies not coming clean with write-downs and Peter Chernin's outrageous golden parachute from News Corp.

That's all for now.

Do ya best, Stephen Mayne

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