A YEAR IN THE CBD
It was a year of red dust, red ink and red envelopes. But which business leaders have been naughty and which ones nice? CBD's Ben Butler hands out the presents to 2012's big achievers.
It was a year of red dust, red ink and red envelopes. But which business leaders have been naughty and which ones nice? CBD's Ben Butler hands out the presents to 2012's big achievers. MAJOR MINER OF THE YEARGina Rinehart. From YouTube to the Pilbara, Her Roy Hill Highness was everywhere this year. If she wasn't provoking outrage by contrasting Africans willing to work for $2 a day with feckless Aussies who spend all day down the pub, the poetical Pilbara princess was out on the town signing copies of her Little Red Dust Book, Northern Australia and then some. Pooping the party only slightly was her wrong bet on the fourth estate, in the shape of stakes in Fairfax Media and Ten Network.MINOR MINER OF THE YEARNathan Tinkler. Like the Scarlet Pimpernel, they seek him here, they seek him there. However, there are signs the ability of the swashbuckling boganaire to swoop in at the last moment and save his companies from the judicial guillotine is becoming stretched.Creditors have already wound up his Mulsanne Resources and companies associated with his thoroughbred stable, Patinack Farm, while the taxman is circling Hunter Sports Group, the vehicle through which he owns the Newcastle Knights and the Newcastle Jets.And of course running things from Singapore, where readers have spotted Tinkler strolling by the river and applying for membership at the cricket club, must make things more difficult. Especially when pesky financiers have seized your private jet and helicopter.THE BIG THINKERClive Palmer. He said he would run for Parliament against the Treasurer, Wayne Swan, described the Greens as a CIA-funded plot, started a shipping business, announced plans to build a full-size replica of the Titanic, tried to start a rival football league to Frank Lowy's Football Federation Australia, became a national living treasure, was suspended from the LNP before being reinstated and resigning on the same day, got a passing mention in the failed sexual harassment case brought by James Ashby against the former speaker Peter Slipper, was interviewed on Lateline from Tahiti wearing a tropical garland, took delivery of a mechanical T-Rex for his dinosaur park, toyed with buying into Fairfax, fought a legal battle with Hyatt Hotels over management of his Coolum Resort, got a speeding ticket, bought Bora Bora resort in Tahiti and the Sea Temple golf course in Port Douglas, said he wanted to get drunk and wear a top hat to the Melbourne Cup after becoming governor-general, warned his Chinese business partners that Australia was not a communist country, fought with business partners CITIC over an iron ore mine in the Pilbara, and called for more lenient treatment of asylum seekers.Phew! But wait, just a fortnight ago, Palmer was named joint secretary general of something called the World Leadership Alliance, which according to the press release from his flack trumpeting the appointment "will be the major adviser to the G20 summit" in Brisbane in 2014.Never heard of the World Leadership Alliance? Palmer is closely involved in the global pow-wow, which features a troughload of former politicians and takes in a couple of other leadership organisations. Indeed, Palmer's company, Mineralogy, registered the trademark back in July.SOL TRUJILLO FREQUENT FLYER PERPETUAL TROPHYMike Smith. The Asiaphilic ANZ boss was spotted on Google Earth with mysterious red bags and on endless video loop at Hong Kong Airport, while his ATMs kept the good people of Singapore's Orchard Towers, aka the Four Floors of Whores, supplied with ready cash. But it seems the Chevalier de l'Ordre du Merite Agricole is to call Australia home after all: this year he said he was considering becoming a citizen and pooh-poohed suggestions he would replace the suddenly departed Bob Diamond at the British bank Barclays. And, of course, he reiterated his dislike of London. "If you live in central London, you have to speak Russian and have a lot of roubles," he told a business breakfast.THE "WE USED TO BE FRIENDS, A LONG TIME AGO" AWARDQantas boss Alan Joyce and the man who preceded him in the gig, Geoff Dixon. Their days lunching together seem over forever, now that they are on opposite sides of the battle for the Flying Kangaroo.Family man of the year: Lachlan Murdoch, whose Ten Network gave his wife, Sarah, a gig hosting the talent show Everybody Dance Now. It lasted just 10 days.Lachlan's pick for host of the struggling network's new Breakfast show, the Kiwi controversialist Paul Henry, did a little better. That show was canned last month after dismal ratings all year.FRIEND OF THE YEARJames Packer. He quit media in favour of gambling yonks ago, but jumped on the Ten Network register with mate Lachlan. Never mind that the pair of heirs did so poorly as directors of long-ago flop.com One.Tel - this time would surely be different.Alas, the millionaire mates' media mission is yet to deliver, with the pair's stake shedding value at about the same speed as viewers turned off Everybody Dance Now. Perhaps Slim Jim's new Hollywood venture with the director Brett Ratner will be more red carpet than red ink.EMPLOYER OF THE YEARMark Bouris. The reality TV star, BusinessDay columnist and finance guru sacked employees of his struggling tech company TZ Limited in July after it missed out on an Australia Post tender in May. "You're fired," indeed. In other staff woes, his finance outfit Yellow Brick Road suspended the mortgage broker Andrew Kaidbay late last month after he admitted lying to the NSW Independent Commission Against Corruption to protect Paul Obeid. The ICAC is investigating Paul's dad, Eddie, over allegedly corrupt mining deals worth tens of millions of dollars.LAWYER OF THE YEARMichael Harmer has plenty to meditate on during his summer holidays. It must have seemed a jolly lark back in April, filing paperwork on behalf of James Ashby alleging he had been sexually harassed by his boss, the speaker Peter Slipper. The lawsuit seemed a headline-grabbing echo of Harmer's efforts on behalf of Kristy Fraser-Kirk against the then chief executive of David Jones, Mark McInnes, back in 2010, which resulted in an $850,000 settlement.The Ashby case brought many jolly japes - sexy texts, a jar of mussels, Slipper's slippery effort sneaking out the back door of the Federal Court - but it's all come rather unglued for the Gandhi-loving Harmer, with the Federal Court's Justice Steven Rares making adverse findings about his conduct as a lawyer and Slipper demanding Harmer's firm pay every cent of his costs.MOST LOYAL SUPPORTER OF M'LEARNED FRIENDSSolomon Lew. The rag-trading billionaire demonstrated his taste for the courtroom early, entering the year already locked in furious litigation with the former partners of two of his children over stakes in a family trust fund worth tens of millions of dollars. He followed up with a spectacular own goal while seeking to have coverage of the case suppressed: in open court, his own counsel decried the fourth estate for unfairly portraying Sol as a "greedy ogre". Cue fresh headlines.Then there was the stoush over a pool built on Crown land beside his holiday home in Victorian coastal enclave Mount Eliza, which he was ultimately forced to demolish. Oh, and the US litigation sparked when one of his mega yachts, the Maridome, clipped the mobile phone billionaire Wendy McGraw's equally grand Calixe in a Florida shipyard, causing more than $500,000 in damage. All in all,a generous patron to practitioners of the world's second-oldest profession.NATIONAL BROADBAND NETWORK CHAMPIONGeoffrey Edelsten. Can superduper internet arrive quickly enough to meet the web surfing needs of the disgraced former doctor, bankrupt and jailbird? In addition to maintaining his not-at-all creepy and misogynistic "Australia's Worst Journalist" contest website (CBD: winner, 2009), the not-doctor also found the time to hang out at the salubrious sugardaddyforme.com website (where "no communications regarding the exchange of sex for money are permitted"). Happily, he struck up a friendship with the American lass Stacey da Silva through the website and loanedher $5000.Sadly, she failed to keep their contact confidential, and the whole thing ended up in court where both earned a kicking from the Victorian Supreme Court judge David Beach. "The one piece of evidence that could confidently be accepted from each of them is when each of them said that, in respect of certain matters, the other was being untruthful," Justice Beach said.