Well, he said he would be back

It could be a case of "Hasta la vista, profits": the price of seeing Governator Arnold Schwarzenegger deliver words of wisdom has, like one of his action film victims, been slashed in half.

It could be a case of "Hasta la vista, profits": the price of seeing Governator Arnold Schwarzenegger deliver words of wisdom has, like one of his action film victims, been slashed in half.

Tickets to see the last action hero no longer command(o) full price, with conference organiser Jamie McIntyre opening the doors to the predators of cut-price outfit Groupon.

In a deal to be terminated on Monday, McIntyre's 21st Century Financial has cut the price of a seat at Arnie's gigs in Melbourne, Sydney and Perth from $127 to $60.

It's not as if Arnie hasn't delivered plenty of pearls in his time as a moofie star.

There's him as Conan, on what is best in life: "To crush your enemies, see them driven before you, and hear the lamentation of their women." Or getting in touch with his emotions as the Terminator: "I know now why you cry. But it's something I can never do."

Crying is something with which shareholders in Groupon's US parent may be familiar. The company's US parent fired CEO Andrew Mason last week after losing $US724 million (about $709 million) over the past three years.

Exalted HQ

QBE may be shedding staff around the world (through "natural staff turnover and staff redeployment", the company says) but at least its head honchos will be OK.

The insurer has found a new home: the top four floors, equal to about 9000 square metres, of the posh new 8 Chifley Square, currently being constructed in Sydney's financial core.

It's a far cry from the insurer's current HQ, a lightless dungeon on Pitt Street.

Although the co-owners of the 30-storey, 6 star Green Star skyscraper, Mirvac and Keppel REIT, declined to comment on whether any lease has been signed, agents are all abuzz with the news. QBE has been looking for new space as part of a plan to consolidate its offices in and around the Sydney central business district. Agents said there was a possibility of the insurance group splitting its head office and its global office functions.

Rents at the palatial new building, which boasts top-tier law firm Corrs as anchor tenant, could run to more than $1000 a square metre, but CBD couldn't be sure what QBE has agreed to.

After all, the company has made it clear it's committed to saving on costs around the globe - part of which might be a new site, said to be earmarked for QBE staff, under way in Manila.

Seriously, no joke

Suppliers to RailCorp, the NSW government body that runs the state's passenger rail network, are in for a nasty April Fools Day shock: they're to be charged a fee to get their invoices paid.

RailCorp outsources its invoicing to Ariba, an arm of SAP, which last week told suppliers that they would be charged 15.5¢ for every $100 they invoice.

In a weasel word-filled email to suppliers, Ariba said RailCorp had been paying fees to use the system but from April 1 "will be transferring this accountability to their suppliers".

Suppliers will no doubt be hoping that payments through the system are more timely than RailCorp's trains - or its PR department, whose Sandra Fabbretti took two days to confirm the fee impost.

Northwards ...

Watch out Sydney, Herald and Weekly Times editor-in-chief Phil Gardner could be on the way. On Friday media website Mumbrella speculated, despite a denial from News Ltd, that the lanky South African/Melburnian could be off to the Daily Telegraph. However, talk around town is that Gardner is more likely to end up at Fox Sports.

News Ltd spinner Adam Suckling couldn't be reached on Sunday.

Got a tip?


Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles