Business
Crown chair Helen Coonan facing investor pressure as CEO Barton resigns – Sydney Morning Herald
Crown Resorts’ incoming executive chairman Helen Coonan is set to face investor pressure to join the exodus from the casino giant.
But Ms Coonans nine-year stint as a Crown director – during a period of corporate governance dysfunction and in which the companys casinos were infiltrated by criminals and money launderers – means some investors will also see her eventual departure as necessary.
Jason Beddow, managing director of the $6 billion fund manager Argo Investments which is Crowns eleventh largest shareholder, said Ms Coonan will probably also need to leave once she has installed a new CEO and new directors.
But short…
-
Noosa News13 hours agoBondi Beach terror attack: Police investigate threat against Westfield North Lakes in Queensland
-
General23 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
Noosa News23 hours agoE-Scooter accident | Noosa Today
-
General21 hours agoOutback Farm stars finish first barley harvest at Central Australian farm