In a statement, First Super boss Bill Watson didn't pull any punches when he said the outcome of the review could result in the winding up of its private equity program."It may also result in increased investment in other asset classes such as unlisted infrastructure, unlisted property or more investment in listed companies," he said.
First Super has put the private equity industry on notice with a decision to review its $100 million private equity portfolio over wage concerns.
It will send chills down the spines of the multibillion-dollar private equity industry, which relies heavily on super funds as investors in their funds.
If you wait, you’ll find that you won’t be able to.
Strap on your seatbelts, shareholder activism is about to ramp up.
A STOMPer was appalled when he came across a blog created by a relief teacher in Singapore, who said that only ACSi boys are worth dating, and that guys from Raffles Institution and Chinese High are "ugly".
Said the STOMPer: "I came across this blog created by a relief teacher in Singapore.
It is no longer just about the poor ethics, but the potential investment, reputation and legal risk if the business gets caught.7-Eleven convenience store giant was embroiled in systemic wage fraud throughout its franchise network and has so far paid back million in compensation to workers.
It has had to change its business model and has entered into a pro-active compliance deed with the workplace regulator. It is part of a bigger picture of shareholder activism sweeping the market.
Attached is a letter from her "teacher" and the person whom she love and respect most: Date: Sat, -0700 [ AM PDT] From: Gary Frankford To: Jiang Lai Subject: Reality I looked at your blog again.