03 Sep The issue with underlying earnings; Workplace conduct – the rules have changed
Welcome to a new month of Cannings’ business and media intelligence, with insights collected over the past week.
WORKPLACE CONDUCT – THE RULES HAVE CHANGED.
- This week’s swift move by the QBE Board to dismiss its CEO is a sign that boards are coming to terms with community expectations over the treatment of employee misconduct. Company directors have been weighing in on the matter, observing that boards are under increasing pressure to do the right thing from shareholders, employees and the community. Read more in The AFR.
THE ISSUE WITH UNDERLYING EARNINGS – EVERYONE’S A WINNER!
- Chanticleer columnist James Thomson says investors need to remain vigilant about interpreting financial results, as no fewer than 24 companies posted a loss on a statutory basis during this reporting season. Thomson argues many companies simply “massaged the message and minimised problems”. The trend towards EBITDA also seems unstoppable, and while this may not be lying, it is a signal for shareholders to probe further. Read his views in The AFR.
RECEVING JOBKEEPER? RE-THINK THOSE BONUSES
- Companies that have been recipients of JobKeeper payments yet paid their executives huge bonuses have been attacked by Opposition frontbencher Andrew Leigh, who also cited companies that used JobKeeper to boost dividend payments. Read more in The Australian.
HOW TO STAY FOCUSED WHILE WORKING FROM HOME
- Limit surfing online, define your workspace, document goals and schedule breaks. They are the tips from experts on how to boost your concentration at home. And don’t forget those noise cancelling headphones. Read more in The Wall Street Journal.
PATIENCE, PATIENCE, PATIENCE
- David Sluss, an associate professor of organisational behavior, surveyed 578 full-time working professionals from a range of industries during COVID-19, to learn more about how patience affects a leader’s influence on direct reports during challenging times. Responses revealed that patience had a powerful effect: When leaders demonstrated it, there was an obvious increase in creativity, productivity, and collaboration. Harvard Business Review offers tips on how you can build your patience.
MISS FLYING? YOU’RE IN LUCK
- Asian airlines are selling in-flight meals directly to the public, and nostalgic travel junkies are actually buying them. But before you go and purchase your own, make sure you read the reviews… Read all about it in The Economist.
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