GYG – SUCCESS TODAY BUT WILL IT LAST?; NICE WORK, IF YOU CAN GET IT

GYG – SUCCESS TODAY BUT WILL IT LAST?; NICE WORK, IF YOU CAN GET IT

GYG – SUCCESS TODAY BUT WILL IT LAST?

Guzman y Gomez’s (GYG) highly anticipated IPO finally got off the ground yesterday, with shares surging 36%, placing a $3bn market cap on the company.

Today’s papers are awash with ecstatic photos of GYG founder and CEO Steven Marks and his team jumping for joy in their yellow hoodies at the ASX yesterday. But as everyone knows, the jury is still well and truly out on whether this Mexican-themed media darling will be able to hit its ambitious growth targets in the coming years.

This week, Chanticleer pondered whether the market had lost its mind over the GYG float, and overnight Street Talk released leaked information that GYG has a history of missing targets.

Reflecting on yesterday’s float, Modano founder Michael Hutchens said: “The public markets Ponzi is alive and kicking, it will be fascinating to see how it all unfolds over the coming 12 months.”

Indeed it will…

NICE WORK, IF YOU CAN GET IT
While inflation remains a headache for the Reserve Bank and stops it from pushing the rate cut button, some lucky workers are finding relief from cost-of-living pressures thanks to generous sign on fees, bonuses, and pay rises.

Billionaire Ed Craven’s software group EasyGo Solutions is offering talented tech workers sign-on bonuses of up to $100,000 and salaries 20 per cent above industry standards, while Westpac is considering following its rival Commonwealth Bank and removing a cap on bonuses paid to home loan bankers.

Meanwhile, Melbourne CFMEU members are reportedly preparing to rush out and buy Ford Rangers and Raptors after winning a 21 per cent wage boost over four years – a far cry from the 3.5 per cent annual pay rise awarded to our federal pollies by the Remuneration Tribunal which will see Prime Minister Anthony Albanese’s salary increase to $607,471 and Opposition Leader Peter Dutton’s to $432,239.

But which are Australia’s highest paid occupations overall? According to the latest Tax Office datasurgeons top the list at $480,298 with CEOs all the way down in 10th spot with $206,321.

GOODBYE HOT DESK, HELLO PERSONAL SPACE

Monthly massages, midday Pilates and a fully stocked kitchen are just some of the methods companies used to lure employees back to the office post-pandemic.

Fancy perks such as these, hot desks and shared spaces once ruled, but now, workers seek comfort, hygiene and their own dedicated personal space. Companies like Salesforce are listening, reconsidering hot desking policies and assigning desks to encourage office attendance.

With the comfort of working from home likely to stay, who can blame those wanting their own space?

NAVIGATING NEWS IN A DIGITAL AGE

In the digital age of scrolling and short form news, the attention spans of young Australians are significantly decreasing.

The University of Canberra’s Digital News Report revealed there is a rapid shift to social media as the primary source of news for young people. Surveying more than 2,000 Australians, close to two-thirds of Gen Z get their news fix from social media platforms, a 17% increase from 2023.

According to The Australian Financial Review, the definition of news is changing. The report’s lead author, Dr Sora Park, said: “People don’t really differentiate news from other information anymore.” And with artificial intelligence entering news, what does this mean for the future of traditional news?


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