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Rupert Murdoch won shareholder approval yesterday to move the corporate headquarters of his US$48bil News Corp Ltd media empire to the United States and sever its Australian roots.
The international corporate world is agonising over issues of governance and ethical behaviour just as the Abdullah Badawi administration is making corruption a priority agenda for the Malaysian nation. From time to time, once powerful organisations like Enron and WorldCom hog the limelight as pariahs of corporate malfeasance.
Fiat on Tuesday chose turnaround expert Sergio Marchionne to be its new chief executive, the latest move in a shake-up of the struggling vehicle maker's top management after the death of chairman Umberto Agnelli and the resignation of the previous CEO last week.
Survey says that corp[orations in Asia Pacific that are doing social work just to get on the good side of the government and opinion leaders are misguided - not only morally, it seems, but also in terms of business strategy.