PAC Capital declined to provide a ratings agency with underlying data on the returns by one of its funds, a step that could damage investor confidence. SQM Research on Thursday withdrew ratings from two of the investment house’s funds, including its heavily promoted esports computer gaming fund, and downgraded ratings on two more to 3.25 stars, steps that signify to financial advisers that they should not recommend the funds to clients. After The Australian Financial Review reported on...

In economic circles, there is a criticism circulating about Michele Bullock, the new Reserve Bank of Australia governor. The critique goes like this: Bullock’s focus on protecting the stability of the financial system during her long career at the central bank, and absence from the economics department, which advises the board on interest rates, has left a gap in her knowledge of the RBA’s most important function.

Since she became Macquarie chief executive, Shemara Wikramanayake has been paid $85 million. It is a huge sum, even for the head of a large investment bank. But compared to her male colleagues and predecessors, though, the company’s first female chief executive looks underpaid. If Wikramanayake’s total remuneration was set at the same proportion of profits as former chief executive Allan Moss, she would have received $328 million since becoming CEO. Instead, she’s been paid 40 per cent less...

Jason Yetton, a Westpac Banking Corp executive who reports to CEO Peter King, is impressed with himself. We know this because he tells us. On his profile on the social networking site LinkedIn, Yetton engages in self-flattery that the business world would have once considered inappropriate but is now common.

Salesforce is one of those companies that most people haven’t heard of but is important for a couple of reasons: the success of its products, and the way it treats employees. Salesforce sells computer programs that big and medium-sized companies use to manage their relationships with customers and would-be customers. You have reached an article available exclusively to subscribers. New Year Sale. Save over 50%. Turn resolutions into actions and subscribe for only $6 per week for your first 3...