The Australian (Free subscription) | 08/20/2008
AFTER seven months of sleepless nights and depressing days, the king of deal-making and leverage, Phil Green, has finally heeded the call of investors and quit the top job at Babcock & Brown.
Courrier Mail (Free subscription) | yesterday
... credit crunch hits home.The casualties include such former luminaries as Babcock & Brown boss Phil Green, Allco founder David Coe and Challenger head honcho Mike Tilley.And the careers of Qantas chief Geoff Dixon, Foster's Trevor O'Hoy and NAB's John Stewart look to have been shortened by the flow-on impacts of the global economic slowdown.Colonial First State head of investment markets...
The Australian (Free subscription) | 08/25/2008
... forced a downgrading of the roles of other high-profile finance sector executives, such as B&B's Phil Green and Jim Babcock and Allco's David Coe. Challenger chairman Peter Polson rejected suggestions that the company's major shareholders -- Mr Packer's Consolidated Press (20 per cent), Colony Capital and Bank of Tokyo-Mitsubishi -- had a hand in Mr Tilley's departure. "None of the...
Business Spectator (Free subscription) | 08/21/2008
Babcock & Brown put on a truly appalling show yesterday. Either Jim Babcock and Phil Green have put in a marvellous effort and should be retained, or they were the incompetent architects of this disaster. 22 Aug 2008 6:58 AM
The Australian (Free subscription) | 08/21/2008
BABCOCK & Brown yesterday announced a major board shake-up, the replacement of chief executive Phil Green and chairman Jim Babcock and the axing of 400 jobs across the group as it embarks on a new, leaner corporate model.
Jamaica Gleaner :: Business (Free subscription) | 08/22/2008
... and head of operations in Barbados, has also been tapped as vice-chairman, second to Jamaica's Phil Green, who chairs C&W Caribbean.Austin as EVP is answerable to Dodd, but his board position muddies the reporting relationship and puts a question mark on his actual standing in the company's pecking order, which C&W Caribbean up to press time had not clarified.Top manThe same situation...
The Herald (Free subscription) | 08/22/2008
The chairman and chief executive of Australian investment group Babcock & Brown, which holds a 23% stake in Forth Ports, both quit yesterday amid the group's continuing financial troubles.Long-serving chief executive Phil Green and chairman James Babcock, who founded the company in 1977, have stepped aside from their roles at the troubled asset management and advisory company.The current...
Business Spectator (Free subscription) | 08/21/2008
New Babcock & Brown chief executive Michael Larkin has neatly deconstructed the group to provide a damning insight into what went wrong in the once high-flying investment bank. Larkin, who has displaced Babcock CEO Phil Green, says that over the past few years in particular, Babcock had been "very successful at achieving substantial growth based on the high levels of liquidity in the...
Market Watch (Free subscription) | 08/21/2008
HONG KONG (MarketWatch) -- Australian infrastructure fund management group Babcock & Brown Ltd. said Thursday that its Chief Executive Officer Phil Green, and Chairman and founder James Babcock, would resign, sending the firm's Sydney-listed shares down sharply.
Market Watch (Free subscription) | 08/21/2008
HONG KONG (MarketWatch) -- Australian infrastructure fund management group Babcock & Brown Ltd. said Thursday Chief Executive Officer Phil Green and Chairman James Babcock would step down, sending the firm's Sydney-listed shares sharpl lower. Current Chief Financial Officer Michael Larkin will replace Green, and Deputy Chairman Elizabeth Nosworthy has been elected to Chairman....
News.com.au (Free subscription) | 08/20/2008
BABCOCK & Brown hierarchs Phil Green and Jim Babcock are expected to fall on their swords today, as the financial group begins the unenviable task of digging itself out of a deep debt-lined pit.
Courrier Mail (Free subscription) | 08/20/2008
BABCOCK & Brown has shuffled the deck chairs with boss Phil Green heading for the exit in a bid to revitalise the struggling investment group.
Business Spectator (Free subscription) | 08/18/2008
Investment firm plans management overhaul as analysts say Phil Green’s days may be numbered. 19 Aug 2008 3:06 AM
Business Spectator (Free subscription) | 08/20/2008
Jim Babcock, Phil Green’s departure speeds up strategic review from investment banks, report says. 21 Aug 2008 4:02 AM
The Australian (Free subscription) | 08/20/2008
INVESTMENT banks Goldman Sachs and Deutsche Bank are believed to be accelerating their strategic review of the Babcock & Brown empire after the biggest individual shareholders in the company, chairman Jim Babcock and chief executive Phil Green, agreed to resign their posts.
