A rider for Deliveroo Australia is taking the food delivery giant to court today, in a Fair Work Commission unfair dismissal case. Colin Goldschmidt is a qualified medical doctor and has been chief executive of Sonic Healthcare since 1993. Seek entered a trading halt last week after the short seller report sent its shares down 8 per cent to $21.51. Seek shares continued to decline on Monday morning, falling more than 5 per cent to a low of $20.12 before closing at $21.33. Coming off a not-so-stellar Q1 reporting season, GOOGL fell short in Q2, reporting its first ever year-over-year quarterly decline. Blue Orca sampled Zhaopin advertisers as part of its research, and upon contacting them found the employer was wound up, uncontactable, refused to engage or disputed their active listing. Andrew Bassat: co-founder and CEO of Seek.com, Australia's leading online jobs site with a significant offshore business as well. Seek issued a trading update in June, when it posted a net loss of $111.7 million for the year ending June 30, 2020 and announced a non-cash impairment charge of up to … Bassat, who co-founded online jobs portal Seek with his brother Paul in 1997, was named Australia’s entrepreneur of the year back in 2013. Seek is not the first Australian tech stock to be targeted by short sellers. Value of shares: $242.5 million. The oldest executive at SEEK Limited is Michael Wachtel, 64, who is the Independent Non-Executive Director. That's mainly a factor of it believing EBITDA should be adjusted to $259 million, not $415 million. "Rather than valuing Seek as a fast-growing online recruiting platform, we value Seek for what it is — a slow or no-growth platform whose core business is shrinking and which carries a dangerous amount of debt," the original report stated. Rex moved to Australia in 1998 after several senior management roles in the UK. In his current role, Rex overseas the operation of 212 hospitals and day surgeries across Australia, France, the UK, Indonesia and Malaysia. SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia and internationally. US activist short seller Blue Orca has taken on ASX-listed online jobs portal Seek, claiming Seek's business in China, Zhaopin, is full of junk employment listings to maintain the illusion of user growth, and its valuation is vastly inflated. A little-known fact about him is that he is able to speak five languages. Seek’s Andrew Bassat was found to have scooped up the most bonuses in the past financial year, with a reported pay of $4.2 million while actually taking home $17.9 million. How can you know if your company is truly customer driven? CEO Andrew R Bassat. Gries heads-up James Hardie Industries, easily sailing into third place with his $20 million dollar pay packet. Other roles have included the Herald's deputy business editor and online business editor. When Tom Ricketts snatched a disenchanted Theo Epstein away from the Red Sox nine years ago, it was far from clear whether he could interest Epstein in leaving the powerful Boston franchise for a historically unsuccessful one in Chicago. There are no executives at SEEK getting paid more. The U.S. Food and Drug Administration needs at least two months of safety data before authorizing emergency use of any experimental Covid-19 vaccine. Blue Orca said Seek had repeatedly tapped capital markets to fund acquisitions and raised its net debt-to 3.2 times its reported earnings (before tax, depreciation and amortisation). "We'll give Seek the benefit of the doubt and give them a multiple of 20-X, but if they think that's the comparison, then on that basis alone it should trade far lower. Chris Rex, Ramsay Health Care: $30.8 million. Five quick and easy productivity tips, Envato co-founder Collis Ta’eed to hand over CEO role to Hichame Assi, Attend the AWS Resiliency and Chaos Engineering Online Series. Alibaba apparently planned to invest hundreds of millions of dollars in Zhaopin, according to a report by The Information on September 15. ANDREW BASSAT. Humana Profits Soar In Pandemic With Seniors Still Slow To Seek Care, Amy Coney Barrett Takes Up First Supreme Court Case, Twitter Shares New Warning Labels For Tweets Prematurely Calling 2020 Election Results. Copyright © 2020 Private Media Pty Ltd. Publishers of SmartCompany. Seek is run and co-founded by Andrew Bassat. People have been surfing the Web with Internet Explorer for a quarter of a century. 10. Hospitality tech startup HungryHungry bags $2 million, as COVID-19 brings irreversible change to the sector, Deliveroo dragged to court in unfair dismissal case that could have “significant ramifications” for the Aussie gig economy, “An entrepreneur at heart”: CarAdvice co-founder Alborz Fallah raises $3 million for new motor media venture, Riot Art & Craft shuts 56 stores, as pressure mounts on retailers, The ATO is coming for overpaid JobKeeper cash, guidelines confirm, Adore Beauty joins the ASX: How Kate Morris built an e-commerce empire, Melbourne gyms to reopen from November 9, but COVIDSafe restrictions threaten their viability, Working hard from home or hardly working? "Recall that in the markets we sampled, these employers accounted for almost 20 per cent of the posts on these platforms, making it a significant admission of rot on Zhaopin," Blue Orca said. Four years after selling CarAdvice.com.au to Nine for $60 million, Alborz Fallah has raised $3 million for his new business CarExpert.com.au. Andrew Bassat, SEEK: $17.9 million Bassat, who co-founded online jobs portal Seek with his brother Paul in 1997, was named Australia’s entrepreneur of the year back in 2013. "If Zhaopin has really generated so much free cash flow, why does Zhaopin’s indebtedness keep increasing?" The U.S. must stop using COVID-19 as a pretext for deporting migrant children who have tested negative and thus pose no public health threat. “We accept that market participants have different opinions, however this report is littered with inaccuracies,” said Seek CEO Andrew Bassat. They founded the business as a joint venture in 1983 and … He has been involved in all stages of the development of the business since he co-founded the Company in 1997. He spent 10 years at the helm of the packaging giant, presiding over a very successful period for the company. Who Is In Line For Consideration If Chicago Cubs Seek Regime Change? 3. Under his guidance James Hardie Industries revenue has grown to around $1.5 billion a year. Children Seeking Asylum Deserve Protection. Use Forbes logos and quotes in your marketing. Hupert and Hall are worth $221.8 million and $221.5 million respectively on the Rich Bosses. Analyst reports that have been released since the short seller attack on Seek have covered some of the issues targeted by Blue Orca. The Blue Orca report is littered with inaccuracies says Seek chief executive Andrew Bassat. Melbourne, 3000 Australia. The CEO who founded SEEK, now worth $6.8 billion, with his brother, venture capitalist Paul Bassat and friend Matt Rockman of the Rockmans … "The fullness of Seek’s market disclosures ensures that market participants have a great deal ofinformation against which to assess the merit, or lack thereof, of claims such as those in the report," Seek said. Eddie Jim. Here are three key ways to tap into what customers really want. Domestic audiences seeking a taste of India are in luck thanks to a pair of exhibitions which now happen to coincide with the nation’s celebration of Diwali. Level 6, 22 William St, There are 4 older and 1 younger executives at SEEK. Louis Gries, James Hardie Industries: $20.8 million. His reported salary of $4.2 million is dwarfed by what he actually took home last financial year thanks to lucrative equity options and Seek’s continued international expansion. It also provides advice in relation to career related education. Andrew R. Bassat serves as Chief Executive Officer, Managing Director, Executive Director of SEEK Ltd. Andrew Bassat is the Managing Director, CEO and Co-Founder of SEEK Limited. Blue Orca said Seek's shares could be worth as little as $7.20. All children have the right to grow up in safety. He has more than 30 years’ experience in the insurance and financial services sectors, scooping up $4 million in equity last financial year on top of his $7.5 million salary. Andrew Bassat is 53, he's been the Chief Executive Officer, Managing Director, and Executive Director of SEEK since 2011. Seek is among the top 30 most shorted stocks with 5.23 per cent of the register loaned out, according to Shortman data. © 2020 Forbes Media LLC. Andrew R. Bassat serves as Chief Executive Officer, Managing Director, Executive Director of SEEK Ltd. Andrew Bassat is the Managing Director, CEO and Co-Founder of SEEK Limited. SmartCompany It operates through SEEK Asia Pacific & Americas, and SEEK Investments segments. 9. Sales $1B. Wisetech shares have yet to fully recover from a short attack launched last year by China-based J Capital, which is run by former Labor candidate for the federal seat of Wentworth, Tim Murray. The company matches hirers and candidates with career opportunities and related services; and distributes and provides higher education courses. Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox. Colin Kruger is a business reporter. 2013 value: $134.3 million ... Its 2014 half-year results showed a 38 per cent rise in revenue and a 29 per cent rise in net profit. It has been more than two years since he has taken on a company in the Australian market. https://addicted2success.com/news/the-top-20-youngest-australian-millionaires Blue Orca refers to the Australian arm as "flat growth". But it claims that Zhaopin is no longer the Chinese market leader, and pays users to flood the platform with "zombie" resumes. Andrew Bassat Net Worth Andrew Bassat biography. "This is priced as a growth platform but there's no growth," Mr Aandahl said. SEEK executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. HungryHungry has scored $2 million in Series A funding, after the COVID-19 pandemic accelerated innovation in the hospitality sector. Nicholas Moore, Macquarie Group: $11.4 million. Sales $1B. Mike Wilkins, Insurance Australia Group: $11.5 million. Seek on Monday acknowledged that China is a highly competitive market and said Zhaopin is theleader on many key metrics but not all. All Rights Reserved. It owns 61.1 per cent of Zhaopin, which used to be listed on the NYSE. 3: Year founded is based on when the companies were incorporated. Brothers and co-chief executives Peter and Steven Lowy were the highest-paid chief executives in terms of their reported pay packet, only to be knocked off their perch by Chris Rex after taking into account the issuing of shares and other bonuses.