Australian economy: Graham Bradley, Tony Shepherd, Ann Sherry among directors sounding alarm on recession afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Serial tech founder Bevan Slattery says that after listing five companies since 2005, he doubts he would list on the ASX again, blaming the saturation of red tape.
Leading company directors say a surge of consolidation, the rise of super funds, private equity and heavier red tape for listed companies are behind the sharemarket shrinking by $43 billion. “It is hard to see the trend reversing.”