Good morning, A major Santos shareholder has shown its hand on the $30bn mega deal, as the energy giant’s suitor XRG signals a commitment for local gas supply, a key hurdle for regulators. Meanwhile, spare a thought for Lendlease boss Tony Lombardo, who was the only ASX 100 CEO not to get a bonus last year, while the latest research shows Australia's most powerful bosses now earn 55 times the pay of the average worker. And Labor’s pledge to adjust the power price cap is politically popular, but risks backfiring by putting unsustainable pressure on energy retailers already operating on razor-thin margins. |