Board Should Consider Clawing Back Childcare CEO Bonus, Shareholders Say

ASX rises, childcare company falls after sex abuse allegations

The Australian share market is trading higher this afternoon after Wall Street set record highs. Meanwhile, childcare company G8 Education has taken a dive on the share market after news one of its former employees had been charged with child sex offences. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Quadrant finds itself bogged down in childcare quagmire

The private equity giant made a $650 million bet on Affinity Education four years ago. Child abuse allegations now have the sector under an intense spotlight.

Board should consider clawing back childcare CEO bonus, shareholders say

As scrutiny of the for-profit childcare sector intensifies following child abuse allegations, shareholder advocacy group questions CEO pay and board suitability as investors seek to meet with embattled G8 Education.

G8 Education Target Price Slashed After Abuse Charges

Macquarie has significantly downgraded its target price for G8 Education, cutting it by 25 per cent from $1.53 to $1.15. This decision follows the revelation that a former employee, Joshua Dale Brown, has been charged by Victoria Police with multiple offences related to the abuse of eight children. G8 Education is an Australian provider of early childhood education and care services, operating numerous centres across the country. The company aim…

Why did Macquarie just re-rate G8 Education shares?

G8 Education Ltd (ASX: GEM) shares have fallen 23% for the year to date.  G8 Education is Australia's largest childcare centre operator, with over 400 early learning, kindergarten, and preschool centres across Australia under various brands. Recently, retail investors have embraced a 'buy in the dip' mentality. In other words, they have taken advantage of share market volatility to buy shares at lower prices.  This was most evident back in April…