David Jones's former chief executive, Mark McInnes, has been recruited by billionaire Solomon Lew with a pay package of as much as $5.2 million a year. Mr McInnes resigned from DJs last year after admitting acting in a manner and becoming of a chief executive towards a female employee. He's now been appointed CEO of Premier Investments' retail arm, just group which owns chains like Portmans, Peter Alexander and Just Jeans.

 

And let's check the market numbers now. It was a positive end to the week with the sixth consecutive gain for the All Ordinaries index. The All Ords closed 46 points higher and the ASX200 gained 43 points, or about one per cent. Elsewhere in the region, Tokyo's Nikkei is up about half a per cent. The Hang Seng is also stronger. The US rose on strong figures showed by the tax sector.