logo
Peter Ryan

Peter Ryan

The ABC is deeply saddened by the death of our great friend and esteemed colleague Peter Ryan. After a distinguished 45-year career in journalism Peter retired from the ABC last month due to ill health.
We extend our heartfelt condolences to Peter's family.
A tribute to Peter on his retirement can be read here: https://www.abc.net.au/about/media-centre/press-releases/peter-ryan-retires-from-the-abc/105467844
Listen to The World Today's tribute to Peter Ryan
Watch here: After 45 years, business reporter Peter Ryan has called time on his career
Peter's many career highlights include being the ABC's Washington Bureau Chief, head of TV news and current affairs in Victoria, Executive Producer of Business Breakfast , founding editor of Lateline Business , which later became The Business, and Business Editor. Since 2016 he has held the role of Senior Business Correspondent.
In 2017 Peter won a Walkley Award for his expose on the Commonwealth Bank scandal. His coverage contributed to the calling of the banking Royal Commission and in 2018 he was the National Press Club finance journalist of the year for his coverage of the commission.
In 2022 he was recognised with the Order of Australia medal for his significant service to journalism.
ABC Director, News Justin Stevens: Peter leaves a significant legacy. Through his mentorship, friendship and professionalism he directly touched the lives of many at the ABC. Through his journalism he had a profound impact on the lives of Australians and our society. It was a privilege to know him and work alongside him.
Peter's parting words of advice:
Peter Ryan shares his highs and lows from 45 years
So what have I learned from 45 years in journalism? This is for younger and older colleagues alike.
When I look back at my start on Sydney's Daily Mirror in 1980, as an 18-year-old straight out of school, we were still printing newspapers off hot metal. People were smoking in newsrooms and there was a lot of yelling as deadlines ran down to the wire.
My parents were absolutely delighted when I was finally hired by the ABC in 1984. Our TV always seemed to be stuck on Channel 2, we were forced to watch the 7pm news every night and I had to listen to AM and PM in the kitchen.
I'd love to be with you all there, but one strong message I have is, never let anyone tell you the good old days were really that good – that's a bit of a myth.
I'd like to thank the ABC for taking so many risks with me over the years, giving me my dream of a foreign posting in Washington and then into big editorial roles.
But for me in the end it's all about being a reporter out in the real world telling it as it is. I'm always chuffed when I hear people tell me you're able to take complex issues and break them down into three good parts. When someone tells me that, that's more important than a whole lot of awards.
A few words of editorial advice. Avoid cynicism – be passionate. A good team can often be a very small team – I've worked in some of the best. Be proactive – come to the table with a great story so no one else comes up with a dud that might waste your time.
Work closely with top people – shut up and absorb like a sponge. Maintain a fastidious contact book – some low-profile contacts could soon move into higher powered roles or more importantly work in backrooms where the big decisions are often made.
Show up to work early and prove that you're ready to take on the big story of the day. Try to have a Plan B in your back pocket just in case your original brilliant idea doesn't go anywhere and the EP comes walking your way.
Finally: Be kind and caring to people who need it.
Media contact
Sally Jackson, ABC Communications
jackson.sally@abc.net.au
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Dumb way' Australians measure their superannuation balances as expert shares how to hit $1 million by the time you retire
‘Dumb way' Australians measure their superannuation balances as expert shares how to hit $1 million by the time you retire

News.com.au

time25 minutes ago

  • News.com.au

‘Dumb way' Australians measure their superannuation balances as expert shares how to hit $1 million by the time you retire

For many Australians, a million in super has been a dream scenario. But it was more than was really necessary. Most Aussies who are retired never even got close and are absolutely fine. But for you? The person who isn't going to retire for ages? It is possible. It's actually even likely, if you are young enough. About half of all people aged 30 will end up with a million in super. But which half? A million dollars in super might be pretty nice to have in the future. Because the cost of living keeps going up. If inflation is high enough, a million dollars might be enough to buy Weet-Bix and keep the lights on! In this story we're going to look at who has what, and who is likely to end up with a million dollars in super. And we are going to look at some amazing graphs. No more averages please When I talk about super, I give the full story. Not just the averages. Averages are, in this context, dumb. Because almost nobody is the average. Super is not like height, where we are all fairly similar and an average is meaningful. When it comes to super, some people are like lego people and some are bigger than giraffes. The following charts break super up by age group. They also break your age group into 20 groups, from the zeroes on the left (no super) to the superheroes on the right (loads of super), and everyone else in the middle, in chunks of 5 per cent. This is useful because it shows you not just the average for your age, but where you stand compared to your peers. You can find yourself in the following charts (there's one for men and one for women) 1. First find your age group, 2. Then find the tallest column that is less than your super balance. That's your column. 3. See where your column stands. If it is the tallest you're in the top 5 per cent, second tallest top 10 per cent, etc. If your bar is near the right side, you're near the top. If your bar is near the left, you're closer to the bottom. Each bar is 5 per cent of that age group. The height of the bar is the minimum dollar amount to be in that group. My super balance is just below the second bar for my age group. Which means I'm in the third group – the top 15 per cent for my age. Not too bad, not amazing. My holidays in retirement might be a week at the coast not a month of cruising the Mediterranean, but at least I should get some holidays! Where will I end up? So … who is likely to end up with a million in super? If we make some simplifying assumptions – say everyone puts in $9000 a year and gets 7 per cent returns, we see the following. The charts are the same as the ones above, but I've coloured red the people who are able to hit a million by age 60. For women, we see about 20 per cent of those aged 35 to 39 will hit a million by age 60. Those whose balances are over $120,000 now are on their way to seven figures. For women under 30, all of them can hit a million. If they put $9000 a year away for 30 more years and get 7 per cent returns the magic of compounding will get them over the line. The following charts are for men. More men aged 35 to 39 will hit a million in super by age 60 – about 30 per cent of them. Again, all men under 30 can hit a million in super by age 60. In reality not everyone under 30 now will get there by 60. People who have no super at age 30 are not likely to start saving $9000 a year. Putting $9000 a year away is a lot for a person making below average income in 2025, so that assumption is a bit dubious, on the other hand some of these people will still be working in 30 years and at that point $9000 a year won't be much. The above charts are best thought of as a simplified model of what's possible. Should you worry about your super? Obviously this is just a projection – a guess, estimate, forecast. If you get promoted to manager or act super frugal you can end up with more than the projection. If someone drops a steel beam on your head or your business goes broke, you end up with less. And if you fall in a fiery volcano the day before your 60th birthday it won't matter at all. Super works only if civilisation still exists at retirement. And the longer the time frame you're looking at the harder it is to predict the future. Eighteen year olds aren't thinking about retirement and honestly good on them. Go have fun. Also, every so often history dishes up a big financial event that crashes markets and destroys wealth. If that arrives in your last five years before retirement, a lot of your good work in saving hard can be undone. The assumption I've made – of 7 per cent returns steadily each year – could come to look ridiculously optimistic. For anyone about to retire and stressing about the cost of living in retirement there is comfort in the knowledge that the pension is going to be there. Politicians have raised the pension age to 67 but no further rises are planned. If you can stretch your working life and savings to age 67 then the pension ($1051 per fortnight for a single) will carry you afterwards, and you needn't worry about super at all!

Save $284 on this Dyson Airwrap Multi-styler and Dryer
Save $284 on this Dyson Airwrap Multi-styler and Dryer

News.com.au

time25 minutes ago

  • News.com.au

Save $284 on this Dyson Airwrap Multi-styler and Dryer

The winter mid-year slump is well and truly here, and if you're feeling a little restless stuck indoors, you're not alone. But if you can't quite afford a Europe getaway with the rest of your Instagram feed, a little self-care goes a long way. And right now, the crazy good Dyson Airwrap multi-styler and dryer is a huge $284 off, down to just $565. What makes this deal even better? The brand new Dyson Airwrap Co-anda 2x is about to launch on July 30 for a whopping $999. While it comes with a few upgraded features, you're essentially saving nearly 50 per cent with this version. The best-selling device dries, curls, shapes, smooths and hides flyaways all with no heat damage. Featuring six different attachments for every style and hair type, it seriously is the hair tool to end all hair tools. checkout editor, Hannah Paine, previously tested the Airwrap and said it's a 'great investment' and '100 per cent worth it'. 'Plus, just the mere fact that the Airwrap can replace a blow dryer, straightening iron and curling tongs makes it worth purchasing, especially if you're someone who styles their hair frequently,' she said. Others also agree. The device has over 41,000 five-star reviews on the Dyson website plus thousands of social videos and posts. 'It was also really simple to use and I picked up the techniques needed for each attachment quite quickly thanks to video tutorials. It's easily the best, most versatile hair tool! Don't know what I'd do without it,' wrote one very impressed customer. Another wrote, 'Brought my Airwrap two weeks ago. Been looking at it for years trying to justify the cost then thought I'd just buy it. Wish I'd done it sooner, easy to use, great attachments, dries my hair so well & smooth. Definitely worth the cost.' So if you've been thinking about it, follow this reviewer's advice and buy now. Sign up to our weekly shopping newsletter to get all the best deals, shopping tips and guides delivered straight to your inbox.

‘Gone from shelves': Popular chip discontinued at Coles, Woolies
‘Gone from shelves': Popular chip discontinued at Coles, Woolies

News.com.au

timean hour ago

  • News.com.au

‘Gone from shelves': Popular chip discontinued at Coles, Woolies

A popular Aussie snack has been discontinued 'due to insufficient levels of consumer demand' – leaving fans of the potato chip devastated. Tyrrells was created in England back in 2002, before it began importing the famous chips to Australia 12 years later. Shortly after landing a deal to be sold exclusively at Coles, the UK-based company acquired Yarra Valley Snack Foods, creating the company's first manufacturing facility outside the Herefordshire farm on which it was founded. It spent $6 million importing fryers and spinners to the Victoria-based factory in order to recreate the English 'crisps' using locally farmed potatoes, and even secured a government grant to help expand the Tyrrells operation. But fast-forward 10 years, and Snackbrands Australia – the new name for the umbrella company that manufactures Tyrrells along with a string of other popular chips – has confirmed it will no longer make Tyrrells chips for Australia. 'We always aim to bring delicious snacks to our consumers in line with their needs, however we sadly had to retire the Tyrrells brand from market due to insufficient levels of consumer demand,' a spokesperson told 'We realise that there will always be true lovers of the brand out there, however we need to balance the requirements of our consumers as well as our retail partners when making these tough decisions.' It is understood the factory will continue to produce Tyrrells for its Asia-Pacific markets. Those who had already noticed the cult-chip was missing from Coles and Woolies shelves have shared their disappointment at the brutal axing, describing it as 'really sad news'. 'Gone from their shelves without warning or even clearance tags. Didn't even get a chance to stock up,' ranted one disappointed Aussie on Reddit. 'These were f**king good, made in Australia with Aussie potatoes, and at $3.80 for 165g. Price does what it says, without stupid price hikes and fake offers,' raged another. 'This is really sad news, Tyrells are definitely one of my favourites, especially the cheddar and chive flavour,' shared someone else. Meanwhile one added the news was 'really disappointing', describing Tyrrells as 'the best chips on the shelves'. 'These are the king of chips and I am heartbroken,' mused one more. Snackbrands Australia said Tyrrells fans could find 'great alternatives' in its range, suggesting its Kettle and Natural Chip Company brands. 'For anyone still keen to get their hands on Tyrrells, they will continue to be sold for the foreseeable future in certain Harris Farm outlets,' the spokesperson added. Coles and Woolworths both confirmed to the brand was no longer on sale in its stores.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store