Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. . . smh.com. Illustration: John Shakespeare. The red stuff flowing out the door at Treasury Wine Estates is not a result of the new boss getting stuck into its inventory of Penfold wines, it seems. Barely a week into the job, chief executive Michael Clarke is displaying the mettle he used to transform British basket case Premier Foods. He is flagging significant cost cutting and potential asset sales. ''I am not emotionally attached to any part of a business or any particular brands,'' he said. TWE watchers need to be warned of the mercurial streak he displayed at Premier Foods, where he mercilessly dispatched popular staples such as Branston pickles, Robertson's jam and Sarson's vinegar. He has allowed one exception at TWE, though. ''If I'm totally honest, I am emotional about Penfolds … That's a gem that I think we've done a good job with, and I think we can do an even better job with Penfolds. The first thing Clarke needs to do better is familiarise himself with the names of certain analysts. Most particularly Merrill Lynch's David Errington, whom he twice referred to as David Everington. Errington has a formidable history with TWE going back to its days as a Foster's unit. Just ask former Foster's boss Trevor O'Hoy, who came off second best to Errington's taunts about the underperforming business that consumed O'Hoy's career. Michael Clarke's quick-fire strategy for TWE is either a sign of how bad things are, or how desperate he is to dress the company up for a potential suitor. CBD has reported how a ''change of control'' provision in Clarke's pay deal gives the board the discretion to vest all of his 2014-15 long-term incentives - worth double his $1.7 million fixed remuneration. And the sooner the better for Clarke. ''In the event of a change in control prior to the company's next annual general meeting, TWE will make a cash payment to put Mr Clarke in the position as if the FY15 LTIP had been issued and fully vested,'' reads his pay details. Travelling is all about new experiences, so CBD was pleased to hear Macquarie boss Nicholas Moore enjoyed his unexpected detour on Prime Minister Tony Abbott's north Asia tour. He was among the corporate heavies and media reps who were left on the tarmac when the RAAF A330 was grounded by hydraulic problems. Moore got to experience the middle seat of a long row, at the back end of a commercial flight, along with Fortescue CEO Nev Power, David Knox from Santos, and CSL's Paul Perrault. Is it too early to start writing the obituary for corporate raider Darren Olney-Fraser? The Mariner director facing bans and fines over a failed tilt at Austock in 2012, resigned as chairman of Lemarne Corp on Tuesday. Apparently he made a big impact during his eight-month stint. ''The board would like to thank Mr Olney-Fraser for his contribution and commitment and wishes him well for his future endeavours,'' it said. CBD is pleased to hear Westpac got a bargain 197th birthday present on Tuesday. With a couple of billion in profits to spare, chief Gail Kelly decided it could afford to splurge $334,000 on the oldest banknote in Australia - issued the day the bank first opened its doors as the Bank of New South Wales. Jim Noble, head of the auction house that sold the note, insists Westpac got a great deal. ''Potentially it is worth millions, considering it is unique and the first note in Australia, but the market has been upset by the collapse of a couple of currency dealers. Got a tip? ckruger@fairfaxmedia.com. Contains: 5 Moore Park Entertainment Quarter for sale, valued at ... Five ways to keep the points flowing if you'll be hit by frequent flyer program changes. 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